Caixa Seguridade Participações (CXSE3) Q1 2026 earnings summary

Executive summary

• Achieved record net income of BRL 1.1 billion in Q1 2026, up 13.2% year-over-year, with ROE at 65.9% and a dividend payout ratio of 91.9%, totaling BRL 1.05 billion.

• Operating revenues reached BRL 1.5 billion, up 10.3% year-over-year, driven by insurance, accumulation, and distribution businesses.

• Celebrated five years since IPO, distributing nearly BRL 16 billion in dividends and receiving ABNT Women Gold Seal for diversity and inclusion.

• Maintained market leadership in mortgage insurance, with written premiums reaching BRL 1.1 billion, up 13% year-over-year.

• Premium bonds posted best performance for the fifth consecutive quarter, with over 28% year-over-year growth.

Financial highlights

• Written premiums totaled BRL 2.5 billion, with mortgage insurance up 13%, home insurance up 5.5%, and auto insurance via Youse up 104%.

• Private pension reserves reached BRL 206.8 billion, up 15.6% year-over-year, with net inflows of BRL 1.3 billion.

• Premium bonds funds raised grew 28.3% to BRL 542.9 million; reserves at BRL 3.6 billion, up 37%.

• Credit letters portfolio surpassed BRL 50.9 billion, up over 39% year-over-year.

• Financial result grew 18% year-over-year, accounting for 32% of net income.

Outlook and guidance

• Focus on bundled insurance strategies, digital sales channels, and expansion of real estate credit portfolio.

• Launch of a Super App and ongoing modernization to drive client engagement and product penetration.

• Ongoing assessment of M&A opportunities and new product launches, especially in underserved segments.

• Strategic priority on diversity, inclusion, and climate management, with recognition in B3 Carbon Efficient Index and ABNT Gold Seal.

• Initiatives to reduce outbound portability in private pension and enhance customer retention.