Caixa Seguridade Participações (CXSE3) investor relations material

Executive summary

• Net income reached BRL 1,028.4 million in 2Q25, up 57.3% year-over-year, with a 69.6% ROE and BRL 960 million in dividends distributed (92.2% payout).

• Operating revenues in 2Q25 totaled BRL 1.4 billion, up 28.5% year-over-year, with all investees posting positive results.

• Celebrated tenth anniversary with institutional campaigns, cashback, prize draws, and product promotions.

• Financial result for the holding company grew 156.1% in 2Q25, driven by higher SELIC rates and increased financial investments.

• Launched new digital products and enhanced customer experience, supporting operational efficiency and sales growth.

Financial highlights

• Managerial net income in 2Q25 was BRL 1,041.6 million, up 35.2% year-over-year.

• Written premiums totaled BRL 2,382 million in 2Q25, with Mortgage (+12%), Home (+22%), and Assistance (+62%) segments showing notable growth.

• Operating margin for insurance business increased 66.7% year-over-year, reaching BRL 1,245 million in 2Q25.

• Private pension reserves grew 13.4% to BRL 184.7 billion; credit letters inventory up 61.6% to BRL 6.7 billion.

• Dividend payout approved at BRL 960 million for the quarter, maintaining a payout ratio above 90%.

Outlook and guidance

• Expectation of stronger second half, especially for credit life and life insurance, as new products and credit lines ramp up.

• Private pension growth to be impacted by IOF tax changes, with anticipated 15–25% reduction in gross funding.

• Ongoing digitalization and streamlined sales journeys, especially for private pension portability and credit letters.

• Continued focus on monthly payment modalities and bundled insurance to drive sustainable, predictable growth.

• Management is monitoring macroeconomic trends and regulatory changes, including tax reform and new accounting standards.