The forward-looking statements in the conference call are based on the beliefs and assumptions of Porto Seguro's management, and on currently available information.
It involves risks, uncertainties and assumptions related to future events and therefore depend on circumstances that may or may not occur in the time ahead.
Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Porto Seguro and cause results to differ materially from those expressed in such forward-looking statements.
2
Agenda
Executive Summary
Consolidated Revenues and Profitability
Insurance Vertical
Healthcare Vertical
Financial Businesses Vertical
Services Vertical
Financial Investment Results
ESG - Environmental, Social and Governance Factors
EARNINGS RELEASE
CALL - 1Q21
3
Executive Summary 1Q21
Increase in recurring¹ quarterly net income of 49.0% (vs. 1Q20)
Revenue growth in all verticals (Insurance, Financial Business, Healthcare and Services)
Loss ratio falling for the 5th consecutive quarter (50.5% in 1Q21 vs. 52.6% in 1Q20)
EARNINGS RELEASE
CALL - 1Q21
Improvement in the recurring2 G&A and O.E. ratios, reflecting the efficiency increase (15.3% in 1Q21 vs. 15.6% in 1Q20)
Credit Operations Default Ratio favorable and below the average of the national financial system (4.0% vs. 4.2% of the market average)
High return on financial investments3 in the quarter (2.4%, which is equal to 488% of CDI)
Comfortable cash availability (excess capital of R$ 2.8 billion at the end of Mar/21)
Advances in all elements of ESG
New initiatives: Bllu, Tech Fácil, agreement with Pet Love and creation of a SuperApp
1 Excluding the result of the sale of the Residential Monitored Alarms portfolio in 1Q20, without Business Combination
4
2 Excluding non-recurring expenses with donations and incentives to social programs (including the "Meu Porto Seguro" program) to combat the impacts of the Covid-19 pandemic on society
3 Profitability ex. Pension
Consolidated Revenues
All verticals grew, leading to a 6.8% increase in total revenue (vs. 1Q20)
Revenues by Business Vertical (R$ million)
6.6%
EARNINGS RELEASE
CALL - 1Q21
Total Revenues (R$ million)
6.8%
4,847
4,540
3,182
3,392
7.8%
5.1%
718
774
499
524
11.0%
140
156
Insurance 1
Financial Businesses2
Health 3
Services4
1Q20
1Q21
1 Includes premiums and contributions from Auto, P&C, Live, Pension, Uruguai, Transportation, Rural and Responsibility insurances
Total
2 Includes premiums and revenues from Credit Card and Financing, Financial Risks, Consortium, Asset Management and Capitalization Securities
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3 Includes Corporate Health, Dental Insurance, Medical Services, Ocupational Therapy and Portomed
4 Includes Call Center, "Carro Fácil", Porto.Pet, Porto Faz, Reppara!, Renova, Vechicle Monitoring, among other services
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Porto Seguro SA published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 13:18:08 UTC.
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. 
