Tranche Update on Porto Seguro S.A.'s Equity Buyback Plan announced on January 31, 2018.
February 15, 2019 at 06:20 pm EST
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From April 1, 2018 to June 30, 2018, the company has repurchased 0 shares, representing 0% for BRL 0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for BRL 0 million under the buyback announced on January 31, 2018.
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.