Caixa Seguridade Participações (CXSE3) Q3 2025 earnings summary

Executive summary

• Achieved record managerial net income of BRL 1.14 billion in 3Q25, up 13.4% year-over-year and 9.5% sequentially; YTD net income reached BRL 3.22 billion, up 23.9% from 9M24.

• Recurring ROE reached 69.2% in 3Q25, a 6.3 p.p. increase year-over-year, reflecting operational and financial improvements.

• Active ESG agenda, including participation in COP30, financial education initiatives, and expansion of social programs.

• Achieved record written premiums in mortgage and home insurance, with strong growth in policyholder retention and bundled products.

• Equity method results contributed 57.4% of operational revenues, growing 36% year-over-year, with strong performance in key subsidiaries.

Financial highlights

• Operating revenues hit a record BRL 1.51 billion in 3Q25, up 13.6% year-over-year and 9.2% sequentially; YTD revenues up 23.8%.

• Managerial net income for 3Q25 was BRL 1.14 billion (+13.4% YoY), with accounting net income at BRL 3.22 billion for 9M25 (+23.9% YoY).

• Dividend payout ratio stood at 92.1%, with BRL 1.05 billion distributed in 3Q25 and R$2.83 billion in 2025.

• Financial result for 3Q25 grew 74.6% year-over-year, driven by higher SELIC rates and increased investment balances.

• Basic EPS for 9M25: R$1.07319; Q3: R$0.38025.

Outlook and guidance

• Sustained growth expected in mortgage, home, and life insurance lines, with continued focus on multi-year policies, bundled products, and digital transformation.

• Private pension reserves projected to grow, supported by commercial actions and high net inflows.

• Ongoing commitment to high dividend payouts and value delivery to shareholders.

• Monitoring legislative and regulatory changes, such as IOF tax, dividend taxation, and new accounting standards.