Porto Seguro S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 03, 2021 at 05:44 am EDT
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Porto Seguro S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was BRL 4,838.283 million compared to BRL 4,567.920 million a year ago. Operating income was BRL 495.817 million compared to BRL 377.643 million a year ago. Net income was BRL 294.669 million compared to BRL 226.525 million a year ago.
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.
PORTO SEGURO S.A. 
