Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q1 2025 Earnings Presentation
14 slides from Bb Seguridade Participacoes Sa's earnings presentation, May 6, 2025
Slide 1: BB Seguridade Earnings Presentation 1Q25
BB Seguridade Earnings Presentation 1Q25
Slide 2: Highlights 1Q25
Managerial Operating Net investment net income¹ result² income² R$ 2.0bn R$ 1.7bn R$ 0.3bn +8.3% +4.0% +37.9% Highlights Retained earned premiums R$3.6bn +7.1% 1Q25 Loss ratio 26.1% -0.3p.p. Pension plans reserves R$439.3bn +8.2% Brokerage revenues R$1.4bn +4.1% *Changes on 1Q24 1 – Does not conside
Slide 3: Technology, new businesses and digital
Technology, new businesses and digital Portfolio management Digital transformation Credit life for private Credito life for Credit life R$127mm of Investments focused on payroll loan consortium for farmers products, digital maturity and business R$61mm¹ 4k¹ +39% (yoy) sustainability related to the p
Slide 4: Customer at the center
Customer at the center Sustainable growth with quality Overprotected +4.6 pts +9.7% Number of Overprotected NPS customers in the quality zone +1.8 pt Mar/24 Jun/24 Sep/24 Dec/24 Mar/25 Service NPS Reduction of complaints -25% Relationship NPS 5.8 pts Improvement of churn -15% higher than the average
Slide 5: Our numbers
@ BB SEGuROS Pra tudo que importa Our numbers
Slide 6: Adjusted net income and net investment income
Adjusted net income and net investment income¹ Adjusted net income (R$ mm) Consolidated net investment income³ (R$ mm) 16.0% 12.6% YoY: +8% YoY: +38% 2,074 320 1,918 1,996 1,844 232 IGP-M lag (74) (78) 1Q24 1Q25 1Q24 1Q25 Adjusted net income Net investment income Normalized net income² % net investm
Slide 7: Adjusted net income main components
Adjusted net income main components (R$ mm) Net investment income change Operating result change +R$88 mm +R$64 mm 32 13 6 61 1,996 140 31 (31) 1,908 1,844 (4) (95) -R$10 mm (1Q25) vs. -R$71 mm (1Q24) +8.3% 1 – Changes on retained claims and acquisition costs, considering the ratios reported in 1Q24
Slide 8: Brasilseg
Brasilseg Prewmiums written (R$ bn) Retained premiums¹ (R$ bn) Premiums written by segment YoY: -2% YoY: -6% (ex-warranty YoY: +2% Breakdown of 4.3 insurance) Chg. On 1Q24 4.0 premiums Rural 48.9% (0.1%) 3.7 3.6 0.1 Term life 22.5% +4.3% Credit life 19.9% (21.8%) Corporate² 3.2% (41.2%) Home 3.1% +1
Slide 9: Brasilprev
Brasilprev Contributions (R$ bn) Net inflow (R$ bn) Reserves (R$ bn) YoY: -20% 11.6% YoY: +8% 17 8.6% 13 423 429 439 5.6 406 410 -1.5 1Q24 1Q25 1Q24 1Q25 Mar/24 Jun/24 Sep/24 Dec/24 Mar/25 Net inflow Redemption ratio Mgmt. fee (R$ mm) Adjusted net income (R$ mm) YoY: +3% 0.92% 0.88% YoY: +17% 890 92
Slide 10: Brasilcap
Brasilcap Collections (R$ mm) Reserves (R$ mm) YoY: -0,3% YoY: -2% 1,664 1,659 11,152 11,165 11,025 11,020 10,981 1Q24 1Q25 Mar/24 Jun/24 Sep/24 Dec/24 Mar/25 Lottery prizes paid (R$ mm) Net investment income Net income (R$ mm) 4.3 2.5 YoY: +20% YoY: -42% YoY: -24% 71 16 126 13 54 73 1Q24 1Q25 1Q24
Slide 11: BB Corretora
BB Corretora Brokerage revenue (R$ mm) Brokerage revenue breakdown Other Other Pension Pension YoY: +4% Premium 0.4% Premium 0.4% plans plans 13.9% bonds bonds 1,346 1,401 9.6% 9.6% 10.0% 1Q24 1Q25 Insurance Insurance 75.7% 80.4% 1Q24 1Q25 Net margin (%) Net income (R$mm) YoY: +1.7 p.p. YoY: +7% 58.
Slide 12: Guidance
& BB SEGuROS Pra tudo que importa Guidance
Slide 13: Guidance 2025
Guidance 2025 Non-interest operating result (ex- 4.2% holding)¹ 0% 3% 8% Observed 1Q25 Premiums written of Brasilseg -5.9% 0% 2% 7% Observed 1Q25 PGBL and VGBL pension plans 8.7% reserves of Brasilprev 0% 12% 16% Observed 1Q25 1 – Sum of the adjusted non-interest operating results before income taxe
Slide 14: Contacts
Contacts Investor Relations Rua Alexandre Dumas, 1671 – Térreo – Ala B Chácara Santo Antônio – São Paulo - SP CEP: 04717-903 Telephone: (11) 4297-0730 ri@bbseg.com.br bbseguridaderi.com.br/en
BB Seguridade Participações — Q1 2025 Earnings Presentation on 6ix