In brief

PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ earned R$ 839 million in 3Q26.

PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ Bank credit losses rose 48%.

What we know

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  1. Verified fact · material

    PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ posted net income of R$ 839 million in 3Q26 and recurring profit of R$ 713 million.

    Profit.

  2. Verified fact · material

    PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ Bank credit losses reached R$ 843 million in 3Q26, up 48% in a year.

    Credit.

    Sources[02][03]
  3. Verified fact

    According to InfoMoney, recurring profit fell 20% in a year and 14% from the prior quarter.

    Recurring.

    Sources[01]
  4. Verified fact

    According to InfoMoney, PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ Bank 2026 credit loss guidance rose to R$ 3.4 billion to R$ 3.8 billion.

    Guidance.

    Sources[01]

Transmission to assets

Market read-through

Rising PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ Bank losses weigh more than the insurer stable profit.

Portfolio impact

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PSSA3negative

Higher credit losses.

Defaults ease.

What would change the view: Defaults rise.

direct15% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • PortoPorto SeguroOrganizationLargest insurer listed on B3, as PSSA3, with auto, health and life insurance and financial services.Open in the Market Map ↗ Bank delinquencyCredit StressThemeBrazil's corporate and consumer credit deterioration cycle, measured by delinquency, reorganization filings and lending conditions.Open in the Market Map ↗
  • 2027 guidance

Limits of the reporting

What remains uncertain

  • Sources use different bases for the recurring decline.

Full sources

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