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Porto Seguro: improvement of 6.2 pp in the combined index Luana Pavani, do Estadão Content
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July 30, 2018, 2:15 pm
São Paulo – A Porto Seguro presented a net profit in the criterion of the combination of companies – which takes into account the value of all intangible badets (brand, distribution channel) of the partnership with Itaú Unibanco – of 333.1 million R $, an increase of 41.3% in the second quarter of this year compared to the same period in 2017.
Return on equity (ROAE) in the same criterion increased by 4.3 percentage points (pp) to 17.6%. is 4.7 pp, at 19.7%.
The insurer reports that total premiums earned rose 6.7% to R $ 3.777 billion in the second quarter. Total income, in turn, was R $ 4.499 billion, an increase of 8.1% over the second quarter of 2017.
The combined index of insurance was 91 , 4%, a decrease of 6.2 points, while the combined combined index (including the financial result) was 6.1 percentage points lower than the same period last year, at 86 , 9%, which, according to the direction of the insurance company, is the best performance of the past seven years [19659009] The 6.2pp improvement in the combined index, of April to June, resulted in a 4% increase in operating income, overcoming the decline in interest rates, "a consequence of our discipline in price reorganization, improvement in underwriting risks and increasing operational efficiency ", indicates the message from management in the accompanying report
The ratio of loss ratio stood at 50.2%, down 4.8 pp. , Or 8% less, to 168.1 million reais, which the company allocates (java.lang.edu), which is the smallest CDI of the period (-39%).
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