Brazil’s Porto’s Profit Soars by 90.2% in First Quarter

Porto, formerly Porto Seguro, reported a net profit of R$ 651 million ($126.3 million) for the first quarter. This marked a 90.2% increase from the same period in 2023. The company’s profit surge highlights its influence in the Brazilian insurance market. Porto’s total revenue rose by 14.2% to R$ 8.6 billion ($1.67 billion). Growth in […]

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