Porto Seguro (BSP:PSSA3) Tax Rate % : 35.92% (As of Mar. 2024)

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What is Porto Seguro Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Porto Seguro's Tax Expense for the three months ended in Mar. 2024 was R$371 Mil. Porto Seguro's Pre-Tax Income for the three months ended in Mar. 2024 was R$1,033 Mil. Therefore, Porto Seguro's Tax Rate % for the quarter that ended in Mar. 2024 was 35.92%.

Porto Seguro Tax Rate % Historical Data

The historical data trend for Porto Seguro's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Porto Seguro Tax Rate % Chart

Porto Seguro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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31.96

35.20

9.99

12.49

34.66

Porto Seguro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															40.61	24.95	39.65	35.58	35.92

Porto Seguro Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Porto Seguro's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1228.174	/	3543.031
	=	34.66 %

Porto Seguro's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	370.934	/	1032.568
	=	35.92 %

Porto Seguro Tax Rate % Related Terms

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Porto Seguro (BSP:PSSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Porto Seguro SA (BSP:PSSA3) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

Alameda Barao de Piracicaba, No. 740, Bloco B (Edifício Rosa Garfinkel) – 11th Floor, Campos Eliseos, Sao Paulo, SP, BRA

Website

https://www.portoseguro.com.br

Porto Seguro SA is one of Brazil's largest diversified insurance companies that cover vehicles and residential homes. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. Porto Seguro has also implemented credit card and mobile products. The company aims to provide products that meet several market segments' needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros. Porto Seguro's operating structure is split between brokers, service providers, automotive centers, and branches.

Porto Seguro (BSP:PSSA3) Headlines

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