IRB-Brasil Resseguros (IRBR3) Status Update summary

Meeting logistics and context

• Preparatory video conference held for the Extraordinary General Meeting scheduled for November 3, 2025, with simultaneous interpretation and materials available in Portuguese and English.

• Participants were informed about the Q&A process and the forward-looking nature of statements made during the presentation.

• Management emphasized that projections are subject to risks and uncertainties influenced by economic and operational factors.

Company performance and turnaround

• Completed turnaround process with improved profitability and regulatory ratios from 2022 to 2024, aiming for sustainable long-term growth and value creation starting in 2025.

• Organizational restructuring, operational efficiency, debt renegotiation, and asset liquidation completed between 2023 and 2024.

• Underwriting result improved from a negative R$ 1.5 billion in 2022 to a positive R$ 452 million in 2024.

• Loss ratio reduced from 104% in 2022 to 63% in 2024; net income rose from a R$ 630 million loss in 2022 to R$ 373 million profit in 2024.

• Solvency ratio increased from 101% in 2022 to 183% in 2024; technical provision coverage rose from 105% to 112%.

Strategic context and objectives

• New equity-based incentive plan aligns management and shareholder interests, supports retention, succession, and talent attraction, and ensures compliance with new regulations effective January 2026.