Porto Seguro S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 03, 2020 at 06:30 am EST
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Porto Seguro S.A. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was BRL 4,797.404 million compared to BRL 4,601.242 million a year ago. Operating income was BRL 668.811 million compared to BRL 502.791 million a year ago. Net income was BRL 399.584 million compared to BRL 333.344 million a year ago. For the nine months, total revenue was BRL 13,553.951 million compared to BRL 13,349.022 million a year ago. Operating income was BRL 2,034.608 million compared to BRL 1,502.868 million a year ago. Net income was BRL 1,280.922 million compared to BRL 1,010.044 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. 
