May 2026
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Largest Insurance Carriers Public Companies in Brazil
Benchmark revenue and EBITDA valuation multiples for public comps like
BB Seguros, CAIXA Seguridade, Porto and Hapvida.
 | BB Seguridade Participacoes SA is a diversified insurance company that operates two segments: insurance and brokerage. The revenue generation is mostly split between these two segments. Its insurance segment focuses on life, property, vehicle, and special-risk insurance. It also provides capitalization plans as well as reinsurance. The company's brokerage segment operates the facilitation of business insurance and reinsurance. BB Seguridade generates its maximum revenue from Insurance Segment. The company considers mergers and acquisitions as a component of its operational growth plan. | $7 | -5% | $13B | $13B | 6.8x | 3.8x | ||
| Caixa Seguridade Participacoes SA is engaged in the structuring and marketing of a broad range of insurance products, private pension plans, and premium bonds, management, marketing, and offering of private medical and dental care plans, rendering of brokerage services for these products, It has three operating segments; Run-off / Open sea (insurance businesses), Insurance (investment in insurance businesses established as a result of the competitive process of choosing strategic partners to operate the CAIXA branch) and Distribution (businesses related to the management of access to the distribution network and use of the CAIXA brand and the brokerage and intermediation of insurance products). | $3 | +20% | $10B | $10B | 9.3x | 11.1x | ||
| Porto Seguro SA is one of Brazil's diversified insurance companies that cover vehicles and residential homes. The company operates in many verticals like Insurance, bank, services and other business activities. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. The company aims to provide products that meet several market needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros and many others. | $10 | -3% | $6B | $6B | 0.7x | 8.3x | ||
| Hapvida Participacoes Investimento SA is the medical-hospital and dental care company. The company and its subsidiaries are mainly engaged in the sale of health insurance plans and delivering the majority of medical assistance at its own hospitals, clinics, imaging diagnostics and laboratories; and the sale of dental insurance plans for services provided by an accredited network. | $2 | -70% | $1B | $3B | 0.4x | 3.4x | ||
| Median | $5 | -4% | $8B | $8B | 3.7x | 6.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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