A Porto End the first quarter of this year A frequent net profit 832 million dollars, which represents 28 % growth compared to the same period last year. With the exception of Porto Segoro, all business units in the group were discharged into the results.
In insurance, net income decreased by 21 % in one year, compared to RCNN Brazil 313.4 million dollars. According to the company, the car insurance demand affected the result.
Unit revenues and prizes increased by 6 % in one year to $ 5.4 billion, with life insurance (+16 %) and shares (+10 %) withdraw the results.
In cars, the main business line, the prizes grew by 4 %. The insurance accident increased 2.5 degrees Celsius in one year, due to the high frequency of car events and a low comparison base, with a historically low index at the beginning of last year.
Decrease in the results of Porto Segoro and the progress of other units that have been reduced from 57 % to 42 % insurance sharing in Porto results. Porto Bank went from 21 % to 26 % of profit, while Porto Sidi has passed from 15 % to 24 %, Porto service, from 6 % to 7 %.
Porto Equity (ROE) in Porto reached 23.8 % in a quarter, with all units with profitability exceeding 22 %.
The financial result increased by 68 % in one year to $ 383 million, thanks to the largest IPCA, which benefited from NTN-BS held by the company, and the performance of IBovespa.
Units
In health, the number of beneficiaries of health insurance increased by 25 % in one year to 702,000, while in Odonto, the increase was 27 % to a million people.
Revenue increased by 35 % to two billion dollars, while the joint index, which measures the amount of revenues that are consumed by expenditures and claims, decreased 4 percent to 84 %.
Porto Bank has achieved revenues of $ 1.7 billion in the first quarter, an increase of 29 %, by the Federation, which grew 36 %; Cards, financing and loans, with 49 % offering; And drawing, with 21 % increase in revenue.
The default decreased for more than 90 days 0.5 ° C in one year to 6 %.
In services, the latest business unit in the group, revenue increased by 9 % in one year to $ 671 million. According to Porto, sales of final consumers and strategic partnerships are already 25 % of the revenues together.
Ifood detection is an increase in the minimum delivery value from June
