Porto Seguro SA
(PSSA3:Sao Paulo Stock Exchange)
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Market Cap
2.5B
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Total Revenue
6.5B
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EBITDA
681.4M
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DILUTED EPS TTM
1.26
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P/E
15.4x
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P/S
0.7x
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Return On Asset
4.52
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Return On Equity
13.81
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| K = Thousands M = Millions B = Billions | ||
PSSA3 Details
Porto Seguro S.A., through its subsidiaries, provides various insurance products and services. The company offers automobiles, health, assets, personal accidents, life and pension, and transport insurance products. It sells its products to individuals, families, companies, and governmental agencies in Brazil and Uruguay. The company was founded in 1945 and is headquartered in Sao Paulo, Brazil.
Key developments for Porto Seguro SA (PSSA3)
Porto Seguro SA announced earnings results for the third quarter of 2009. The company reported earnings of BRL 73.3 million ($43.0 million), slipping 2.3% from third quarter 2008, as underwriting took a hit in July. In its financial results, the company pointed to the increase in the overall loss ratio to 58.4% in third quarter 2009 from 54.8% in third quarter 2008, as well as a 2.2% decline in financial income due to mark-to-market accounting on fixed-income investments.
Itaú Unibanco Holding SA and Porto Seguro SA expect to launch a new insurance joint-venture. The deal needs approval from shareholders, insurance regulator Susep and Brazilian antitrust regulator SBDC. Itaú Unibanco will transfer all of its current relevant insurance business to the new entity in return for a 30% stake.
Porto Seguro Uruguay reported earnings results first half year of 2009. For the period, the company reported UYU 41.9 million ($1.87 million) profit compared to a UYU 12.3 million loss in the same period 2008. Porto Seguro Uruguay narrowed operating losses to UYU 6.20 million from UYU 40.5 million in the year-ago period.
Stock Quotes
| Recently Viewed | |||
| CAG | $22.58 USD | +0.23 | |
|---|---|---|---|
| LTBG (DE) | €3.70 EUR | +0.23 | |
| VEL (GB) | 190.00 GBX | +7.00 | |
| TFSL | $11.18 USD | +0.12 | |
| FNT (AU) | A$0.03 AUD | +0.004 | |
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PSSA3 Competitors
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| View Industry Companies | ||
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Industry Analysis
| Valuation | PSSA3 | Industry Range |
| Price/Earnings | 15.4x |
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| Price/Sales | 0.7x |
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| Price/Book | 2.1x |
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| Price/Cash Flow | 15.5x |
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| TEV/Sales | 0.0x |
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PSSA3 |
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PSSA3 transactions
| Type Date |
Target |
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Merger/Acquisition
August 23, 2009 |
Itaú Unibanco Holding SA, Residence and Automobile Insurance Operations |
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