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MD&A and Financial Statements (PDF) - Banco Itaú

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) Capital for Insurance Activity<br />

SUSEP, following the worldwide trend towards the strengthening of the insurance market, disclosed on<br />

December 26, 2006 the Resolutions Nos. 155 <strong>and</strong> 158, amended by Resolutions No. 178, of December 28,<br />

2007, <strong>and</strong> No. 200, of December 16, 2008, <strong>and</strong> Circular No. 355, of December 14, 2007. The regulations<br />

provide for the rules on regulatory capital required for authorization <strong>and</strong> operation of insurance companies<br />

<strong>and</strong> rules for the allocation of capital from subscription risk for several insurance lines.<br />

Noteworthy is the fact that the adjusted stockholders’ equity of ITAU UNIBANCO HOLDING companies<br />

exclusively engaged in insurance activities is higher than the required regulatory capital. At September 30,<br />

2010, the required regulatory capital amounted to R$ 800,749 for an existing adjusted stockholders’ equity of<br />

R$ 3,232,630.<br />

<strong>Itaú</strong> Unibanco S.A. – - September0, 2010 77

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