Porto Seguro S.A. (BVMF: PSSA3)

Porto Seguro Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	28,175	26,352	21,431	17,737	15,797	15,529
Total Interest & Dividend Income	2,124	2,117	1,467	1,618	1,950	1,785
Gain (Loss) on Sale of Investments	59.99	59.99	-	-	-	-
Non-Insurance Activities Revenue	6,297	5,963	4,916	3,429	2,844	2,502
Other Revenue	108.99	93.97	54.16	100.58	119.46	-
Total Revenue	36,765	34,586	27,868	22,885	20,710	19,816
Revenue Growth (YoY)	22.17%	24.10%	21.78%	10.50%	4.51%	2.42%
Policy Benefits	21,365	20,091	17,819	10,125	7,907	8,564
Policy Acquisition & Underwriting Costs	-	-	-	3,698	3,475	3,347
Selling, General & Administrative	4,964	4,662	3,960	3,602	3,159	3,083
Non-Insurance Activities Expense	266.88	284.19	302.4	187.2	168.37	197.66
Other Operating Expenses	4,858	4,754	3,682	2,742	2,483	1,922
Total Operating Expenses	31,454	29,791	25,764	20,355	17,193	17,115
Operating Income	5,311	4,795	2,104	2,530	3,516	2,701
Interest Expense	-224.77	-316.94	-333.62	-93.41	-122.9	-75.12
Currency Exchange Gain (Loss)	11.99	3.17	30.59	-	-	-
Other Non Operating Income (Expenses)	-1,180	-986.94	-612.09	-996.67	-855.88	-625.09
EBT Excluding Unusual Items	3,918	3,495	1,189	1,440	2,538	2,001
Gain (Loss) on Sale of Assets	29.24	48.5	133.49	275.42	67.5	25.93
Pretax Income	3,947	3,543	1,323	1,716	2,605	2,027
Income Tax Expense	1,425	1,228	165.26	171.49	917.01	647.95
Earnings From Continuing Ops.	2,522	2,315	1,157	1,544	1,688	1,379
Minority Interest in Earnings	-39.75	-48.71	-17.44	-0.01	-0.03	-0.03
Net Income	2,483	2,266	1,140	1,544	1,688	1,379
Net Income to Common	2,483	2,266	1,140	1,544	1,688	1,379
Net Income Growth	34.06%	98.79%	-26.18%	-8.53%	22.41%	5.22%
Shares Outstanding (Basic)	648	647	644	644	649	646
Shares Outstanding (Diluted)	648	647	644	644	649	646
Shares Change (YoY)	0.36%	0.45%	0.02%	-0.74%	0.41%	-0.16%
EPS (Basic)	3.83	3.50	1.77	2.40	2.60	2.13
EPS (Diluted)	3.83	3.50	1.77	2.40	2.60	2.13
EPS Growth	33.59%	97.90%	-26.20%	-7.85%	21.91%	5.39%
Free Cash Flow	912.29	-59.06	2,001	1,076	1,069	950.72
Free Cash Flow Per Share	1.41	-0.09	3.11	1.67	1.65	1.47
Dividend Per Share	-	-	-	0.977	-	1.061
Dividend Growth	-	-	-	-	-	-46.32%
Operating Margin	14.45%	13.86%	7.55%	11.06%	16.98%	13.63%
Profit Margin	6.75%	6.55%	4.09%	6.75%	8.15%	6.96%
Free Cash Flow Margin	2.48%	-0.17%	7.18%	4.70%	5.16%	4.80%
EBITDA	5,434	5,024	2,389	2,761	3,744	2,939
EBITDA Margin	14.78%	14.53%	8.57%	12.06%	18.08%	14.83%
D&A For EBITDA	122.24	229.17	284.25	230.31	227.89	237.36
EBIT	5,311	4,795	2,104	2,530	3,516	2,701
EBIT Margin	14.45%	13.86%	7.55%	11.06%	16.98%	13.63%
Effective Tax Rate	36.10%	34.66%	12.49%	9.99%	35.20%	31.96%
Revenue as Reported	34,757	32,598	26,603	21,602	18,877	18,077

Source: S&P Capital IQ. Insurance template. Financial Sources.