XML 99 R67.htm IDEA: XBRL DOCUMENT
v3.23.1

Insurance contracts and private pension (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Insurance Contracts And Private Pension |
Summary of Main Insurance lines |
Summary of Main Insurance lines |  |  |  |  |  |  |
Main Insurance Lines | Sales ratio % |  | Loss ratio %
01/01 to 12/31/2022 | 01/01 to 12/31/2021 | 01/01 to 12/31/2020 |  | 01/01 to 12/31/2022 | 01/01 to 12/31/2021 | 01/01 to 12/31/2020
Group Accident Insurance | 30.5% | 31.5% | 33.8% |  | 17.0% | 14.5% | 11.3%
Individual Accident Insurance | 18.4% | 18.7% | 18.8% |  | 25.6% | 26.7% | 29.4%
Credit Life Insurance | 22.3% | 22.9% | 24.2% |  | 19.3% | 26.1% | 22.3%
Random Events | 23.7% | 23.3% | 23.5% |  | 28.8% | 32.0% | 34.3%
Multiple Peril | 42.7% | 43.1% | 44.4% |  | 19.3% | 24.0% | 52.9%
Mortagage Insurance in Market Policies – Credit Life Insurance | 20.1% | 20.3% | 20.4% |  | 11.1% | 26.5% | 18.5%
Group Life | 23.8% | 23.8% | 24.0% |  | 35.5% | 53.5% | 41.0%
Summary of Revenue From Insurance and Private Pension |
Summary of Revenue From Insurance and Private Pension |  |  |
Main lines | Premiums and contributions
01/01 to 12/31/2022 | 01/01 to 12/31/2021 | 01/01 to 12/31/2020
Group Accident Insurance | 973 | 883 | 847
Individual Accident Insurance | 149 | 175 | 187
Disability Savings Pension | 292 | 240 | 258
PGBL | 2,974 | 2,460 | 2,235
Credit Life Insurance | 1,412 | 1,008 | 624
Random Events | 216 | 192 | 195
Multiple Peril | 645 | 542 | 370
Mortagage Insurance in Market Policies – Credit Life Insurance | 571 | 437 | 339
Traditional | 123 | 128 | 117
VGBL | 8,496 | 7,054 | 8,022
Group Life | 1,422 | 1,165 | 955
Other lines | 849 | 739 | 655
Total | 18,122 | 15,023 | 14,804
Schedule of change in technical provisions |
Summary of Changes in Technical Provisions |  |  |  |  |  |  |
| 12/31/2022 |  | 12/31/2021
| Insurance | Private Pension | Total |  | Insurance | Private Pension | Total
Unearned premiums (PPNG) | 3,615 | 12 | 3,627 |  | 2,846 | 12 | 2,858
Mathematical provisions for benefits to be granted (PMBAC) and granted benefits (PMBC) | 30 | 228,786 | 228,816 |  | 19 | 209,196 | 209,215
Redemptions and Other Unsettled Amounts (PVR) | 23 | 394 | 417 |  | 19 | 358 | 377
Financial surplus (PEF) | - | 729 | 729 |  | 1 | 691 | 692
Unsettled claims (PSL) | 503 | 74 | 577 |  | 506 | 79 | 585
Claims / events incurred but not reported (IBNR) | 345 | 26 | 371 |  | 334 | 27 | 361
Related Expenses (PDR) | 32 | 49 | 81 |  | 29 | 65 | 94
Other provisions | 135 | 397 | 532 |  | 129 | 665 | 794
Total | 4,683 | 230,467 | 235,150 |  | 3,883 | 211,093 | 214,976
Current | 3,588 | 159 | 3,747 |  | 3,102 | 541 | 3,643
Non-current | 1,095 | 230,308 | 231,403 |  | 781 | 210,552 | 211,333
IV - Change in technical provisions
Schedule of change in technical provisions |  |  |  |  |  |  |
|  | 12/31/2022 |  | 12/31/2021
|  | Insurance | Private pension | Total |  | Insurance | Private pension | Total
Opening balance - 01/01 | 3,883 | 211,093 | 214,976 |  | 3,303 | 217,697 | 221,000
(+) Additions arising from premiums / contributions | 6,254 | 11,632 | 17,886 |  | 5,106 | 9,676 | 14,782
(-) Deferral due to elapsed risk | (5,485) | - | (5,485) |  | (4,563) | - | (4,563)
(-) Payment of claims / benefits | (1,506) | (465) | (1,971) |  | (1,598) | (373) | (1,971)
(+) Reported claims | 1,477 | - | 1,477 |  | 1,534 | - | 1,534
(-) Redemptions | - | (15,127) | (15,127) |  | - | (16,872) | (16,872)
(+/-) Net Portability | - | 1,962 | 1,962 |  | - | (3,417) | (3,417)
(+) Adjustment of reserves and financial surplus | 10 | 21,591 | 21,601 |  | 14 | 5,009 | 5,023
(+/-) Other (increase / reversal) | 50 | (219) | (169) |  | 83 | (627) | (544)
(+/-) Corporate Reorganization | - | - | - |  | 4 | - | 4
Closing balance | 4,683 | 230,467 | 235,150 |  | 3,883 | 211,093 | 214,976
Through actuarial models based mainly on the portfolio historical experience and on macroeconomic projections, ITAÚ UNIBANCO HOLDING establishes the assumptions that influence the assessment of technical provisions. The assumptions are reassessed annually by experts of the actuarial and risk area, and are subsequently submitted to the executive’s approval. The effects on assumptions are recognized in income for the period in which they occurred.
Schedule of change in technical provisions |
Schedule of change in technical provisions |  |  |  |  |  |  |
|  | 12/31/2022 |  | 12/31/2021
|  | Insurance | Private pension | Total |  | Insurance | Private pension | Total
Opening balance - 01/01 | 3,883 | 211,093 | 214,976 |  | 3,303 | 217,697 | 221,000
(+) Additions arising from premiums / contributions | 6,254 | 11,632 | 17,886 |  | 5,106 | 9,676 | 14,782
(-) Deferral due to elapsed risk | (5,485) | - | (5,485) |  | (4,563) | - | (4,563)
(-) Payment of claims / benefits | (1,506) | (465) | (1,971) |  | (1,598) | (373) | (1,971)
(+) Reported claims | 1,477 | - | 1,477 |  | 1,534 | - | 1,534
(-) Redemptions | - | (15,127) | (15,127) |  | - | (16,872) | (16,872)
(+/-) Net Portability | - | 1,962 | 1,962 |  | - | (3,417) | (3,417)
(+) Adjustment of reserves and financial surplus | 10 | 21,591 | 21,601 |  | 14 | 5,009 | 5,023
(+/-) Other (increase / reversal) | 50 | (219) | (169) |  | 83 | (627) | (544)
(+/-) Corporate Reorganization | - | - | - |  | 4 | - | 4
Closing balance | 4,683 | 230,467 | 235,150 |  | 3,883 | 211,093 | 214,976
Through actuarial models based mainly on the portfolio historical experience and on macroeconomic projections, ITAÚ UNIBANCO HOLDING establishes the assumptions that influence the assessment of technical provisions. The assumptions are reassessed annually by experts of the actuarial and risk area, and are subsequently submitted to the executive’s approval. The effects on assumptions are recognized in income for the period in which they occurred.
Summary of Deferred Acquisition Costs |
Summary of Deferred Acquisition Costs |  |
|  | 12/31/2022 | 12/31/2021
Opening Balance - 01/01 | 631 | 496
Increase | 1,559 | 1,298
Amortization | (1,379) | (1,163)
Closing Balance | 811 | 631
Balance to be amortized in up to 12 months | 573 | 464
Balance to be amortized after 12 months | 238 | 167
Schedule of judicial claims net of reinsurance |
Summary of Claims Development |  |
Provision for unsettled claims (PSL) |  | 577
(-) IBNER |  | 213
(-) Reinsurance |  | 12
(-) Retrocession and other estimates |  | (7)
Liability claims presented in the claims development table (I + II) |  | 359
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.
I - Administrative claims - net of reinsurance
Schedule of administrative claims - net of reinsurance |  |  |  |  |  |
Occurrence date | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | Total
At the end of reporting period | 954 | 1,121 | 1,231 | 1,401 | 1,413 |
After 1 year | 1,012 | 1,133 | 1,237 | 1,491 |  |
After 2 years | 1,015 | 1,133 | 1,245 |  |  |
After 3 years | 1,012 | 1,135 |  |  |  |
After 4 years | 1,007 |  |  |  |  |
Current estimate | 1,007 | 1,135 | 1,245 | 1,491 | 1,413 |
Accumulated payments through base date | 998 | 1,126 | 1,236 | 1,476 | 1,316 | 6,152
Liabilities recognized in the balance sheet | 9 | 9 | 9 | 15 | 97 | 139
Liabilities in relation to prior periods |  |  |  |  |  | 55
Total administrative claims |  |  |  |  |  | 194
II - Judicial claims - net of reinsurance
Schedule of judicial claims net of reinsurance |  |  |  |  |  |
Occurrence date | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | Total
At the end of reporting period | 16 | 20 | 12 | 12 | 15 |
After 1 year | 33 | 36 | 23 | 27 |  |
After 2 years | 47 | 43 | 31 |  |  |
After 3 years | 54 | 50 |  |  |  |
After 4 years | 58 |  |  |  |  |
Current estimate | 58 | 50 | 31 | 27 | 15 |
Accumulated payments through base date | 49 | 37 | 19 | 14 | 5 | 124
Liabilities recognized in the balance sheet | 9 | 13 | 12 | 13 | 10 | 57
Liabilities in relation to prior periods |  |  |  |  |  | 108
Total judicial claims |  |  |  |  |  | 165
The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown.
Schedule of judicial claims net of reinsurance |
Schedule of administrative claims - net of reinsurance |  |  |  |  |  |
Occurrence date | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | Total
At the end of reporting period | 954 | 1,121 | 1,231 | 1,401 | 1,413 |
After 1 year | 1,012 | 1,133 | 1,237 | 1,491 |  |
After 2 years | 1,015 | 1,133 | 1,245 |  |  |
After 3 years | 1,012 | 1,135 |  |  |  |
After 4 years | 1,007 |  |  |  |  |
Current estimate | 1,007 | 1,135 | 1,245 | 1,491 | 1,413 |
Accumulated payments through base date | 998 | 1,126 | 1,236 | 1,476 | 1,316 | 6,152
Liabilities recognized in the balance sheet | 9 | 9 | 9 | 15 | 97 | 139
Liabilities in relation to prior periods |  |  |  |  |  | 55
Total administrative claims |  |  |  |  |  | 194
II - Judicial claims - net of reinsurance
Schedule of judicial claims net of reinsurance |  |  |  |  |  |
Occurrence date | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | Total
At the end of reporting period | 16 | 20 | 12 | 12 | 15 |
After 1 year | 33 | 36 | 23 | 27 |  |
After 2 years | 47 | 43 | 31 |  |  |
After 3 years | 54 | 50 |  |  |  |
After 4 years | 58 |  |  |  |  |
Current estimate | 58 | 50 | 31 | 27 | 15 |
Accumulated payments through base date | 49 | 37 | 19 | 14 | 5 | 124
Liabilities recognized in the balance sheet | 9 | 13 | 12 | 13 | 10 | 57
Liabilities in relation to prior periods |  |  |  |  |  | 108
Total judicial claims |  |  |  |  |  | 165
The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown.
Schedule of judicial claims net of reinsurance |
Schedule of judicial claims net of reinsurance |  |  |  |  |  |
Occurrence date | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | Total
At the end of reporting period | 16 | 20 | 12 | 12 | 15 |
After 1 year | 33 | 36 | 23 | 27 |  |
After 2 years | 47 | 43 | 31 |  |  |
After 3 years | 54 | 50 |  |  |  |
After 4 years | 58 |  |  |  |  |
Current estimate | 58 | 50 | 31 | 27 | 15 |
Accumulated payments through base date | 49 | 37 | 19 | 14 | 5 | 124
Liabilities recognized in the balance sheet | 9 | 13 | 12 | 13 | 10 | 57
Liabilities in relation to prior periods |  |  |  |  |  | 108
Total judicial claims |  |  |  |  |  | 165
The breakdown of the claims development table into administrative and judicial shows the reallocation of admininstrative claims up to a certain base date and that become judicial claims afterwards, which may give the wrong impression of need for adjusting the provisions in each breakdown.

X
- Definition The disclosure of information that identifies and explains the amounts in the entity's financial statements arising from insurance contracts. [Refer: Types of insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Paragraph 36 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&anchor=para_36&doctype=Standard&book=b -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of insurance contracts. [Refer: Types of insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2023-01-01 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&doctype=Standard&book=b&dita_xref=IFRS04_g36-39M__IFRS04_g36-39M_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_DisclosureInsuranceContractsAndPrivatePensionAbstract
Namespace Prefix: | itub_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_DisclosureOfChangesInProvisionsExplanatory
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_DisclosureOfClaimsDevelopmentExplanatory
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_DisclosureOfGrossOfReinsuranceExplanatory
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_ScheduleOfAdministrativeClaimsNetOfReinsuranceTableTextBlock
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_ScheduleOfChangesInTechnicalProvisionsTableTextBlock
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itub_ScheduleOfJudicialClaimsNetOfReinsuranceTableTextBlock
Namespace Prefix: | itub_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration