Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q4 2025 Earnings Presentation
13 slides from Bb Seguridade Participacoes Sa's earnings presentation, Feb 10, 2026
Slide 1: Earnings 4Q25
BB Seguridade Earnings 4Q25
Slide 2: 2025 highlights
New products Credit life R$ 7.0 billion (+2.1%) R$ 627 mm R$ 88 mm operating result², with loss in premiums written with in projected premiums for the expansion of elegible consortium ratio at historical low portfolio Pension plans R$ 2.3 bn In 2025 in reserves as credit collateral R$ 2.1 billion (+
Slide 3: Our numbers
S , BB SEGUROS Our number Ne
Slide 4: Recurring managerial net income and net investment income
Recurring managerial net income and net investment income¹ Recurring net income (R$ mm) Consolidated net investment income³ (R$ mm) +11% 9,145 25.3% 22.8% 8,154 9,084 8,145 14.7% 15.8% +61% 2,074 1,286 2,174 2,315 2,154 2,286 577 319 IGP-M lag 20 (29) 8 (61) 4Q24 4Q25 2024 2025 4Q24 4Q25 2024 2025 R
Slide 5: Recurring managerial net income main components
Recurring managerial net income main components Net investment income change Operating result change +R$789 mm +R$142 mm 95 652 206 9,084 535 81 38 (129) 8,295 (70) 8,154 (479) +R$18 mm (2025) vs. -R$188 mm (2024) +11.4% 1 –Changes on retained claims and acquisition costs, considering the ratios rep
Slide 6: Brasilseg
Brasilseg Premiums written (R$ bn) Retained premiums (R$ bn) Premiums written by segment Breakdown of YoY: -11% YoY: -9% Chg. On 2024 On 4Q24 -9% -4% premiums Rural 50.0% (11.4%) (10.8%) 17.5 15.3 14.7 16.0 Term life 22.5% (0.9%) (8.0%) Credit life 19.4% (15.0%) (23.5%) Corporate¹ 2.6% (2.1%) (7.6%)
Slide 7: Brasilprev
Brasilprev Contributions (R$ bn) Net inflow (R$ bn) Reserves (R$ bn) 11.6% 10.4% 10.9% YoY: -37% 10.0% YoY: +9% -24% 7 466 439 449 459 429 59 45 -1 -6 13 8 -15 4Q24 4Q25 2024 2025 4Q24 4Q25 2024 2025 Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 Net inflow¹ Redemption ratio 1 – Fonte: Quantum Axis. Mgmt. fee (
Slide 8: Brasilcap
Brasilcap Collections (R$ mm) Reserves (R$ mm) +1% YoY: -20% YoY: +3% 6,798 11,279 11,643 11,361 6,717 11,020 10,981 1,809 1,441 4Q24 4Q25 2024 2025 Dec/24 Mar/25 Jun/25 Sep/25 Dec/25 Lottery prizes paid (R$ mm) Net investment income Net income (R$ mm) 3.5 4.7 3.3 3.5 +13% +20% YoY: +24% YoY: +43% +
Slide 9: BB Corretora
BB Corretora Brokerage revenues (R$ mm) Brokerage revenue breakdown YoY: -4% Pension Other Pension Other +3% Premium plans 0.4% plans Premium 0.4% 11.6% bonds 8.3% bonds 5,506 5,644 9.3% 9.1% 2024 2025 1,404 1,352 Insurance Insurance 4Q24 4Q25 2024 2025 78.7% 82.2% Net margin (%) Net income (R$ mm)
Slide 10: Guidance
S , BB SEGUROS Guidance
Slide 11: Guidance 2025
Guidance 2025 PGBL and VGBL pension plans 9.3% reserves of Brasilprev 0% 9% 12% Observed 2025 Premiums written of Brasilseg -8.8% -4% 0% 1% Observed 2025 Non-interest operating result (ex- 2.8% holding)¹ 0% 1% 4% Observed 2025 1 – Sum of the adjusted non-interest operating results before income taxe
Slide 12: Guidance 2026
Guidance 2026 PGBL and VGBL pension plans reserves of Brasilprev 8% 11% Premiums written of Brasilseg -3% 2% Non-interest operating result (ex- holding)¹ -7% -3% 1 – Sum of the adjusted non-interest operating results before income taxes of Brasilseg, Brasilprev, Brasilcap, Brasildental and BB Corret
Slide 13: 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 13/13
BB Seguridade Participações — Q4 2025 Earnings Presentation on 6ix