Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q1 2026 Earnings Presentation
12 slides from Bb Seguridade Participacoes Sa's earnings presentation, May 5, 2026
Slide 1: BB Seguridade Earnings 1Q26
BB Seguridade Earnings 1Q26
Slide 2: 1Q26 Highlights
1Q26 Highlights R$2.2 billion(+11.4%) Insurance R$3.6 bn retained premiums -0.1% YoY net income¹ Pension plans R$484.2 bn reserves +10.2% YoY Pension plans R$3.9 bn R$ 1.7 billion (+2.2%) R$ 0.5 billion (+58.5%) net inflow -R$1.5 bn YoY operating result², financial result², with loss ratio improveme
Slide 3: Our numbers
S , BB SEGUROS Our number Ne
Slide 4: Managerial net income and net investment income
Managerial net income and net investment income¹ Managerial net income (R$ mm) Consolidated net investment income³ (R$ mm) 22.8% 16.0% 507 2,220 2,190 2,074 1,996 320 IGP-M lag (78) 29 1Q25 1Q26 1Q25 1Q26 Net income Net investment income Normalized net income² % net investment income in the net inco
Slide 5: Managerial net income main components
Managerial net income main components Net investment income change Operating result change +R$187 mm +R$37 mm 108 5 2,220 59 75 1,996 11 25 2,033 (1) (55) (1) -R$6 mm (1Q26) vs. -R$10 mm (1Q25) +11.2% 1 –Changes on retained claims and acquisition costs, considering the ratios reported in 1Q25. 5/12
Slide 6: Insurance
Insurance Premium written (R$ bn) Premiums written by segment Retained premiums (R$ bn) Breakdown of Chg. On 1Q25 YoY: -2% premiums YoY: -0.1% Rural 49.3% (1.6%) 4.0 3.9 3.6 3.6 Term life 21.9% (4.9%) Credit life 19.1% (6.4%) Home 3.8% +21.6% Corporate 3.4% +4.5% Mortgage life 2.2% (1.0%) 1Q25 1Q26
Slide 7: Pension plans
Pension plans Contributions (R$ bn) Net inflow (R$ bn) Reserves (R$ bn) 11.6% YoY: +9% YoY: +10% 7.9% 15 459 466 484 13 439 449 3.9 -1.5 1Q25 1Q26 1Q25 1Q26 Mar/25 Jun/25 Sep/25 Dec/25 Mar/26 Net inflow¹ Redemption ratio 1 – Source: Quantum Axis. Mgmt. fee (R$ mm) Cost to income ratio (%) Net invest
Slide 8: Premium bonds
Premium bonds Collections (R$ mm) Reserves (R$ mm) YoY: +8% YoY: +4% 1,785 1,659 11,279 11,643 11,361 11,369 10,981 1Q25 1Q26 Mar/25 Jun/25 Sep/25 Dec/25 Mar/26 Lottery prizes paid (R$ mm) Net investment income Net income (R$ mm) 24 4.6 2.5 81 YoY: +55% YoY: +92% 141 YoY: +51% 16 54 73 1Q25 1Q26 1Q2
Slide 9: BB Corretora
BB Corretora Brokerage revenues (R$ mm) Brokerage revenue breakdown YoY: +1% Pension Other Pension Other 1,401 1,420 Premium Premium 0.5% plans 0.4% plans 9.6% bonds bonds 11.4% 9.6% 7.8% 1Q25 1Q26 Insurance Insurance 1Q25 1Q26 80.4% 80.3% Net margin (%) Net income (R$ mm) YoY: +1.0 p.p. YoY: +3% 60
Slide 10: Guidance
S , BB SEGUROS Guidance
Slide 11: Guidance 2026
Guidance 2026 10.9% PGBL and VGBL pension plans reserves of Brasilprev 11% 8% Observed 1Q26 -2.3% Premiums written of Brasilseg -3% 2% Observed 1Q26 1.3% Non-interest operating result (ex- holding)¹ -7% -3% Observed 1Q26 1 – Sum of the adjusted non-interest operating results before income taxes of B
Slide 12: 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 12/12
BB Seguridade Participações — Q1 2026 Earnings Presentation on 6ix