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v3.22.1

Insurance contracts and private pension (Tables) | 12 Months Ended
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Dec. 31, 2021
Text Block [Abstract] |
Summary of Main Insurance lines | a) Indexes
|  | Sales ratio % |  |  |  |  |  | Loss ratio % |
Main Insurance Lines |  | 01/01 to 12/31/2021 |  |  | 01/01 to 12/31/2020 |  |  | 01/01 to 12/31/2019 |  |  | 01/01 to 12/31/2021 |  |  | 01/01 to 12/31/2020 |  |  | 01/01 to 12/31/2019 |
Group Accident Insurance |  |  | 31.5 |  |  |  | 33.8 |  |  |  | 35.1 |  |  |  | 14.5 |  |  |  | 11.3 |  |  |  | 6.8 |
Individual Accident Insurance |  |  | 18.7 |  |  |  | 18.8 |  |  |  | 18.8 |  |  |  | 26.7 |  |  |  | 29.4 |  |  |  | 24.1 |
Credit Life Insurance |  |  | 22.9 |  |  |  | 24.2 |  |  |  | 23.7 |  |  |  | 26.1 |  |  |  | 22.3 |  |  |  | 18.0 |
Random Events |  |  | 23.3 |  |  |  | 23.5 |  |  |  | 23.5 |  |  |  | 32.0 |  |  |  | 34.3 |  |  |  | 26.3 |
Multiple Peril |  |  | 43.1 |  |  |  | 44.4 |  |  |  | 46.4 |  |  |  | 24.0 |  |  |  | 52.9 |  |  |  | 60.2 |
Mortagage Insurance in Market Policies – Credit Life Insurance |  |  | 20.3 |  |  |  | 20.4 |  |  |  | 20.0 |  |  |  | 26.5 |  |  |  | 18.5 |  |  |  | 17.3 |
Group Life |  |  | 23.8 |  |  |  | 24.0 |  |  |  | 23.2 |  |  |  | 53.5 |  |  |  | 41.0 |  |  |  | 34.4 |
Summary of Revenue From Insurance and Private Pension | b) Revenues from insurance premiuns and private pension
|  | Premiums and contributions |
Main lines |  | 01/01 to 12/31/2021 |  |  | 01/01 to 12/31/2020 |  |  | 01/01 to 12/31/2019 |
Group Accident Insurance |  |  | 883 |  |  |  | 847 |  |  |  | 867 |
Individual Accident Insurance |  |  | 175 |  |  |  | 187 |  |  |  | 222 |
Disability Savings Pension |  |  | 240 |  |  |  | 258 |  |  |  | 269 |
PGBL |  |  | 2,460 |  |  |  | 2,235 |  |  |  | 2,282 |
Credit Life Insurance |  |  | 1,008 |  |  |  | 624 |  |  |  | 946 |
Random Events |  |  | 192 |  |  |  | 195 |  |  |  | 227 |
Multiple Peril |  |  | 542 |  |  |  | 370 |  |  |  | 290 |
Mortagage Insurance in Market Policies – Credit Life Insurance |  |  | 437 |  |  |  | 339 |  |  |  | 324 |
Traditional |  |  | 128 |  |  |  | 117 |  |  |  | 115 |
VGBL |  |  | 7,054 |  |  |  | 8,022 |  |  |  | 12,335 |
Group Life |  |  | 1,165 |  |  |  | 955 |  |  |  | 947 |
Other lines |  |  | 739 |  |  |  | 655 |  |  |  | 800 |
Total |  |  | 15,023 |  |  |  | 14,804 |  |  |  | 19,624 |
Summary of Changes in Technical Provisions | c) Technical provisions balances
|  | 12/31/2021 |  |  | 12/31/2020 |
|  | Insurance |  |  | Private Pension |  |  | Total |  |  | Insurance |  |  | Private Pension |  |  | Total |
Unearned premiums (PPNG) |  |  | 2,846 |  |  |  | 12 |  |  |  | 2,858 |  |  |  | 2,298 |  |  |  | 12 |  |  |  | 2,310 |
Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) |  |  | 19 |  |  |  | 209,196 |  |  |  | 209,215 |  |  |  | 17 |  |  |  | 215,216 |  |  |  | 215,233 |
Redemptions and Other Unsettled Amounts (PVR) |  |  | 19 |  |  |  | 358 |  |  |  | 377 |  |  |  | 16 |  |  |  | 332 |  |  |  | 348 |
Financial surplus (PEF) |  |  | 1 |  |  |  | 691 |  |  |  | 692 |  |  |  | 2 |  |  |  | 655 |  |  |  | 657 |
Unsettled claims (PSL) |  |  | 506 |  |  |  | 79 |  |  |  | 585 |  |  |  | 515 |  |  |  | 68 |  |  |  | 583 |
Claims / events incurred but not reported (IBNR) |  |  | 334 |  |  |  | 27 |  |  |  | 361 |  |  |  | 294 |  |  |  | 22 |  |  |  | 316 |
Related Expenses (PDR) |  |  | 29 |  |  |  | 65 |  |  |  | 94 |  |  |  | 29 |  |  |  | 88 |  |  |  | 117 |
Other provisions |  |  | 129 |  |  |  | 665 |  |  |  | 794 |  |  |  | 132 |  |  |  | 1,304 |  |  |  | 1,436 |
Total |  |  | 3,883 |  |  |  | 211,093 |  |  |  | 214,976 |  |  |  | 3,303 |  |  |  | 217,697 |  |  |  | 221,000 |
Current |  |  | 3,102 |  |  |  | 541 |  |  |  | 3,643 |  |  |  | 2,537 |  |  |  | 526 |  |  |  | 3,063 |
Non-current |  |  | 781 |  |  |  | 210,552 |  |  |  | 211,333 |  |  |  | 766 |  |  |  | 217,171 |  |  |  | 217,937 |
d) Change in technical provisions
|  | 12/31/2021 |  |  | 12/31/2020 |
|  | Insurance |  |  | Private pension |  |  | Total |  |  | Insurance |  |  | Private pension |  |  | Total |
Opening balance - 01/01 |  |  | 3,303 |  |  |  | 217,697 |  |  |  | 221,000 |  |  |  | 3,688 |  |  |  | 214,646 |  |  |  | 218,334 |
(+) Additions arising from premiums / contributions |  |  | 5,106 |  |  |  | 9,676 |  |  |  | 14,782 |  |  |  | 4,176 |  |  |  | 10,389 |  |  |  | 14,565 |
(-) Deferral due to elapsed risk |  |  | (4,563 | ) |  |  | — |  |  |  | (4,563 | ) |  |  | (4,221 | ) |  |  | — |  |  |  | (4,221 | )
(-) Payment of claims / benefits |  |  | (1,598 | ) |  |  | (373 | ) |  |  | (1,971 | ) |  |  | (1,263 | ) |  |  | (364 | ) |  |  | (1,627 | )
(+) Reported claims |  |  | 1,534 |  |  |  | — |  |  |  | 1,534 |  |  |  | 1,322 |  |  |  | — |  |  |  | 1,322 |
(-) Redemptions |  |  | — |  |  |  | (16,872 | ) |  |  | (16,872 | ) |  |  | — |  |  |  | (15,431 | ) |  |  | (15,431 | )
(+/-) Net Portability |  |  | — |  |  |  | (3,417 | ) |  |  | (3,417 | ) |  |  | — |  |  |  | 563 |  |  |  | 563 |
(+) Adjustment of reserves and financial surplus |  |  | 14 |  |  |  | 5,009 |  |  |  | 5,023 |  |  |  | 12 |  |  |  | 7,837 |  |  |  | 7,849 |
(+/-) Other (increase / reversal) |  |  | 83 |  |  |  | (627 | ) |  |  | (544 | ) |  |  | (190 | ) |  |  | 57 |  |  |  | (133 | )
(+/-) Corporate Reorganization |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | (221 | ) |  |  | — |  |  |  | (221 | )
Closing balance |  |  | 3,883 |  |  |  | 211,093 |  |  |  | 214,976 |  |  |  | 3,303 |  |  |  | 217,697 |  |  |  | 221,000 |
Summary of Deferred Acquisition Costs | V - Deferred acquisition costs They are recorded in assets and charges are shown in the table below:
|  | 12/31/2021 |  |  | 12/31/2020 |
Opening Balance - 01/01 |  |  | 496 |  |  |  | 495 |
Increase |  |  | 1,298 |  |  |  | 1,089 |
Amortization |  |  | (1,163 | ) |  |  | (1,088 | )
Closing Balance |  |  | 631 |  |  |  | 496 |
Balance to be amortized in up to 12 months |  |  | 464 |  |  |  | 380 |
Balance to be amortized after 12 months |  |  | 167 |  |  |  | 116 |
Summary of Claims Development | VI - Table of Claims Development
Provision for unsettled claims (PSL) |  |  | 585 |
(-) IBNER |  |  | 214 |
(-) Reinsurance |  |  | 19 |
(-) Retrocession and other estimates |  |  | — |
Liability claims presented in the claims development table (a + b) |  |  | 352 |
The amount of obligations of the ITAÚ UNIBANCO HOLDING may change. The first part of the table below 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 - net of reinsurance
Occurrence date |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2019 |  |  | 12/31/2020 |  |  | 12/31/2021 |  |  | Total |
At the end of reporting period |  |  | 934 |  |  |  | 954 |  |  |  | 1,121 |  |  |  | 1,231 |  |  |  | 1,401 |  |  |  |  |
After 1 year |  |  | 977 |  |  |  | 1,012 |  |  |  | 1,133 |  |  |  | 1,237 |  |  |  |  |  |  |  |  |
After 2 years |  |  | 975 |  |  |  | 1,015 |  |  |  | 1,133 |  |  |  |  |  |  |  |  |  |  |  |  |
After 3 years |  |  | 973 |  |  |  | 1,012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
After 4 years |  |  | 969 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current estimate |  |  | 969 |  |  |  | 1,012 |  |  |  | 1,133 |  |  |  | 1,237 |  |  |  | 1,401 |  |  |  |  |
Accumulated payments through base date |  |  | 958 |  |  |  | 999 |  |  |  | 1,123 |  |  |  | 1,226 |  |  |  | 1,300 |  |  |  | 5,606 |
Liabilities recognized in the balance sheet |  |  | 11 |  |  |  | 13 |  |  |  | 10 |  |  |  | 11 |  |  |  | 101 |  |  |  | 146 |
Liabilities in relation to prior periods |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 54 |
Total administratives claims |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 200 |
b) Judicial claims - net of reinsurance
Occurrence date |  | 12/31/2017 |  |  | 12/31/2018 |  |  | 12/31/2019 |  |  | 12/31/2020 |  |  | 12/31/2021 |  |  | Total |
At the end of reporting period |  |  | 28 |  |  |  | 16 |  |  |  | 20 |  |  |  | 12 |  |  |  | 12 |  |  |  |  |
After 1 year |  |  | 40 |  |  |  | 33 |  |  |  | 36 |  |  |  | 23 |  |  |  |  |  |  |  |  |
After 2 years |  |  | 51 |  |  |  | 47 |  |  |  | 43 |  |  |  |  |  |  |  |  |  |  |  |  |
After 3 years |  |  | 60 |  |  |  | 54 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
After 4 years |  |  | 64 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current estimate |  |  | 64 |  |  |  | 54 |  |  |  | 43 |  |  |  | 23 |  |  |  | 12 |  |  |  |  |
Accumulated payments through base date |  |  | 55 |  |  |  | 43 |  |  |  | 30 |  |  |  | 10 |  |  |  | 4 |  |  |  | 142 |
Liabilities recognized in the balance sheet |  |  | 9 |  |  |  | 11 |  |  |  | 13 |  |  |  | 13 |  |  |  | 8 |  |  |  | 54 |
Liabilities in relation to prior periods |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 98 |
Total judicial claims |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 152 |

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