Business
Porto Seguro S A : Transcript of Earnings Conference Call 1T26
Porto Seguro S A : Transcript of Earnings Conference Call
About this update from Porto Seguro S.a.
Operator: Good morning, and welcome to the 1Q26 earnings call for Porto Seguro. This presentation is being recorded and simultaneously translated into English. Slides are available for download on our Company's website. For English, please click on the 'interpretation' button on the bottom right side of your Zoom application and choose audio in English. For those listening to the conference call in English, there's an option to mute the original audio in Portuguese by clicking on 'mute original audio'. After the Company's presentation, we will begin the questions and answer session. Please send us your name and the Company you are representing through the Q&A button at the lower part of the screen. Your name will be called and your question will then be asked. You will get a request to turn on your microphone. And if you would not like to use it, please write 'no microphone' at the end of your question so that we can read it for you. Any statements made during this conference call about the Company's business and operational and financial goals are based on the Company's assumptions and beliefs and on information currently available. Remarks about the future are not a guarantee of performance. They involve risks, uncertainties and assumptions because they refer to future events which therefore depend on circumstances that may or may not occur. Investors should understand that the general economic conditions, industry conditions, and other operational factors can affect the Company's future performance and lead to results that will differ materially from those expressed in these forward-looking statements. Now, I would like to invite the executives from Porto to begin their presentation. Paulo Kakinoff: Hello, good morning everyone. It's a pleasure to be here with you this morning to present the results for the 1Q26. I have our CFO Celso Damadi, our Investor Relations Officer, Domingos Falavina, and the CEOs of our verticals and the head of Porto Asset. We have started this year with a consistent growth trajectory. This is the fifth quarter in a row in which we are expanding by double digit. Our diversification level resulted in over half of our results being generated by the bank, health and services verticals. Another highlight was our insurance performance, which grew 48% keeping its ROAE above 30% for the fourth quarter in a row. Our digitalization...