Porto Seguro S A : Monthly Sectorial Report Aug 23

Monthly Sectorial Report - SUSEP

A U G U S T / 2 0 2 3

Highlights	Market Share (%) and Premiums (8M23 - R$ bi)
	Auto

• +9.0% in Porto's Auto (Port+ Azul) premiums (Aug/23 vs. Aug/22) vs +1.0% of Market (Ex-Porto).
• Improvement of 13.2 p.p. in Porto's Auto (Porto + Azul) loss ratio in Aug/23 (vs. Aug/22) reaching 54,8%.
• P&C + Cargo: +18.4% in premium (vs. Aug/22) and loss ratio of 33.8% in Aug/23.
• Life: +1.3% in premium (vs. Aug/22) and loss ratio of 32.6% in Aug/23.

Grupo Porto

2nd Major

3rd Major

4th Major

5th Major

10.327.5%

5.0 13.4%

4.7 12.7%

4.3 11.6%

3.6 9.6%

6th Major

2.5 6.8%

Porto Consolidated Indicators - Auto

2			Written Premium (R$ bi)					2				Earned Premium (R$ bi)
						1.36	1.54				1.57									1.41
	1.09 1.32 1.11	1.33	1.33												1.30
1.21	1.32		1.28		1.23 1.12	1.25	1.22	1.25	1.28	1.07	1.13	1.11	1.22
		1.07					1.41	1.17				0.92						1.06	1.07
0.88	0.90		1.19	1.17	1.22						1.18		0.96	0.93	0.99	0.97
	1.01	0.98	0.93			1.03	0.84
		0.89	0.83	0.86	0.93	0.86				0.83	0.82	0.85	0.84	0.87	0.88	0.86	0.90	0.88	0.91
0.78 0.77	0.79			0.83	0.77
0Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	0Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
													2021
				Loss Ratio* (%)					2022					Commission (%)
								2023
					70.0
69.4	67.3	59.1	66.4	66.2	67.7	68.0	65.6	63.3	63.6	70	30
90
	64.7							54.8				55.460	24.7 24.3	24.9	24.6	23.8	24.1	23.8
59.0	61.0		57.8	54.3	53.5					50	22.922.8	22.7	22.3	23.0
						64.2	22.8	22.0	22.2	22.2		22.9	22.2
51.9			50.7								62.240	21.7	21.7
52.1				55.6	58.6	53.4	58.4	20			22.0	21.4
	46.7	46.0	42.3	43.6							30	21.0		20.3	19.8	20.0 19.9	20.2	19.6	19.9		20.8	20.0
												20
												10
0Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec0	10Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec

PREMIUMS (R$ Bi)				Written Premiums						Earned Premiums
AUTO INSURANCE		aug/23	aug/22	Var.% vs.	8M23	8M22	Var.% vs.		aug/23	aug/22	Var.% vs.	8M23	8M22	Var.% vs.
	aug/22	8M22		aug/22	8M22
Porto	1.05	0.99	6.3%	7.06	5.98	18.2%	0.92	0.71	29.2%	6.82	5.14	32.7%
Azul	0.49	0.43	15.3%	3.23	2.89	11.7%	0.49	0.36	36.7%	3.16	2.61	20.8%
Total Porto Group		1.54	1.41	9.0%	10.29	8.86	16.1%		1.41	1.07	31.7%	9.98	7.75	28.7%
Total Porto Group	3.65	3.61	1.0%	27.10	23.81	13.8%	3.35	2.85	17.3%	26.08	20.30	28.5%
Total Market		5.19	5.03	3.3%	37.39	32.67	14.4%		4.76	3.92	21.3%	36.06	28.05	28.5%
EXPENSES				Loss Ratio						Commission Ratio
AUTO INSURANCE		aug/23	aug/22	Var.% vs.	8M23	8M22	Var.% vs.		aug/23	aug/22	Var.% vs.	8M23	8M22	Var.% vs.
	aug/22	8M22		aug/22	8M22
Porto	54.3%	66.3%	-12.0 p.p.	55.9%	63.1%	-7.2 p.p.	20.1%	22.2%	-2.2 p.p.	20.5%	22.6%	-2.1 p.p.
Azul	56.3%	71.2%	-14.9 p.p.	58.9%	73.7%	-14.8 p.p.	19.6%	20.7%	-1.1 p.p.	19.3%	21.5%	-2.2 p.p.
Total Porto Group		54.8%	68.0%	-13.2 p.p.	56.9%	66.8%	-9.9 p.p.		19.9%	21.7%	-1.8 p.p.	20.1%	22.2%	-2.1 p.p.
Total Porto Group	58.6%	70.2%	-11.6 p.p.	59.5%	74.7%	-15.1 p.p.	18.7%	18.5%	0.2 p.p.	18.1%	19.1%	-1.0 p.p.
Total Market		57.5%	69.6%	-12.0 p.p.	58.8%	72.5%	-13.7 p.p.		19.0%	19.4%	-0.4 p.p.	18.7%	20.0%	-1.3 p.p.

Monthly Sectorial Report - SUSEP

A U G U S T / 2 0 2 3
														P&C + Cargo
				0.23							0.21		0.21	0.21		0.22	0.22			0.24		0.24	0.24	0.23	0.25
			0.19				0.20		0.19	0.20	0.20	0.19	0.20
	0.18
0.17	0.17			0.17									0.18
		0.16	0.15															0.21	0.22
																		0.20			0.20
														0.19	0.19	0.19	0.20		0.20	0.20
				0.17	0.17		0.18	0.17	0.17		0.18	0.18	0.18	0.18	0.18
		0.16
0.16	0.16	0.16	0.16
aug/21	sep/21	oct/21	Nov/21	dec/21	jan/22	feb/22	mar/22	apr/22	may/22	jun/22	jul/22	aug/22	sep/22	oct/22	nov/22	dec/22	jan/23	feb/23	mar/23	apr/23	may/23	jun/23	jul/23	aug/23

50					43.2							40.1	44.2					41.3	48.3
					36.9		39.5	36.8				36.7	39.7				38.9
		36.1			35.8	33.4	35.1
	30.6 31.9						31.5				33.8	33.4		33.8
30.0	29.8									31.7
														26.8
27.1	29.4	31.6	30.7	30.1	29.3	28.4	30.2	30.4	30.9	29.2	29.6	29.9	28.7	29.5	30.2	29.0	30.7	27.6	28.4	28.2	29.4	28.9	27.3	27.9
20
10
0

Written Premiums (R$ bi)

Earned Premiums (R$ bi)

Loss Ratio

Commission

Life

															0.12						0.13	0.14	0.13	0.14
																	0.12							0.13
											0.12
											0.11	0.11				0.11			0.12
														0.11
							0.11						0.11
																0.11	0.10
0.09			0.09		0.09														0.11			0.12		0.12	0.12		Written Premiums
			0.09
0.09	0.08			0.09												0.11 0.11			0.11								(R$ bi)
		0.08		0.10			0.10		0.10	0.10 0.10	0.10		0.10
					0.09	0.10				0.10										Earned Premiums
0.08
											0.09																	(R$ bi)
			0.09
0.08	0.08		0.09		0.08		0.09

46.4			42.0	42.0	42.6			41.6		39.8
			37.6		35.6				36.7
												34.0	33.7		35.5
							32.7			32.0	32.5				34.5	32.6
30.7	29.0								31.5		29.0	Loss Ratio
	25.1									24.7		27.4
30	29.5						34.8
		32.3	31.0			31.9				31.6				32.0					33.1			Commission
	30.3	29.0	29.1	28.6	28.1	30.4	30.1	29.8				30.2	30.1	30.6	30.4	30.4
30.3			26.8	27.0
	18.0												17.4
0

Summary

Company Name | Code:

Porto Seguro Companhia de Seguros Gerais | 5886

Azul Companhia de Seguros Gerais | 5355

Porto Seguro Vida e Previdência S/A. | 6033

Itaú Seguros de Auto e Residência S/A. | 3182

Written Premiums - Insurance | premiums and loss ratio

Access:http://www2.susep.gov.br/menuestatistica/SES/principal.aspx

Operations / Insurance:

Premiums and Loss Ratio

Code of branches by Segment:

Auto:0520, 0524, 0525, 0526, 0531, 0542, 0553, 0628, 0644.

P&C + Cargo: 0112, 0114, 0116, 0118, 0141, 0167, 0171, 0173, 0195, 0196, 0621, 0622, 0623, 0632, 0638, 0652, 0654, 0655, 0656, 0658.

Life: 0929, 0936, 0969, 0977, 0980, 0982, 0983, 0984, 0986, 0987, 0990, 0993, 0994, 1329, 1336, 1369, 1377, 1380, 1381, 1383, 1384, 1386, 1387, 1390, 1391, 1392.

Disclaimer

This report was prepared by Porto Seguro S/A. and its main objective is to help the market to monitor the performance of its businesses. exclusively based on public data provided by the Statistics System of the Superintendence of Private Insurance (SUSEP). available at http://www2.susep.gov.br/menuestatistica/SES/principal.aspx. It should be noted that the figures in this report are calculated using the accounting standard used by SUSEP. known as SUSEP GAAP. and may differ from those disclosed in the Performance Analysis Report and in the quarterly Financial Statements of Porto Seguro S/A.. which adopt international accounting standards and standards (International Financial Reporting Standards - IFRS) issued by the International Accounting Standards Board (IASB). In producing this report. any effects that may be considered non-recurring were not segregated. Additional information in this regard will only be detailed in the quarterly release.

*The Loss ratio for Auto and Home Insurance (which make up property insurance) has changed from 2Q22 onwards due to the spin-off of assistance services from the Insurance operation to "Porto Assistência" with no material impact on the Company's consolidated Net Income. For more detailed information. access the Company's 4Q22 release. (Pg. 9)