Porto Seguro S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023
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Porto Seguro S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was BRL 7,838.63 million compared to BRL 6,816.61 million a year ago. Net income was BRL 705.56 million compared to BRL 131.39 million a year ago. Basic earnings per share from continuing operations was BRL 1.09042 compared to BRL 0.20398 a year ago.
For the six months, revenue was BRL 15,329.7 million compared to BRL 12,667.64 million a year ago. Net income was BRL 1,038.36 million compared to BRL 306.5 million a year ago. Basic earnings per share from continuing operations was BRL 1.60475 compared to BRL 0.47582 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. 
