Below are the financial statements of Porto Seguro, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of BRL | 2024 | 2023 |
|---|---|---|
| Revenues | — | — |
| Revenue from insurance contract | 28,363.06a | 26,352.31a |
| Revenue from loan operations | 3,701.02a | 3,316.04a |
| Revenue from services rendered | 3,084.12a | 2,646.65a |
| Revenue from special savings bonds | 95.27a | 80.09a |
| Other operating revenues | 218.48a | 210.47a |
| Equity in net income of subsidiaries | 33.28a | -8.01a |
| Total revenues | 35,495.22a | 32,597.54a |
| Expenses | — | — |
| Insurance contract expense | -21,614.39a | -20,017.66a |
| Net expense with reinsurance/retrocession contracts | -56.04a | -73.07a |
| Acquisition costs - other | -773.61a | -476.67a |
| Administrative expenses | -5,322.7a | -4,662.14a |
| Tax expenses | -1,068.91a | -980.75a |
| Cost of services rendered | -241.06a | -284.19a |
| Other operating expenses | -3,319.02a | -3,296.37a |
| Total expenses | -32,395.73a | -29,790.85a |
| Operating income before financial result | 3,099.49a | 2,806.69a |
| Financial revenue | 1,669.54a | 2,040.21a |
| Financial expense | -824.46a | -1,303.87a |
| Operating income | 3,944.57a | 3,543.03a |
| Income before income tax and social contribution | 3,944.57a | 3,543.03a |
| Income tax and social contribution | -1,253.78a | -1,228.17a |
| Current | -1,332.39a | -1,111.49a |
| Deferred | -78.6a | -116.69a |
| Net income for the year | 2,690.78a | 2,314.86a |
| Attributable to | — | — |
| Company's shareholders | 2,644.85a | 2,266.15a |
| Effect of non-controlling shareholders in subsidiaries | 45.94a | 48.71a |
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