Porto Seguro (PSSA3) investor relations material

Executive summary

• Recurring net income reached R$889 million in Q2 2026, up 1% year-over-year, with ROAE at 22–22.3% for the quarter and above 20% for eight consecutive quarters.

• Total revenues rose 11% year-over-year to R$11 billion, reflecting robust growth across diversified business verticals.

• The diversified business model enabled consistent profitability and resilience, with strong brand recognition as the strongest in Brazil and Latin America.

• Client base grew by 1.2 million to 18.9 million, and the number of businesses increased by 5.9 million to 36.9 million.

• NPS for brokers reached 86 points.

Financial highlights

• Total recurring revenue for H1 2026 was R$22 billion, with recurring net income at R$1.8 billion.

• Porto Seguro vertical posted net income of R$455.8 million (+4.9% YoY), ROAE 32.9%; Porto Saúde revenue rose 14.4% to R$2.3 billion, net income up 36.4% to R$144 million.

• Porto Bank revenue grew 16.6% to R$1.9 billion, efficiency ratio improved by 4 p.p. to 25.4%, but net income declined 32% YoY.

• Porto Serviço revenue up 5.6% to R$659 million, net income up 11.2% to R$50.2 million, ROAE at 25.4%.

• Financial result for the quarter was R$387 million (+3% YoY); investment portfolio reached R$25.2 billion.

Outlook and guidance

• 2026 projections: Porto Seguro earned premium growth of 3–7%, loss ratio 50.5–54.5%, G&A ratio 10–10.6%.

• Porto Saúde expects earned premium growth of 14–22%, loss ratio 72–77%.

• Porto Bank targets revenue of R$7.7–8.1 billion, credit losses of R$3.1–3.5 billion, efficiency ratio 24–28%.

• Tax rate guidance revised down by 1% due to higher TJLP, Lei do Bem, and CDF incorporation.

• Management notes that projections are subject to external factors and may be revised.