Capital Stock. (units) Capital Stock Common 09/30/ ,362, ,842,829 1,022,205,493. Preferred Total. Treasury Stock Common

Transcription

1 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Capital Stock Shares Number (units) Capital Stock Common Preferred Total Treasury Stock Common Preferred Total Current Year 09/30/ ,362, ,842,829 1,022,205,493 5,975,238 11,950,477 17,925,715

2 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 9/30/2016 SUL AMÉRICA S/A CASH DIVIDENDS EVENT APPROVAL TYPE DATE OF PAYMENT TYPE OF SHARE AMOUNT PER SHARE Board of Directors Meeting 03/30/2016 Dividends 04/18/2016 Common share Board of Directors Meeting 03/30/2016 Dividends 04/18/2016 Preferred share

3 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Assets (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Total Assets 5,805,719 5,634, Current Assets Cash and Cash Equivalents Cash and Banks Cash Equivalents Marketable Securities Marketable Securities Valued at Fair Value Securities Trading 146, , , , , , Accounts Receivable 67, , Customers 67, , Receivables 67, , Other Accounts Receivable Inventories Biological Assets Tax Recoverable 29,473 72, Current Tax Recoverable 29,473 72, Prepaid Expenses Other Current Assets Noncurrent Assets for Sale Assets of Discontinued Operations Other Reinsurance assets Deferred Acquisition Costs Other Noncurrent Assets 5,659,048 5,165, Longterm Assets 84,045 1, Marketable Securities Valued at Fair Value Securities Trading Securities Available for Sale Marketable Securities Accounted for Amortized Cost Securities Held to Maturity Accounts Receivable Customers 49,004 49,004 Securities Available for Sale Marketable Securities Accounted for Amortized Cost Securities Held to Maturity

4 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Assets (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Other Inventories Biological Assets Deffered Tax 82, Income Tax and Social Contribution 82, Prepaid Expenses Loans to Related Parties Loans to Affiliates Loans to Subsidiaries Credits with Controllers Loans to Others Related Parties Others NonCurrent Assets 1,528 1, Noncurrent Assets for Sale Assets of Discontinued Operations Judicial deposits 1,528 1, Reinsurance assets Deferred Acquisition Costs Other Investments 5,574,997 5,164, Equity in Associated Companies 5,574,997 5,164, Investments in Affiliates 3,196,621 1,999, Investments in Subsidiaries 2,378,376 3,164, Investments in Jointly Controlled Others Equity in Associated Companies Properties for Investiments Property for Rent () Depreciation Property and Equipment Property and Equipment in Operation Property and Equipment Leased Property and Equipment in Progress Intangible Assets Intangible Assets Concession Trademarks and Patents Goodwill

5 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Assets (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Software Expenditure Organization, Implementation and Installation () Amortization Goodwill

6 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Total Liabilities and Shareholders' Equity 5,805,719 5,634, Current Liabilities 340, , Social Obligations and Labor Social Obligations Payroll Labor Contingencies Suppliers National Suppliers International Suppliers Tax Federal Tax Income Tax and Social Contribution Payable PIS / COFINS Payable Other Taxes and Contributions Thirdparty Income Tax State Tax Municipal Tax Services Rendered Tax Payable Loans and Financing 338, , Loans and Financing 21,637 20, Loans and Financing Local Currency 21,637 20, Loans and Financing Foreign Currency Debentures 316, , Financing for Lease Other Obligations 1, , Related Party Liabilities Debts with Affiliates Debts with Subsidiaries Debts with Controllers Other Debts with Related Parties Other 1, , Dividends and Interest on Capital Payable , Minimum Mandatory Dividend Payable Obligations for stock incentive Accounts Payable Other Accounts Payable 603 1, Provisions Provisions Tax, Social Security, Labor and Civil Tax Contingencies

7 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Labor Contingencies and Social Security Provisions for Employee Benefits Civil Contingencies Other Warranties Provision Restructuring Provision Provision for Environmental Liabilities and Desactivation Liabilities NonCurrent Assets of the Sale and Discontinued Liabilities NonCurrent Assets on Sale Liabilities of Discontinued Operations Assets 2.02 NonCurrent Liabilities 582, , Loans and Financing 580, , Loans and Financing 180, , Loans and Financing Local Currency 180, , Loans and Financing Foreign Currency Debentures 400, , Financing for Lease Other Obligations Related Party Liabilities Debts with Affiliates Debts with Subsidiaries Debts with Controllers Other Debts with Related Parties Other Obligations for stock incentive Future Capital Increase Accounts Payable Other Accounts Payable Other Deferred Taxes Income Tax and Social Contribution Provisions 1,369 1, Provisions Tax, Social Security, Labor and Civil 1,369 1, Tax Contingencies 1,369 1, Labor Contingencies and Social Security

8 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Provisions for Employee Benefits Civil Contingencies Other Warranties Provision Restructuring Provision Provision for Environmental Liabilities and Desactivation Technical reserves Insurance Liabilities NonCurrent Assets of the Sale and Discontinued Liabilities NonCurrent Assets on Sale Liabilities of Discontinued Operations Assets Unearned Profits and Revenue Unearned Profits Unearned Revenue Grants Investment 2.03 Shareholders' Equity 4,883,104 4,411, Capital 2,319,882 2,319, Capital Reserves 276, , Goodwill on Issue of Shares 327, , Special Reserve Goodwill 25,995 25, Sale of the Warrant Options Granted 46,564 36, Treasury Stock (83,697) (88,454) Future Capital Increase Transactions capital goodwill and negative goodwill (39,913) (39,913) Revaluation Reserves Profit Reserves 1,947,823 1,947, Legal Reserve 149, , Statutory Reserve 1,798,704 1,798, Contingency Reserve Unrealized Profit Reserve Retained Profits Special Reserve Unpaid Dividends Tax Incentive Reserve Additional Proposed Dividend Treasury Stock Profits / Losses 380,601

9 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Equity Adjustment (42,036) (118,412) Cumulative Translation Adjustments Other Comprehensive Income Participation of Noncontrolling Shareholders

10 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Income Statements (in thousands of Reais) Code 3.01 Revenue from Sales and Services Net premiums Insurance Other Operating Income Insurance Premiums, retained contributions and net asset management fee Private pension Other Operating Income Private pension Saving bonds ASO Asset management Other Operating Income Changes in Technical Reserves Insurance Changes in Technical Reserves Private pension 3.02 Cost of Products and Services Sold Claims Insurance Acquisition Costs Insurance Other Operating Expenses Insurance Benefit expenses Private Pension Acquisition Costs Private Pension Other Operating Expenses Private Pension Saving bonds ASO Asset management Other Operating Expenses 3.03 Gross Profit 3.04 Operating Income/Expenses Selling Expenses General and Administrative Expenses Administrative Expenses Impairment of Assets Other Operating Income Equity Income (Expense Net) Other Operating Expenses Equity interest 3.05 Income Before Income Taxes and Financial 3.06 Investment Income Current Quarter 7/1/2016 to 9/30/ ,184 (3,406) (3,406) 169, ,184 (28,885) Yeartodate of the current year 1/1/2016 to 9/30/ ,887 (17,855) (17,855) (4) (4) 456, ,887 (87,553) Same quarter of the prior year 7/1/2015 to 9/30/ ,759 (17,793) (17,793) (9) (9) 262, ,759 (28,748) Yeartodate of the prior year 1/1/2015 to 9/30/ ,482 (24,579) (24,579) (17) (17) 554, ,482 (84,212)

11 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Income Statements (in thousands of Reais) Code Investment Income Investment Expenses 3.07 Income Before Income Tax, Social Contribution and Profit Sharing 3.08 Income Tax and Social Contribution on Profit Current Deffered 3.09 Net Profit from Continuing Operations 3.10 Net Profit from Discontinued Operations Net Income / Loss from Discontinued Operations Gains / losses on Net Assets of Discontinued Operations 3.11 Net Income 3.99 Earnings per Share Basic Earnings per Share For Preferred Share For Common Share Diluted Earnings per Share For Preferred Share For Common Share Current Quarter 7/1/2016 to 9/30/2016 Yeartodate of the current year 1/1/2016 to 9/30/2016 Same quarter of the prior year 7/1/2015 to 9/30/2015 Yeartodate of the prior year 1/1/2015 to 9/30/2015 4,333 16,608 3,224 24,004 (33,218) (104,161) (31,972) (108,216) 137, , , ,270 10,964 29,267 (9,094) (9,109) (9,085) (9,085) 10,964 29,267 (9) (24) 148, , , , , , , ,

12 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Comprehensive Income (in thousands of Reais) Code 4.01 Net Income Company Period 4.02 Other Components of Comprehensive Income Gains and (losses) not realized in financial assets available for sale Unrealized losses on cash flow hedge, net of gains Realized gains on cash flow hedge, net of losses Income tax and social contribution related to components of other comprehensive income Gains and (losses) of Change in Ownership Interest Other comprehensive income of investees companies recognized by equity method 4.03 Comprehensive Income for the Period Current Quarter 7/1/2016 to 9/30/2016 Yeartodate of the current year 1/1/2016 to 9/30/2016 Same quarter of the prior year 7/1/2015 to 9/30/2015 Yeartodate of the prior year 1/1/2015 to 9/30/ , , , ,161 16,272 76,376 (35,479) (48,066) (313) 107 (3,981) (4,291) (160) (304) 20,253 80,667 (35,319) (47,556) 164, , , ,095

13 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statements of Cash Flow Indirect Method (in thousands of Reais) Code 6.01 Net cash by Operating Activities 302, Cash generated by operating activities Interest and inflation adjustment of issued debentures 104,403 92, Other Change in marketable securities Change in receivables Dividends and interest on equity received Change in deferred Acquisition costs Change deferred taxes assets Change in deferred taxes Change in insurance and reinsurance liabilities ,768 (51) (72) Change in other provisions Income tax and social contribution paid Withholding income tax on dividends received (6,314) (22,016) Others 6.02 Net cash by Investing Activities Changes in accrued liabilities for lawsuits Yeartodate of the current year 1/1/2016 to 9/30/ Net income before tax and social contribution 351, , Interest and inflation adjustments on REFIS tax refinance Interest and inflation adjustments on judicial deposits and lawsuits Interest and inflation adjustment on judicial deposits Change in assets and liabilities Stock options Writeoff on sale of investments Gain on sale of investments or fixed assets Interest and inflation adjustment on tax credit offset Depreciation and amortization Equity loss in associated companies Positive equity interest Change in salvages for sale Change in other assets/liabilities Increase in capital Purchase of equity interest Selling of equity interest Purchase of fixed assets and intangible assets 149, Change in technical reserves Insurance (7,171) 2 15 (6,192) (28) 4 309, , , Yeartodate of the prior year 1/1/2015 to 9/30/ , (456,746) (554,078) (5,190) (73) , , Change in taxes (33,062) (9,478) interest Paid Change in reinsurance assets Change in judicial deposits Change in accounts payable Change in loans and financing 11,257 (96,490) (20,360) (96) ,970 (59,420) (86,383) (82)

14 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statements of Cash Flow Indirect Method (in thousands of Reais) Code Yeartodate of the current year 1/1/2016 to 9/30/2016 Yeartodate of the prior year 1/1/2015 to 9/30/ Selling of fixed assets and intangible assets Other net proceeds and (payments) 6.03 Net Cash by Financing Activities (318,368) Amortization of loans (166,650) (166,650) Capital increase Receiving Purchase of shares to hold them in treasury Dividends and interest on equity paid 6.05 (302,577) Loans end credit lines Decrease capital Payment Selling of shares in treasury 7,040 35, Options granted exercised Repurchase of shares in market Other net proceeds and (payments) 6.04 Foreign Exchange on Cash and Equivalents Increase/(Decrease) in Cash and Cash Equivalents (20) 40 (42,673) (140,347) (144,785) Refis tax refinance Financial lease (2,620) Cash and Cash Equivalents at Beginning of Period Cash and Cash Equivalents at End of Period

15 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statement of Changes in Shareholders' Equity 01/01/2016 to 09/30/2016 (in thousands of Reais) Code Treasury Stock Acquired Supplementary dividends Interest on Shareholders' Equity Additional Dividends Proposed Options Granted Exercised Intermediaries/Interim Dividends Total Comprehensive Income Net Income Reversion of Estatutary Reserve Mandatory dividends Transactions capital negative goodwill Opening Balance Prior Year Adjustments Changes in Accounting Practices Adjustments Balance 5.04 Capital Transactions with Partens Capital Increase Stock Issue Expenses Recognized Granted Options Financial Instruments Adjustments Taxes of Financial Instruments Adjustments Comprehensive Income of Equity Affiliates Convergion Adjustments Tax Adjustments of Conversion Period Noncontrolling Interest Treasury Shares Sold Other Comprehensive Income Reversion of Estatutary Reserve Gains and (losses) of Change in Ownership Interest Reclassification to Results Financial Instruments Adjustments Changes in Shareholders' Equity Increase of Capital Reserves Recognitional of Revaluation Reserves Taxes on Recognitional of Revaluation Reserves Capital 2,319, ,601 Capital Reserves, Granted Options and Treasury Stock Profit reserves 380,601 76, ,977 Other Comprehensive Income (118,412) 380,601 (4,291) (4,291) Interest on Shareholders' Equity Net Income (Losses) (2,620) 7, ,486 1,947, Realized on Reserves Others adjustments Others adjustments 5.07 Final Balance Transactions Capital Goodwill Intermediaries Dividends Additional Dividends Proposed 2,319, ,486 1,947,823 14,348 9,928 2,319, ,834 1,947, ,601 (2,620) 7,040 Equity 4,411,779 (118,412) 4,411,779 76,376 14,348 9,928 80, Mandatory dividends (42,036) 76,376 80,667 4,883,104

16 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statement of Changes in Shareholders' Equity 01/01/2015 to 09/30/2015 (in thousands of Reais) Code 5.01 Opening Balance Prior Year Adjustments 5.04 Capital Transactions with Partens Stock Issue Expenses Recognized Granted Options Treasury Shares Sold Supplementary dividends Interest on Shareholders' Equity 5.05 Total Comprehensive Income Capital 2,319,882 Gains and (losses) of Change in Ownership Interest Financial Instruments Adjustments Recognitional of Revaluation Reserves Taxes on Recognitional of Revaluation Reserves Others adjustments 5.07 Adjustments Balance Treasury Stock Acquired Changes in Accounting Practices Additional Dividends Proposed 2,319,882 35,740 (24,086) (24,086) (313) (313) Capital Reserves, Granted Options and Treasury Stock 261,172 1,426,147 Profit reserves Net Income (Losses) (26,141) 436,161 Other Comprehensive Income 2,319, ,172 1,426,147 (61,372) (84) (26,141) (24,086) (50,311) (42,673) Reversion of Estatutary Reserve Capital Increase Options Granted Exercised Transactions capital negative goodwill Net Income Financial Instruments Adjustments Taxes of Financial Instruments Adjustments Comprehensive Income of Equity Affiliates Convergion Adjustments Tax Adjustments of Conversion Period Intermediaries/Interim Dividends Transactions Capital Goodwill Mandatory dividends Other Comprehensive Income Noncontrolling Interest Reversion of Estatutary Reserve Others adjustments Reclassification to Results Changes in Shareholders' Equity Increase of Capital Reserves Intermediaries Dividends Additional Dividends Proposed Mandatory dividends Interest on Shareholders' Equity Final Balance 436,161 (48,066) 388,095 (48,066) (48,066) (47,556) (47,556) Realized on Reserves 6, ,088 1,400,006 (61,372) 3,945, ,161 Equity 3,945,829 6,849 (109,438) 4,283,613 (42,673) 35, ,075 (26,141) (304) (304)

17 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statement of Added Value (in thousands of Reais) Code 7.01 Revenues Other Revenues Changes in Technical Reserves Insurance Provision for Doubtful Accounts Reversion / (Constitution) Other Other Sales of Goods, Products and Services Changes in Technical Reserves Private pension Revenue for the Construction of Owned Assets Input Purchase from ThirdParties Cost Products, Goods and Services Sold MaterialsEnergyServicesOther Third Party Loss/ Assets Value Recuperation Gross Added Value Retentions Depreciation, Amortization and Depletion 7.05 Net Added Value Produced Equity interest 456, Investment Income 16,489 Other 21, Net of Reinsurance Ceded Operation (8,467) (7,221) Net of Coinsurance Ceded Operation Exchange Variation Loans and Commitments Receivable Monetary and Exchange Variation Insurance and Private Pension Yeartodate of the current year 1/1/2016 to 9/30/ Added Value Received/ Ceded in Transfer 494, Distribution of Added Value 486, , Personnel 3, (2) (7,221) (44) 559, ,078 9,222 (3,813) 486, ,222 (7,221) Direct Remuneration 3,808 3, Benefits (8,467) (8,467) (2) (44) (7,265) Other 21,577 (3,918) 7.07 Added Value to be Distributed Yeartodate of the prior year 1/1/2015 to 9/30/ Profit from sale of permanent assets Other Monetary Variation Judicial Deposits (8,469) 3,382

18 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements Company / Statement of Added Value (in thousands of Reais) Code Federal (2,130) Rentals Other 1, Return of Capital Dividends Taxes, Fees and Contributions (2,118) Municipal Interest on Shareholders' F.G.T.S Yeartodate of the current year 1/1/2016 to 9/30/ Other State Interest 102, Interest on Shareholders' Equity 380, Retained Earnings (Accumulated Deficit) 380, Other 19, ,084 92, Yeartodate of the prior year 1/1/2015 to 9/30/ , , , ,394 24,086

19 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Assets (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Total Assets 20,985,711 20,047, Current Assets 15,225,134 14,254, Cash and Cash Equivalents 393, , Cash and Banks 49,208 53, Cash Equivalents 344, , Marketable Securities 11,884,119 10,471, Marketable Securities Valued at Fair Value 11,575,400 10,429, Securities Trading 5,883,916 5,383, Securities Available for Sale 5,691,484 5,046, Marketable Securities Accounted for Amortized Cost 308,719 42, Securities Held to Maturity 308,719 42, Accounts Receivable 2,132,367 2,141, Customers 2,132,367 2,141, Receivables 2,132,367 2,141, Other Accounts Receivable Inventories Biological Assets Tax Recoverable 54, , Current Tax Recoverable 54, , Prepaid Expenses Other Current Assets 760, , Noncurrent Assets for Sale 77,700 62, Assets of Discontinued Operations Other 683, , Reinsurance assets 41,446 57, Deferred Acquisition Costs 618, , Other 23,643 17, Noncurrent Assets 5,760,577 5,793, Longterm Assets 5,375,256 5,439, Marketable Securities Valued at Fair Value Securities Trading Securities Available for Sale Marketable Securities Accounted for Amortized Cost 1,111,996 1,305, Securities Held to Maturity 1,111,996 1,305, Accounts Receivable 481, , Customers 481, ,439

20 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Assets (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Other Inventories Biological Assets Deffered Taxes 824, , Income Tax and Social Contribution 622, , Recoverable Taxes and Contributions PIS/ COFINS 140, , Recoverable Taxes and Contributions OTHERS 61,890 8, () Allowance for Doubtful Accounts Prepaid Expenses Loans to Related Parties Loans to Affiliates Loans to Subsidiaries Credits with Controllers Loans to Others Related Parties Others NonCurrent Assets 2,957,277 2,856, Noncurrent Assets for Sale Assets of Discontinued Operations Judicial deposits 2,519,861 2,427, Reinsurance assets 34,638 69, Deferred Acquisition Costs 402, , Other 287 1, Investments 110,613 73, Equity in Associated Companies 103,064 66, Investments in Affiliates 101,276 64, Investments in Subsidiaries Investments in Jointly Controlled Others Equity in Associated Companies 1,788 2, Properties for Investiments 7,549 6, Property for Rent 7,549 6, () Depreciation Property and Equipment 74,637 82, Property and Equipment in Operation 74,637 82, Property and Equipment Leased Property and Equipment in Progress Intangible Assets 200, , Intangible Assets 153, , Concession Trademarks and Patents Goodwill Software 153, , Other intangibles () Amortization Goodwill 46,779 46,779

21 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Total Liabilities and Shareholders' Equity 20,985,711 20,047, Current Liabilities 8,379,777 8,048, Social Obligations and Labor 70,599 46, Social Obligations Labor obligations 70,599 46, Labor Contingencies 70,599 46, Suppliers National Suppliers International Suppliers Tax 277, , Federal Tax 241, , Income Tax and Social Contribution Payable 72, , PIS / COFINS Payable 20,459 23, Financial Transactions Tax 74,335 66, REFIS Payable 32,180 45, Other Taxes and Contributions 29,758 28, Thirdparty Income Tax 12,252 14, State Tax Municipal Tax 35,969 34, Services Rendered Tax Payable 35,969 34, Loans and Financing 338, , Loans and Financing 21,637 20, Loans and Financing Local Currency 21,637 20, Loans and Financing Foreign Currency Debentures 316, , Financing for Lease Other Obligations 1,341,956 1,502, Related Party Liabilities 15,353 14, Debts with Affiliates Debts with Subsidiaries Debts with Controllers Other Debts with Related Parties 15,353 14, Other 1,326,603 1,487, Dividends and Interest on Capital Payable 1, , Minimum Mandatory Dividend Payable Obligations for Sharebased Payment Accounts Payable 130, , Other Accounts Payable 60, , Insurance and reinsurance liabilities 374, , Saving bonds 609, , Managed health 139,485 28, Other 11,490 15, Provisions 6,350,380 5,964, Provisions Tax, Social Security, Labor and Civil 97,851 93, Tax Contingencies Labor Contingencies and Social Security 13,248 8,039

22 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Provisions for Employee Benefits Civil Contingencies 84,603 85, Other 6,252,529 5,870, Warranties Provision Restructuring Provision Provision for Environmental Liabilities and Desactivation Technical reserves Insurance 6,252,529 5,870, Liabilities NonCurrent Assets of the Sale and Discontinued Liabilities NonCurrent Assets on Sale Liabilities of Discontinued Operations Assets 2.02 NonCurrent Liabilities 7,708,806 7,568, Loans and Financing 584, , Loans and Financing 180, , Loans and Financing Local Currency 180, , Loans and Financing Foreign Currency Debentures 400, , Financing for Lease 3, Other Obligations 50, , Related Party Liabilities Debts with Affiliates Debts with Subsidiaries Debts with Controllers Other Debts with Related Parties Other 50, , Obligations for stock incentive Future Capital Increase Accounts payable 20,266 21, Other Accounts Payable 107 7, Insurance and reinsurance liabilities 58 99, Other 30, Deferred taxes Income Tax and Social Contribution Provisions 7,073,281 6,579, Provisions Tax, Social Security, Labor and Civil 2,099,070 1,976, Tax Contingencies 1,779,616 1,657, Labor contingencies and Social Security 66,533 67, Provisions for Employee Benefits

23 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Civil Contingencies 252, , Other Other 4,974,211 4,602, Warranties Provision Restructuring Provision Provision for Environmental Liabilities and Desactivation Technical reserves Insurance 4,974,211 4,602, Liabilities NonCurrent Assets of the Sale and Discontinued Liabilities NonCurrent Assets on Sale Liabilities of Discontinued Operations Assets Unearned Profits and Revenue Unearned Profits Unearned Revenue Grants Investment 2.03 Shareholders' Equity 4,897,128 4,430, Capital 2,319,882 2,319, Capital Reserves 276, , Goodwill on Issue of Shares 327, , Special Reserve Goodwill 25,995 25, Sale of the Warrant Options Granted 46,564 36, Treasury Stock (83,697) (88,454) Future Capital Increase Transactions capital goodwill (39,913) (39,913) Revaluation Reserves Profit Reserves 1,947,823 1,947, Legal Reserve 149, , Statutory Reserve 1,798,704 1,798, Contingency Reserve Unrealized Profit Reserve Retained Profits Special Reserve Unpaid Dividends Tax Incentive Reserve Additional Proposed Dividend Treasury Stock Profits / Losses 380, Equity Adjustment (42,036) (118,412)

24 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Liabilities (in thousands of Reais) Code Current Quarter 9/30/2016 Prior year 12/31/ Cumulative Translation Adjustments Other Comprehensive Income Participation of Noncontrolling Shareholders 14,024 19,092

25 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Income Statements (in thousands of Reais) Code 3.01 Revenue from Sales and Services Net premiums Insurance Other Operating Income Insurance Premiums, retained contributions and net asset management fee Private pension Other Operating Income Private pension Current Quarter 7/1/2016 to 9/30/2016 (2,022) 7,149 (5,288) (1,054) (3,125) (954) (2,702) (259) (1,226) (1,883) (7,150) 386,254 (350,966) Yeartodate of the current year 1/1/2016 to 9/30/2016 Same quarter of the prior year 7/1/2015 to 9/30/2015 (6,184) (1,757) Yeartodate of the prior year 1/1/2015 to 9/30/2015 4,145,817 12,072,347 3,899,122 11,050,318 4,280,336 11,946,245 3,986,020 11,187,351 4,893 12,855 8,314 16, , , , , Saving bonds 13,364 39,994 14,088 44, ASO Asset management Other Operating Income Changes in Technical Reserves Insurance Changes in Technical Reserves Private pension 3.02 Cost of Products and Services Sold Claims Insurance Acquisition Costs Insurance 11,780 32,247 8,264 24,074 9,636 28,105 10,180 29,650 8,039 33,373 10,891 33,781 (210,210) (90,640) (163,965) (345,286) (88,741) (289,935) (100,419) (311,364) (3,759,563) (10,986,298) (3,521,462) (10,012,203) (3,165,577) (9,235,356) (2,941,491) (8,372,452) (440,258) (1,294,728) (427,202) (1,212,129) Other Operating Expenses Insurance (118,542) (363,644) (124,318) (347,214) Benefit expenses Private Pension Acquisition Costs Private Pension Other Operating Expenses Private Pension Saving bonds ASO Asset management Other Operating Expenses 3.03 Gross Profit 3.04 Operating Income/Expenses Selling Expenses General and Administrative Expenses Administrative Expenses Impairment of Assets Other Operating Income Equity Income (Expense Net) Other Operating Expenses Equity interest 3.05 Income Before Income Taxes and Financial 3.06 Investment Income Investment Income Investment Expenses 3.07 Income Before Income Tax, Social Contribution and Profit Sharing 3.08 Income Tax and Social Contribution on Profit (16,836) (35,404) (8,825) (21,402) (7,477) (21,197) (6,736) (15,265) (256) (1,004) (240) (4,674) (7,282) (24,430) (8,056) (23,927) 1,086, ,660 1,038,115 (1,073,049) (353,016) (981,389) (359,533) (1,100,270) (372,971) (1,026,869) (359,533) (1,100,270) (372,971) (1,026,869) (1,366) (1,869) 12,806 21,026 (1,366) (1,869) 12,806 21,026 9,933 29,090 24,454 35,288 13,000 24,644 56, , , , , ,497 2,033, ,705 1,817,263 (416,773) (1,360,438) (444,193) (1,213,445) 274, , , ,544 (125,100) (303,237) (45,289) (221,620)

26 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Income Statements (in thousands of Reais) Code Current Deffered 3.09 Net Profit from Continuing Operations 3.10 Net Profit from Discontinued Operations Net Income / Loss from Discontinued Operations Gains / losses on Net Assets of Discontinued Operations 3.11 Net Income Atributable to Owners of the Company Atributable to NonControlling Interest 3.99 Earnings per Share Basic Earnings per Share For Preferred Share For Common Share Diluted Earnings per Share For Preferred Share For Common Share Current Quarter 7/1/2016 to 9/30/2016 Yeartodate of the current year 1/1/2016 to 9/30/ , ,711 Same quarter of the prior year 7/1/2015 to 9/30/2015 Yeartodate of the prior year 1/1/2015 to 9/30/2015 (140,100) (380,762) (66,171) (297,769) 15,000 77,525 20,882 76, , , , , , , , , , , , ,

27 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Comprehensive Income (in thousands of Reais) Code Net Income Company Period Other Components of Comprehensive Income Unrealized actuarial losses on defined benefit pension plan, net of gains Gains and (losses) not realized in financial assets available for sale Unrealized losses on cash flow hedge, net of gains Realized gains on cash flow hedge, net of losses Income tax and social contribution related to components of other comprehensive income Current Quarter 7/1/2016 to 9/30/2016 Yeartodate of the current year 1/1/2016 to 9/30/2016 Same quarter of the prior year 7/1/2015 to 9/30/2015 Yeartodate of the prior year 1/1/2015 to 9/30/ , , , ,924 16,721 79,862 (37,037) (49,945) (2,001) (2,171) 20,000 78,883 (37,217) (48,892) (7,870) (30,670) 14,914 20, Gains and (losses) of Change in Ownership Interest Other comprehensive income of investees companies recognized by equity method 4.03 Comprehensive Income for the Period Awarded to Owners of the Company Awarded to NonControlling Interest 4,591 33,650 (14,734) (19,327) 165, , , , , , , ,095 1,098 5,596 (608) 884

28 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statements of Cash Flow Indirect Method (in thousands of Reais) Code Cash generated by operating activities 806, , Net income before tax and social contribution 685, , Depreciation and amortization Equity loss in associated companies Interest and inflation adjustments on judicial deposits and lawsuits Yeartodate of the current year 1/1/2016 to 9/30/ ,895 Yeartodate of the prior year 1/1/2015 to 9/30/ Net cash by Operating Activities (22,766) 494, Interest and inflation adjustment of issued debentures 104,403 92, Interest and inflation adjustments on REFIS tax refinance 2,567 5, Stock options 9,928 6, Positive equity interest (29,090) (25,312) Writeoff on sale of investments Gain on sale of investments or fixed assets Interest and inflation adjustment on tax credit offset (8,575) (12,379) Interest and inflation adjustment on judicial deposits (144,203) (136,468) Change in salvages for sale 38, ,593 (12,206) Other 2,497 1, Change in assets and liabilities (829,640) (252,392) Change in marketable securities (1,141,679) (792,787) Change in receivables 87,674 (320,908) Change in taxes (38,319) 7, Change in reinsurance assets 50,715 (11,990) Change in judicial deposits 52,266 (13,435) Dividends and interest on equity received 33,518 17, Change in other assets/liabilities 21,510 14, Change in deferred Acquisition costs (66,160) (140,710) Change deferred taxes assets Change in accounts payable 40, , Change in loans and financing interest Paid (96,490) (86,383) Change in deferred taxes (104) Change in insurance and reinsurance liabilities (106,410) (24,338) Change in technical reserves Insurance 753,741 1,328, Changes in accrued liabilities for lawsuits (15,866) (8,488) Change in other provisions Income tax and social contribution paid (388,906) (334,627) Withholding income tax on dividends received Others 6.02 Net cash by Investing Activities (48,279) (76,354) Increase in capital (735) Purchase of equity interest (19,608) (21,367) Selling of equity interest Purchase of fixed assets and intangible assets (29,335) (59,032) Selling of fixed assets and intangible assets 664 4, Other net proceeds and (payments) Net Cash by Financing Activities (320,160) (330,771) 41,504 (15,716) (7,525)

29 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statements of Cash Flow Indirect Method (in thousands of Reais) Code Yeartodate of the current year 1/1/2016 to 9/30/2016 Decrease capital Payment Purchase of shares to hold them in treasury (2,620) (42,673) Selling of shares in treasury 7,040 Yeartodate of the prior year 1/1/2015 to 9/30/ Loans end credit lines Amortization of loans (166,650) (168,822) Capital increase Receiving Options granted exercised Repurchase of shares in market Dividends and interest on equity paid (151,813) (144,785) Refis tax refinance (4,617) (10,231) Financial lease (1,500) Other net proceeds and (payments) 6.04 Foreign Exchange on Cash and Equivalents 6.05 Increase/(Decrease) in Cash and Cash Equivalents (391,205) 87, Cash and Cash Equivalents at Beginning of Period 784, ,196 Cash and Cash Equivalents at End of Period 393, ,800 35,740

30 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statement of Changes in Shareholders' Equity 01/01/2016 to 09/30/2016 (in thousands of Reais) Code Account Additional Dividends Proposed Interest on Shareholders' Equity Others adjustments Final Balance Transactions Capital Goodwill Transactions Capital Negative Goodwill Noncontrolling Interest Mandatory dividends 2,319, , Financial Instruments Adjustments Increase of Capital Reserves 2,319, ,486 Profit reserves Net Income (Losses) Intermediaries Dividends Capital 5.01 Opening Balance 2,319,882 Capital Reserves, Granted Options and Treasury Stock 5.02 Prior Year Adjustments 5.03 Adjustments Balance 5.04 Capital Transactions with Partens 14,348 1,947, ,601 (42,036) 4,883,104 14,024 4,897,128 Participation of Minority Shareholders Equity 1,947,823 (118,412) 4,411,779 19,092 4,430,871 1,947,823 Other Comprehens ive Income Equity (118,412) 4,411,779 19,092 4,430, Capital Increase 262, Changes in Accounting Practices Stock Issue Expenses Recognized Granted Options 9, Treasury Stock Acquired Treasury Shares Sold 7, Dividends Interest on Shareholders' Equity Additional Dividends Proposed 14,348 (10,718) (2,620) (2,620) 5.05 Total Comprehensive Income 380, Net Income 9,928 76, , , , Other Comprehensive Income 76,376 76, Financial Instruments Adjustments Taxes of Financial Instruments Adjustments Comprehensive Income of Equity Affiliates 80,667 80, Tax Adjustments of Conversion Period Noncontrolling Interest Reclassification to Results 5.06 Changes in Shareholders' Equity Recognitional of Revaluation Reserves Taxes on Recognitional of Revaluation Reserves Options Granted Exercised Reversion of Estatutary Reserve Intermediaries/Interim Dividends 7,040 5, ,573 2, ,711 3,486 79,862 2,687 2,687 (1,065) (1,065) 1,889 82, ,928 (2,620) 7,040 (10,718) (10,718) 3, Mandatory dividends Supplementary dividends Convergion Adjustments Reversion of Estatutary Reserve Gains and (losses) of Change in Ownership Interest Others adjustments (4,291) (4,291) (4,291) (25) Realized on Reserves (25)

31 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statement of Changes in Shareholders' Equity 01/01/2015 to 09/30/2015 (in thousands of Reais) Code 5.01 Opening Balance Account Transactions Capital Goodwill Mandatory dividends Transactions capital negative goodwill Noncontrolling Interest Comprehensive Income of Equity Affiliates Interim Dividends/Intermediaries Others adjustments Capital 2,319, ,172 1,426,147 (61,372) 3,945,829 19,745 3,965,574 Capital Reserves, Granted Options and Treasury Stock 5.02 Prior Year Adjustments Changes in Accounting Practices (21) (21) Others adjustments 2,319, , ,161 Other Comprehens ive Income Equity 5.03 Adjustments Balance 2,319, ,172 1,426,147 (61,372) 3,945, Capital Transactions with Partens (84) (26,141) (24,086) (50,311) Capital Increase Stock Issue Expenses Recognized Granted Options 6,849 6, Treasury Stock Acquired (42,673) (42,673) Treasury Shares Sold 35,740 35, Total Comprehensive Income Increase of Capital Reserves Participation of Minority Shareholders Equity 19,745 3,965,574 (765) (51,076) 6,849 (42,673) 35, Net Income 436, , (48,066) 388,095 Other Comprehensive Income (48,066) (48,066) Reclassification to Results Financial Instruments Adjustments 5.06 Changes in Shareholders' Equity Recognitional of Revaluation Reserves Intermediaries Dividends Mandatory dividends , Additional Dividends Proposed Realized on Reserves 5.07 Final Balance Profit reserves Net Income (Losses) Supplementary dividends Interest on Shareholders' Equity Additional Dividends Proposed (26,141) Options Granted Exercised Reversion of Estatutary Reserve Taxes of Financial Instruments Adjustments Intermediaries/Interim Dividends (24,086) Financial Instruments Adjustments 1,400, ,075 (109,438) ,283,613 (26,141) (765) (26,906) (24,086) (24,086) Supplementary dividends (313) (313) (47,556) (47,556) Convergion Adjustments Tax Adjustments of Conversion Period Noncontrolling Interest Reversion of Estatutary Reserve Taxes on Recognitional of Revaluation Reserves Interest on Shareholders' Equity 2, ,924 (1,879) (1,303) (1,616) (49,945) (1,085) (48,641) (304) (304) (304) 19,864 4,303,477

32 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statement of Added Value (in thousands of Reais) Code Yeartodate of the current year 1/1/2016 to 9/30/2016 Yeartodate of the prior year 1/1/2015 to 9/30/ Revenues 12,591,030 11,551, Sales of Goods, Products and Services 13,063,963 12,281, Other Revenues (380,575) (656,650) Changes in Technical Reserves Insurance (90,640) (345,286) Changes in Technical Reserves Private pension (289,935) (311,364) Profit from sale of permanent assets Other Revenue for the Construction of Owned Assets Provision for doubtful accounts Reversion/ (Constitution) (92,358) (73,603) 7.02 Input Purchase from ThirdParties (12,183,067) (11,028,298) Cost Products, Goods and Services Sold (9,734,229) (8,651,707) MaterialsEnergyServicesOther Third Party (1,941,751) (1,851,395) Loss/ Assets Value Recuperation (418,082) (437,561) Other (89,005) (87,635) 7.03 Gross Added Value 407, , Retentions (41,504) (38,622) Depreciation, Amortization and Depletion (41,504) (38,622) Other Investment Income Net Added Value Produced 366, , Added Value Received/ Ceded in Transfer 1,426,115 1,247, Equity interest 29,090 24, Other (289,927) (291,180) Net of Coinsurance Ceded Operation 54,751 (7,526) Exchange Variation Loans and Commitments Receivable Monetary and Exchange Variation Insurance and Private Pension (665,727) (515,857) Monetary Variation Judicial Deposits 1,686,952 1,514, Net of Reinsurance Ceded Operation 85,724 (33,300) 156, , Other 78, , Added Value to be Distributed 1,792,574 1,732, Distribution of Added Value 1,792,574 1,732, Personnel 475, , Direct Remuneration 376, , Benefits 80,531 70, F.G.T.S 17,772 16, Other Taxes, Fees and Contributions 720, , Federal 711, , State Municipal 8,481 6, Interest on shareholders' 214, , Interest 147, , Rentals 50,402 51, Other 16,372 10,224

33 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 09/30/2016 SUL AMÉRICA S/A Financial Statements / Statement of Added Value (in thousands of Reais) Code Yeartodate of the current year 1/1/2016 to 9/30/ Return of Capital 382, , Interest on shareholders' Equity Yeartodate of the prior year 1/1/2015 to 9/30/ Dividends 24, Retained Earnings (accumulated deficit) 380, , Noncontrolling Interest on Retained Earnings 2,110 2, Other

34 In the nine months ended of 2016, the Company recorded a profit of R$380,601 (R$436,161 as of September 30, 2015), mainly from its share of profit of R$456,746 (R$554,078 as of September 30, 2015) and net investment expenses ('Investment income/(expenses) of R$87,553 (R$84,212 as of September 30, 2015). In the third quarter of 2016, the Company recorded a profit of R$148,263 (R$206,917 in the same period of 2015), mainly from its share of profit of R$169,590 (R$262,561 in the same period of 2015) and net investment expenses ('Investment income/(expenses) of R$28,885 (R$28,748 in the same period of 2015). The share of profit by subsidiary is as follows: Subsidiaries Period ended 09/30/2016 Quarter ended 09/30/2016 Period ended 09/30/2015 Quarter ended 09/30/2015 Saepar Serviços e Participações S.A ,564 70, , ,736 Sul América Companhia Nacional de Seguros... 94,418 50,208 97,323 45,207 Sul América Companhia de Seguro Saúde ,764 48, ,359 67,618 Total , , , ,561

35 Quarterly Results 3 rd quarter 2016 Net income totaled R$148.3 million in 3Q16 and R$380.6 million yeartodate Total operating revenues reached R$4.4 billion (+6.8%), with R$4.3 billion (+7.4%) in insurance operating revenues Total consolidated loss ratio of 76.9% Administrative expenses ratio (% of total revenues) of 8.1%, an improvement of 90 BPS Conference Call October 27, 2016 (Thursday) Portuguese (with simultaneous translation to English) 10 am (Brasília) / 8 am (US/EDT) Brazil: +55 (11) or +55 (11) USA: +1 (786) / UK: +44 (203) QUARTERLY RESULTS 3Q16 1