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v3.19.1

Insurance contracts and private pension (Tables) | 12 Months Ended
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Dec. 31, 2018
Text block1 [abstract] |
Summary of Main Insurance lines |
a) | Indexes
|  | Sales ratio |  |  | Loss ratio |
|  | % |  |  | % |
Main Insurance Lines |  | 01/01 to 12/31/2018 |  |  | 01/01 to 12/31/2017 |  |  | 01/01 to 12/31/2018 |  |  | 01/01 to 12/31/2017 |
Group accident insurance |  |  | 34.3 |  |  |  | 38.0 |  |  |  | 9.4 |  |  |  | 7.8 |
Individual accident |  |  | 14.1 |  |  |  | 12.5 |  |  |  | 20.8 |  |  |  | 23.5 |
Commercial multiple peril |  |  | 21.1 |  |  |  | 21.2 |  |  |  | 29.3 |  |  |  | 36.4 |
Internal credit |  |  | 0.7 |  |  |  | 0.9 |  |  |  | 134.5 |  |  |  | 139.6 |
Mandatory insurance for personal injury caused by motor vehicles (DPVAT) |  |  | 0 |  |  |  | 1.2 |  |  |  | 0 |  |  |  | 84.5 |
Serious or terminal diseases |  |  | 16.1 |  |  |  | 10.7 |  |  |  | 17.5 |  |  |  | 21.1 |
Extended warranty - assets |  |  | 62.0 |  |  |  | 62.1 |  |  |  | 13.9 |  |  |  | 16.0 |
Credit Life |  |  | 20.4 |  |  |  | 18.7 |  |  |  | 18.3 |  |  |  | 16.9 |
Income from Uncertain Events |  |  | 20.3 |  |  |  | 16.3 |  |  |  | 17.1 |  |  |  | 18.4 |
Multiple risks |  |  | 48.1 |  |  |  | 57.8 |  |  |  | 53.3 |  |  |  | 27.2 |
Home insurance in market policies – Credit Life |  |  | 20.4 |  |  |  | 20.7 |  |  |  | 15.3 |  |  |  | 13.0 |
Group life |  |  | 15.1 |  |  |  | 8.3 |  |  |  | 33.2 |  |  |  | 24.2 |
Summary of Income Related to Insurance and Private Pension | b) Income related to insurance and private pension
Main lines |  | Premiums and contributions |
| 01/01 to 12/31/2018 |  |  | 01/01 to 12/31/2017 |  |  | 01/01 to 12/31/2016 |
Group accident insurance |  |  | 689 |  |  |  | 666 |  |  |  | 776 |
Individual accident |  |  | 280 |  |  |  | 289 |  |  |  | 212 |
Commercial multiple peril |  |  | 52 |  |  |  | 53 |  |  |  | 56 |
Internal Credit |  |  | 78 |  |  |  | 64 |  |  |  | 63 |
Mandatory insurance for personal injury caused by motor vehicles (DPVAT) |  |  | 0 |  |  |  | 24 |  |  |  | 37 |
Serious or terminal diseases |  |  | 188 |  |  |  | 172 |  |  |  | 166 |
Warranty extension - Assets |  |  | 0 |  |  |  | — |  |  |  | 112 |
Disability Savings Pension |  |  | 291 |  |  |  | 319 |  |  |  | 295 |
PGBL |  |  | 2,193 |  |  |  | 2,084 |  |  |  | 1,955 |
Credit Life |  |  | 879 |  |  |  | 621 |  |  |  | 570 |
Income from Uncertain Events |  |  | 235 |  |  |  | 177 |  |  |  | 146 |
Multiple risks |  |  | 209 |  |  |  | 151 |  |  |  | 162 |
Home Insurance in Market Policies – Credit Life |  |  | 288 |  |  |  | 272 |  |  |  | 243 |
Traditional |  |  | 122 |  |  |  | 129 |  |  |  | 142 |
VGBL |  |  | 17,154 |  |  |  | 20,318 |  |  |  | 18,153 |
Group life |  |  | 937 |  |  |  | 990 |  |  |  | 1,234 |
Other lines |  |  | 502 |  |  |  | 547 |  |  |  | 433 |
Total |  |  | 24,097 |  |  |  | 26,876 |  |  |  | 24,755 |
Summary of Changes in Technical Provisions | c) Technical provisions balances
|  | Insurance |  |  | Private Pension |  |  | Total |
|  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2017 |
Unearned premiums (PPNG) |  |  | 2,111 |  |  |  | 1,883 |  |  |  | 13 |  |  |  | 15 |  |  |  | 2,124 |  |  |  | 1,898 |
Mathematical reserve for benefits to be granted (PMBAC) and benefits granted (PMBC) |  |  | 195 |  |  |  | 173 |  |  |  | 195,348 |  |  |  | 175,992 |  |  |  | 195,543 |  |  |  | 176,165 |
Redemptions and Other Unsettled Amounts (PVR) |  |  | 12 |  |  |  | 11 |  |  |  | 298 |  |  |  | 264 |  |  |  | 310 |  |  |  | 275 |
Financial surplus (PEF) |  |  | 2 |  |  |  | 2 |  |  |  | 605 |  |  |  | 604 |  |  |  | 607 |  |  |  | 606 |
Unsettled claims (PSL) |  |  | 548 |  |  |  | 560 |  |  |  | 43 |  |  |  | 34 |  |  |  | 591 |  |  |  | 594 |
Claims / events incurred but not reported (IBNR) |  |  | 348 |  |  |  | 401 |  |  |  | 25 |  |  |  | 27 |  |  |  | 373 |  |  |  | 428 |
Related Expenses (PDR) |  |  | 31 |  |  |  | 28 |  |  |  | 98 |  |  |  | 95 |  |  |  | 129 |  |  |  | 123 |
Other |  |  | 562 |  |  |  | 406 |  |  |  | 948 |  |  |  | 737 |  |  |  | 1,510 |  |  |  | 1,143 |
Total |  |  | 3,809 |  |  |  | 3,464 |  |  |  | 197,378 |  |  |  | 177,768 |  |  |  | 201,187 |  |  |  | 181,232 |
d) Change in technical provisions
|  | 12/31/2018 |  |  | 12/31/2017 |
|  | Insurance |  |  | Private pension |  |  | Total |  |  | Insurance |  |  | Private pension |  |  | Total |
Opening balance |  |  | 3,464 |  |  |  | 177,768 |  |  |  | 181,232 |  |  |  | 3,926 |  |  |  | 150,150 |  |  |  | 154,076 |
(+) Additions arising from premiums / contribution |  |  | 4,340 |  |  |  | 19,764 |  |  |  | 24,104 |  |  |  | 4,059 |  |  |  | 22,854 |  |  |  | 26,913 |
(-) Risk adjustments |  |  | (3,937 | ) |  |  | (297 | ) |  |  | (4,234 | ) |  |  | (4,225 | ) |  |  | (323 | ) |  |  | (4,548 | )
(-) Payment of claims / benefits |  |  | (1,184 | ) |  |  | (580 | ) |  |  | (1,764 | ) |  |  | (1,228 | ) |  |  | (472 | ) |  |  | (1,700 | )
(+) Reported claims |  |  | 1,325 |  |  |  | 0 |  |  |  | 1,325 |  |  |  | 1,291 |  |  |  | — |  |  |  | 1,291 |
(-) Redemptions |  |  | (1 | ) |  |  | (13,771 | ) |  |  | (13,772 | ) |  |  | (2 | ) |  |  | (12,534 | ) |  |  | (12,536 | )
(+/-) Portability of insurances |  |  | 0 |  |  |  | 3,758 |  |  |  | 3,758 |  |  |  | — |  |  |  | 3,436 |  |  |  | 3,436 |
(+) Adjustment of reserves and financial surplus |  |  | 9 |  |  |  | 11,622 |  |  |  | 11,631 |  |  |  | 16 |  |  |  | 7,754 |  |  |  | 7,770 |
(+) Corporate Reorganization |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (282 | ) |  |  | — |  |  |  | (282 | )
(+/-) Other (recognition / reversal) |  |  | (207 | ) |  |  | (886 | ) |  |  | (1,093 | ) |  |  | (91 | ) |  |  | 6,903 |  |  |  | 6,812 |
Closing balance |  |  | 3,809 |  |  |  | 197,378 |  |  |  | 201,187 |  |  |  | 3,464 |  |  |  | 177,768 |  |  |  | 181,232 |
Summary of Deferred Acquisition Costs | V - Deferred acquisition costs They are recorded in assets and charges are shown in the table below:
|  | 12/31/2018 |  |  | 12/31/2017 |
Opening Balance |  |  | 253 |  |  |  | 429 |
Increase |  |  | 1,001 |  |  |  | 772 |
Amortization |  |  | (845 | ) |  |  | (948 | )
Closening Balance |  |  | 409 |  |  |  | 253 |
Balance to be amortized in up to 12 months |  |  | 334 |  |  |  | 209 |
Balance to be amortized after 12 months |  |  | 75 |  |  |  | 44 |
Summary of Claims Development | The amounts shown in the tables express the position at 12/31/2018, since the actuarial calculations are made semi-annually:
Provision for unsettled claims (PSL) (*) |  |  | 591 |
(-) IBNER |  |  | 170 |
(-) Reinsurance |  |  | 35 |
(-) Retrocession and other estimates |  |  | (25 | )
Liability claims presented in the development table (a + b) |  |  | 411 |
(*) | It stated in Note 27lV c at 12/31/2018.
Changes in the amount of obligations of the ITAÚ UNIBANCO HOLDING may occur at the end of each annual reporting period. The table below shows the development by the claims incurred method. The first part of the table shows how the final loss estimate changes through time. The second part of the table reconciles the amounts pending payment and the liability disclosed in the balance sheet. a) Administratives claims
Occurrence date |  | 12/31/2014 |  |  | 12/31/2015 |  |  | 12/31/2016 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | Total |
At the end of reporting period |  |  | 910 |  |  |  | 1,009 |  |  |  | 938 |  |  |  | 934 |  |  |  | 992 |  |  |  |  |
After 1 year |  |  | 935 |  |  |  | 1,054 |  |  |  | 981 |  |  |  | 977 |  |  |  | 0 |  |  |  |  |
After 2 years |  |  | 958 |  |  |  | 1,082 |  |  |  | 1,001 |  |  |  |  |  |  |  | 0 |  |  |  |  |
After 3 years |  |  | 964 |  |  |  | 1,091 |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |
After 4 years |  |  | 967 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |
Current estimate |  |  | 967 |  |  |  | 1,091 |  |  |  | 1,001 |  |  |  | 977 |  |  |  | 992 |  |  |  |  |
Accumulated payments through base date |  |  | 962 |  |  |  | 1,078 |  |  |  | 978 |  |  |  | 956 |  |  |  | 815 |  |  |  | 4,789 |
Liabilities recognized in the balance sheet |  |  | 5 |  |  |  | 13 |  |  |  | 23 |  |  |  | 21 |  |  |  | 178 |  |  |  | 240 |
Liabilities in relation to prior periods |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  | 12 |
Total administratives claims |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  | 252 |
b) Judicial claims
Occurrence date |  | 12/31/2014 |  |  | 12/31/2015 |  |  | 12/31/2016 |  |  | 12/31/2017 |  |  | 12/31/2018 |  |  | Total |
At the end of reporting period |  |  | 27 |  |  |  | 30 |  |  |  | 26 |  |  |  | 28 |  |  |  | 16 |  |  |  |  |
After 1 year |  |  | 37 |  |  |  | 41 |  |  |  | 35 |  |  |  | 40 |  |  |  | 0 |  |  |  |  |
After 2 years |  |  | 46 |  |  |  | 52 |  |  |  | 43 |  |  |  |  |  |  |  | 0 |  |  |  |  |
After 3 years |  |  | 54 |  |  |  | 64 |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |
After 4 years |  |  | 60 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |
Current estimate |  |  | 60 |  |  |  | 64 |  |  |  | 43 |  |  |  | 40 |  |  |  | 16 |  |  |  |  |
Accumulated payments through base date |  |  | 45 |  |  |  | 49 |  |  |  | 34 |  |  |  | 30 |  |  |  | 10 |  |  |  | 168 |
Liabilities recognized in the balance sheet |  |  | 15 |  |  |  | 15 |  |  |  | 10 |  |  |  | 10 |  |  |  | 5 |  |  |  | 55 |
Liabilities in relation to prior periods |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  | 104 |
Total judicial claims |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 |  |  |  | 159 |

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