Grupo Nacional Provincial (GNP) investor relations material

Executive summary

• 9M 2026 written premiums rose 1% YoY to $95,821 million; reported net income fell 35.9% to $2,176 million, mainly reflecting a $3,077 million net impact from non-creditable VAT on claims.

• Excluding the VAT impact, net income was $5,252 million, up 54.8% YoY, supported mainly by lower claims in medical and auto.

Financial highlights

• Retained earned premiums increased to $76,559 million from $74,607 million; net claims costs rose 5% to $56,972 million.

• Net operating loss widened to $7,175 million from $5,414 million; financial products increased 1% to $10,275 million.

• Total assets were $288,316 million, up 4% YoY; total liabilities reached $267,623 million, up 6%, while equity declined 15% to $20,694 million.

Segment performance

• Life premiums were $30,235 million, near flat YoY; individual life declined 2% to $24,692 million, while group life grew 7% to $5,543 million.

• Medical premiums grew 9% to $39,735 million; individual and group medical premiums rose 9% to $21,741 million and 8% to $17,994 million, respectively.

• Auto premiums fell 11% to $20,861 million, reflecting reduced agency participation and a strategic focus on profitable margins.

• Damage premiums increased 3% to $4,983 million; retained premiums rose 1% to $1,662 million.