Caixa Seguridade Participações (CXSE3) investor relations material

Executive summary

• Achieved record managerial net income of BRL 4.3 billion in 2025, up 14.9% year-over-year, with ROE reaching 70.4%, supported by strong performance in mortgage and home insurance, premium bonds, and credit letters.

• Private pension reserves grew over 15% year-over-year, surpassing BRL 199.4 billion, with net inflows of BRL 3.7 billion.

• Distributed BRL 3.93 billion in dividends, representing a payout ratio above 91%.

• Free float increased to 20% after a secondary public offering, enhancing share liquidity.

• Recognition for ESG initiatives, including participation in COP30 and industry awards.

Financial highlights

• Operating revenues reached BRL 5.8 billion, up 13.4% year-over-year; 57% from equity investments, 43% from distribution.

• Written premiums totaled BRL 9.7 billion, with mortgage insurance at BRL 4.0 billion (+11.2%) and home insurance at BRL 1.16 billion (+25.3%).

• Premium bonds collections reached BRL 1.87 billion (+27.1%), and credit letters inventory exceeded BRL 48 billion (+46.1%).

• Earned premiums grew 6% year-over-year; loss ratio improved to 23.9%, down 5.8 BPs.

• Combined ratio improved to 57.9%, reflecting operational efficiency.

Outlook and guidance

• Continued focus on digital transformation, customer-centric strategies, and modernization of contracting processes to sustain growth.

• Launch of new insurance products, including income loss and travel insurance, and new credit letter categories for heavy vehicles.

• Private pension segment aims to repeat strong performance, with focus on value accumulation and less competition from other products.

• Anticipated recovery in credit life insurance as interest rates decline and digital channels expand.