Quálitas Controladora S.A.B (Q) investor relations material

Executive summary

• Achieved record 6,024,450 insured units, reflecting a 9.5% CAGR over five years and doubling the pace of previous milestones.

• Written premiums grew 12.9% year-over-year in Q2 and 12.4% for the first half of 2025, with net income up 1.7% in Q2 and 35.5% year-to-date.

• Maintained market leadership in Mexico with a 31.7% share in written premiums and 41.9% in the heavy equipment segment.

• Customer satisfaction reached 96%, with significant adoption of AI and digital tools driving operational efficiencies.

• Focused on strengthening leadership in Mexico, expanding subsidiaries, and exploring new business opportunities.

Financial highlights

• Earned premiums increased 10.6% in Q2 and 14.1% year-to-date; comprehensive financial income up 25.4% year-to-date.

• Combined ratio was 92.8% for Q2 and 90.5% for the first half; loss ratio improved to 63.1% in Q2 and 61.4% year-to-date.

• Net income reached $1.4 billion in Q2 and $3.6 billion year-to-date, with net margins of 8.1% and 9.8% respectively.

• 12-month ROE at 26.5%, EPS at $15.1, and P/E ratio at 12.7.

• Investment portfolio yield at 8.8%, with assets up 18.4% and equity up 13.4% year-over-year.

Outlook and guidance

• Full-year top-line growth expected in the high single digits to low teens, with KPIs to remain within target levels.

• Growth in written premiums expected to decelerate; loss ratios may rise in the second half due to seasonal events.

• ROE expected to moderate toward the long-term target of 20–25% as claims normalize.

• Emphasis on maintaining strong capital position, regulatory compliance, and international expansion.