Porto Seguro S A : Monthly Sectorial Report July 23

Monthly Sectorial Report - SUSEP

J U L Y / 2 0 2 3

Highlights

• +11.0% in Porto's Auto (Port+ Azul) premiums (Jul/23 vs. Jul/22) vs +7.3% of Market (Ex-Porto).
• Improvement of 11.3 p.p. in Porto's Auto (Porto + Azul) loss ratio in Jul/23 (vs. Jul/22).
• P&C + Cargo: +18.9% in premium (vs. Jul/22) and loss ratio of 31.7% in Jul/23.
• Life: +20.2% in premium (vs. Jul/22) and loss ratio of 34.5% in Jul/23.

Market Share (%) and Premiums (7H23 - R$ bi)

Auto

Grupo Porto		8.7	27.2%
2nd Major	4.3	13.4%
3rd Major	4.0	12.5%
4th Major	3.7	11.6%

5th Major

3.1 9.8%

6th Major

2.2 6.9%

Porto Consolidated Indicators - Auto

2			Written Premium (R$ bi)					2				Earned Premium (R$ bi)
	1.09 1.32 1.11	1.33	1.33	1.36					1.57								1.30
1.21	1.32		1.28		1.23 1.12	1.25	1.22	1.25	1.28	1.07	1.07	1.13	1.11	1.22
		1.07					1.41	1.17				0.92						1.06
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											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	22.9	22.8	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
52.1				55.6	58.6	53.4	58.4	20			21.7	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		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		jul/23	jul/22	Var.% vs.	7M23	7M22	Var.% vs.		jul/23	jul/22	Var.% vs.	7M23	7M22	Var.% vs.
	jul/22	7M22		jul/22	7M22
Porto	0.94	0.84	12.5%	6.01	4.99	20.5%	0.90	0.71	25.8%	5.90	4.43	33.2%
Azul	0.41	0.38	7.9%	2.74	2.46	11.1%	0.41	0.35	16.2%	2.74	2.25	21.7%
Total Porto Group		1.36	1.22	11.0%	8.75	7.45	17.4%		1.30	1.06	22.7%	8.64	6.68	29.4%
Total Porto Group	3.64	3.39	7.3%	23.45	20.20	16.1%	3.40	2.77	23.0%	22.66	17.45	29.9%
Total Market		5.00	4.61	8.3%	32.20	27.65	16.5%		4.71	3.83	22.9%	31.30	24.13	29.7%
EXPENSES				Loss Ratio						Commission Ratio
AUTO INSURANCE		jul/23	jul/22	Var.% vs.	7M23	7M22	Var.% vs.		jul/23	jul/22	Var.% vs.	7M23	7M22	Var.% vs.
	jul/22	7M22		jul/22	7M22
Porto	52.4%	66.4%	-13.9 p.p.	56.1%	62.6%	-6.4 p.p.	19.9%	22.7%	-2.8 p.p.	20.5%	22.7%	-2.1 p.p.
Azul	55.9%	69.7%	-13.8 p.p.	59.3%	74.1%	-14.8 p.p.	19.0%	21.3%	-2.3 p.p.	19.2%	21.6%	-2.4 p.p.
Total Porto Group		53.5%	64.8%	-11.3 p.p.	57.2%	66.6%	-9.4 p.p.		19.6%	21.9%	-2.3 p.p.	20.1%	21.2%	-1.1 p.p.
Total Porto Group	55.9%	68.9%	-13.0 p.p.	596%	75.4%	-15.7 p.p.	18.2%	18.8%	-0.6 p.p.	18.0%	19.6%	-1.6 p.p.
Total Market		55.2%	67.8%	-12.5 p.p.	59.0%	73.0%	-14.0 p.p.		18.6%	19.6%	-1.1 p.p.	18.6%	20.1%	-1.4 p.p.

Monthly Sectorial Report - SUSEP

J U L Y / 2 0 2 3
													P&C + Cargo
				0,19	0,23			0,20		0,19	0,21	0,20	0,21	0,21	0,20	0,22	0,22	0,19		0,24		0,24	0,24	0,23
0,180,17	0,18								0,20
0,17			0,17									0,18
	0,16		0,15											0,20		0,20	0,21
																		0,20		0,20	0,20
																0,19	0,19	0,19
					0,17			0,18	0,17	0,17		0,18	0,18	0,18	0,18	0,18
			0,16		0,17
0,16	0,16	0,16	0,16	0,16
jul/21	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	abr/23	mai/23	jun/23	jul/23
50						43,2								40,1	44,2						48,3
			36,1		35,8	36,9		39,5		36,8				36,7	39,7	41,3				38,9
						33,4		35,1
28,7	30,0 29,4	31,9	29,8							31,5				33,8	33,4	31,7
									26,8
20	27,1	30,6	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
24,5
10
0
jul/21	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	abr/23	mai/23	jun/23	jul/23

															Life
															0,12							0,13		0,14	0,13	0,14
											0,12						0,12				0,12
											0,11	0,11
												0,11	0,11		0,11
									0,11					0,11
																	0,10
																						0,12		0,12
0,10 0,09
		0,09																		0,11
0,09		0,09	0,09	0,09											0,11	0,11		0,11
		0,08			0,08	0,10			0,10		0,10	0,10	0,10	0,10			0,10
					0,09			0,10			0,10
0,08										0,09
0,08	0,08	0,08	0,09	0,09		0,08		0,09
jul/21	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	abr/23	mai/23	jun/23	jul/23
61,9
46,4				42,0			42,0	42,6	37,6			41,6		39,8
							32,7		35,6	32,0	32,5		36,7	34,0				35,5		34,5
	30,7		29,0										33,7
		25,1								17,4		27,4	29,0
30		18,0													24,7
30,3		32,3	31,0				31,9			34,8	30,4		31,6		31,5		32,0				30,6	33,1	30,4
30,4	30,3	29,5	29,0		29,1	28,6	28,1		30,1	29,8	26,8	27,0	30,2	30,1
0
jul/21	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	abr/23	mai/23	jun/23	jul/23

Written Premium (R$ bi)

Earned Premium (R$ bi)

Loss Ratio

Commission

Written Premium (R$ bi)

Earned Premium (R$ bi)

Loss Ratio

Commission

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)