Porto Seguro : Investor News – Market Share Out 02M18
September 28, 2018 at 03:12 pm
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Porto Seguro Investors News (55) - Auto Market Share 02M18
Dear Investors,
Recently, the regulatory agency (Susep) has released the Brazilian auto insurance results for February, 2018. Below the top players results:
AUTO - Jan-Feb/18 x Jan-Feb/17
Insurer
Porto Consolidated
28,4%
0,8
13,7%
Porto Seguro + Itaú Auto¹
18,9%
-0,5
7,5%
Mapfre + BB
12,5%
-0,6
5,2%
Bradesco Auto/RE
10,3%
-0,7
3,4%
Tokio Marine
9,9%
1,3
26,5%
Azul Seguros
9,5%
1,3
28,5%
HDI
8,8%
-0,5
4,5%
Sulamérica
8,7%
0,7
20,4%
Liberty
7,3%
0,7
22,5%
Allianz
5,3%
-0,1
8,0%
Marítima Yasuda
2,2%
-1,3
-31,2%
Zurich
1,7%
0,2
29,1%
Market
-
-
10,4%
Market Share Market Share (Var. p.p.) Premiums Growth
Loss Ratio
Loss Ratio (Var. p.p.)
55,7%
-3,7
54,6%
-3,6
71,1%
2,7
64,1%
-1,6
59,1%
-1,3
58,4%
-4,0
72,6%
0,9
62,9%
-5,5
59,4%
-3,5
66,2%
-0,9
66,2%
-0,6
80,9%
8,1
63,1%
-1,8
¹ The Company started in the fourth quarter of 2016 the plan for migrating the auto polices issues from Itaú Auto e Residência to Porto Seguro Cia Company, which is now operating the brands Porto Seguro and Itaú Auto. The migration is going to be done gradually aiming to improve processes and systems synergy preserving both brands.
Kind Regards,
Relação com Investidores / Investor Relations - Tel.: (+55) 11 - 2393-7092 Porto Seguro -http://www.portoseguro.com.br
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Porto Seguro SA published this content on 28 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 September 2018 19:11:02 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.