Porto Seguro S.A.

Porto Seguro Seguros S.A.

Type	Sociedade Anônima
Traded as	BM&F Bovespa: PSSA3
Industry	Financial Services
Founded	1945
Headquarters	São Paulo, Brazil
Key people	Jayme Garfinkel, (CEO)
Products	Insurance & Reinsurance
Revenue	US$ 5.7 billion (2013)
Net income	US$ 594.5 million (2013)
Total assets	US$ 8.6 billion (2013)
Number of employees	13,800 (2013)
Website	www.portoseguro.com.br

Porto Seguro is the third largest insurance company in Brazil, was funded in 1945 and has more than 13.000 employees. The company operates through its subsidiaries in Brazil and in Uruguay. It is headquartered in São Paulo.

The company offers car insurance, residential, health, life, business, consortium also offers auto and homeowners, pension, savings bonds and other financial services. Porto Seguro competes with Bradesco Seguros, BB Seguridade, SulAmérica, Mapfre, Zurich Insurance Group and others insurance and reinsurance companies in Brazil.

Porto Seguro is the leader on the auto and homeowner insurance segments in Brazil and has around 10 million clients all over the different business lines. ^[1]

Currently the company its owned by the Brazilian billionaire Jayme Garfinkel and the bank Itaú Unibanco, through PSIUPAR (Porto Seguro Itaú Unibanco Participações S.A.).

References