Porto Seguro S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 08, 2021 at 06:38 am EST
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Porto Seguro S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was BRL 5,252.972 million compared to BRL 4,913.002 million a year ago. Operating income was BRL 570.620 million compared to BRL 524.188 million a year ago. Net income was BRL 407.269 million compared to BRL 369.039 million a year ago. For the full year, operating income was BRL 2,605.228 million compared to BRL 2,027.056 million a year ago. Net income was BRL 1,688.191 million compared to BRL 1,379.083 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. 
