Porto Seguro S A : Material Fact - Corporate Reorganization - Company Merger, Spin-off or Consolidation
June 03, 2021
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PORTO SEGURO S.A.
Publicly Held Company | CVM no. 01665-9
Corporate Taxpayer's ID (CNPJ/MF): 02.149.205/0001-69
Company Registry (NIRE): 35.3.0015166.6
ISIN Code: BRPSSAACNOR7
Alameda Barão de Piracicaba, nº 740, Tower B (Building Rosa Garfinkel), 11th floor,
Campos Elíseos, São Paulo/SP
MATERIAL FACT
PORTO SEGURO S.A. ("Company") (PSSA3) informs that it was filed, on this date, with the Superintendency of Private Insurance - SUSEP, a request for prior authorization for the partial spin-off of its subsidiary Porto Seguro Companhia de Seguros Gerais (CNPJ No. 61.198.164/0001- 60), with the purpose of transferring part of its activities to Porto Seguro Assistência e Serviços S.A. (CNPJ No. 41.608.574/0001-24), also controlled by the Company. The spin-off is intended to concentrate related businesses into the same entity and thus optimize their management within the group.
The execution of the spin-off will depend on the approval of SUSEP and any other approvals. The Company will keep the market informed about it, under the terms of the applicable regulation.
São Paulo, June 04th, 2021.
Roberto de Souza Santos
Chief Executive Officer and Investor Relations Officer
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Porto Seguro SA published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 11:20:03 UTC.
Porto Seguro SA is a Brazil-based company primarily engaged in the automobile insurance sector. The Company's activities are divided into six business segments: Car insurance, which offers automobile insurance products; Health insurance and plans, which provides health and dental insurance policies and healthcare plans; Life insurance and pension plan, which includes life insurance products and management of pension plans; Other insurance, which provides other non-life insurance policies; Financing, which is involved in the credit transactions, and Other, which mainly includes insurance services provided in Uruguay. In addition, the Company offers a range of services not related to insurance activity, such as electronic protection and surveillance and distribution of automotive parts. The Company is controlled by Porto Seguro Itau-Unibanco Participacoes SA.