Porto Seguro S A : Monthly Sectorial Report May/23

Monthly Sectorial Report - SUSEP

M A Y / 2 0 2 3

Highlights

• +11.5% in Porto's premiums (May/23 vs. May/22) vs. +14.6% of market (Ex-Porto).
• Improvement of 15.5 p.p. in Porto's Auto loss ratio in May/23 (vs. May/22).
• P&C + Cargo: +26.6% in premium (vs. May/22) and loss ratio of 33.4% em May/23.
• Life: +17.5% in premiums (vs. May/22) and loss ratio of 35.5% in May/23.

Market Share (%) andPremiums (5M23 - R$ bi)

Auto

Porto Group		6.1	27.1
2nd Major	3.0	13.3
3rd Major	2.8	12.4
4th Major	2.6	11.7
5th Major	2.2	9.9

6th Major

1.6 7.0

2

Written Premium - Auto (R$ bi)

2

Earned Premium - Auto (R$ bi)

		1.32		1.33								1.57
1.21 1.09	1.11	1.22	1.41	1.32		1.28
			1.17
0.88		1.07		1.17							1.18
0.90		1.19
	0.89	1.01			0.93	0.98	0.93		1.03
	0.77	0.83	0.86	0.86
0.78		0.79

0Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

1.12	1.25	1.22 1.25
1.23		0.97	1.06	1.07	1.07	1.13	1.11	1.22

0.92 0.84 0.96 0.93 0.99

0.83 0.77 0.83 0.82 0.85 0.84 0.87 0.88 0.86 0.90 0.88 0.91 0Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

			Loss Ratio* - Auto (%)			2021			Commission - Auto (%)
					2022
					70.0							2023
69.4	67.3	59.1	66.4	66.2	67.7	68.0	65.6	63.3	63.6	70	30
90
59.0	64.7	61.0	57.8						55.460	24.7	24.3	24.9	24.6	23.8	24.1	23.8	22.9	22.8	22.7	22.3	23.0
					64.2	50	22.8	22.0	22.2	22.2
			50.7								21.7
51.9	52.1				55.6	58.6	53.4	58.4	62.2 40	20			22.9	22.2	21.7	22.0	21.4	20.8
	46.7	46.0						30								20.0
		42.3	43.6						21.0			19.8	20.0	19.9
								20	20.3
											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		may/23	may/22	Var.% vs.	5M23	5M22	Var.% vs.		may/23	may/22	Var.% vs.	5M23	5M22	Var.% vs.
	may/22	5M22		may/22	5M22
Porto	0.91	0.79	15.1%	4.13	3.35	23.2%	0.84	0.66	28.1%	4.12	3.08	34.0%
Azul	0.42	0.40	4.4%	1.94	1.71	13.1%	0.40	0.33	20.8%	1.94	1.57	23.7%
Total Porto Group		1.33	1.19	11.5%	6.06	5.06	19.8%		1.25	0.99	25.6%	6.06	4.65	30.5%
Market Ex-Porto	3.50	3.06	14.6%	16.31	13.60	19.9%	3.36	2.60	29.2%	15.99	12.09	32.3%
Total Market		4.84	425	13.7%	22.37	18.66	19.9%		4.61	3.59	28.2%	22.05	16.73	31.8%
EXPENSES				Loss Ratio						Commission Ratio
AUTO INSURANCE		may/23	may/22	Var.% vs.	5M23	5M22	Var.% vs.		may/23	may/22	Var.% vs.	5M23	5M22	Var.% vs.
	may/22	5M22		may/22	5M22
Porto	57.4%	60.9%	-3.5 p.p.	57.6%	61.1%	-3.5 p.p.	20.5%	22.0%	-1.6 p.p.	20.7%	22.5%	-1.8 p.p.
Azul	59.0%	75.6%	-16.7 p.p.	60.6%	74.3%	-13.8 p.p.	18.8%	21.0%	-2.2 p.p.	19.2%	21.5%	-2.3 p.p.
Total Porto Group		57.8%	66.2%	-15.5 p.p.	58.6%	65.6%	-7.0 p.p.		19.9%	21.7%	-1.8 p.p.	20.2%	22.2%	-2.0 p.p.
Market Ex-Porto	60.8%	78.4%	-17.7 p.p.	60.7%	77.6%	-16.9 p.p.	17.7%	18/9%	-1.1 p.p.	18.0%	19.4%	-1.4 p.p.
Total Market		60.0%	75.1%	-15.1 p.p.	60.1%	74.3%	-14.1 p.p.		18.3%	19.7%	-1.3 p.p.	18.6%	20.2%	-1.6 p.p.

Monthly Sectorial Report - SUSEP
M A Y / 2 0 2 3
													P&C + Cargo
								0.23			0.20			0.21		0.21	0.21	0.20	0.22	0.22			0.24		0.24
					0.18		0.19					0.19	0.20			0.19	0.20
			0.18	0.17	0.17			0.17									0.18
0.14				0.16
0.15				0.15
															0.19	0.20		0.20	0.20	0.20
								0.17	0.17		0.18	0.17	0.17		0.18	0.18	0.18	0.18	0.19	0.19	0.18	Written Premium
0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.16								(R$ bi)
																		Earned Premium
																											(R$ bi)
may/21	jun/21	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	apr/23	may/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
									33.4	35.1
30.2 29.8			29.4	31.9	29.8						31.5				33.8	33.4
	27.1										26.8
24.5
30
					31.6
20 29.0	29.6	28.7	30.0	30.6	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
10																											Loss Ratio
0																											Commission
may/21	jun/21	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	apr/23	may23
															Life
																	0.12							0.13		0.14
													0.12	0.11	0.11			0.12	0.11			0.12
											0.11			0.11	0.11		0.11	0.10
			0.10
0.09			0.09			0.09
0.09	0.09		0.09	0.09	0.09														0.11		0.12	Written Premium
	0.08		0.08									0.11	0.11		0.11
										0.10	0.10			0.10	0.10	0.10	0.10	0.10	0.10			(R$ bi)
							0.09		0.09				0.09						Earned Premium
			0.08	0.08		0.08	0.09	0.08		0.09
0.08		0.08
0.08																	(R$ bi)
may/21	jun/21	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	apr/23	may/23

77.1	72.3
80			61.9																						Loss Ratio
70
			46.4				42.0		42.0	42.6	37.6	41.6	35.6	39.8				36.7					Commission
												34.0				35.5
				30.7		29.0	25.1			32.7		32.0	32.5	17.4		33.7	27.4
30					18.0												24.7
					32.3				31.9		34.8			31.6		31.5		32.0
29.1		30.1	30.4	30.3	30.3	29.5	29.0	31.0	29.1	28.6	28.1	30.4	30.1	29.8	26.8	27.0	30.2	30.1	30.6
0
may/21	jun/21	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	apr/23	may/23

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)