BB Seguridade Participações (BBSE3) investor relations material

Market position and financial highlights

• Largest insurance group in Latin America by market cap, valued at US$14.7bn as of June 2026, with recurring net income of R$4.4bn and a 23% CAGR from 2021-2025.

• Dividend payout averaged 89.7% (2013-2025), distributing R$3.9bn in 1H26.

• Economic value added reached R$7.8bn, with a 27% CAGR (2021-2025).

• Serves 6.9 million customers with 3,000 employees, operating in a market with low insurance penetration and high growth potential.

• Defensive, diversified business model with risk and geographic dispersion.

Strategic pillars and business model

• Focus on customer-centricity, presence, and sustainable value creation as core long-term strategy pillars.

• Offers a diversified portfolio: rural, pension, home, credit life, term life, premium bonds, mortgage life, and dental plans.

• Strategic partnerships with private sector and Banco do Brasil's distribution network, leveraging over 92 million customers.

• Operates through subsidiaries and joint ventures in insurance, pension, premium bonds, and dental insurance.

• Maintains flexibility and fast decision-making through private partnerships.

Market environment and growth drivers

• Insurance penetration in Brazil remains low compared to developed markets, with significant room for expansion in life, rural, and pension segments.

• Higher GDP per capita and controlled inflation are key for insurance industry development.

• Structural low inflation and stable interest rates support industry growth.

• Only 7% of Brazil's planted area is protected by crop insurance, highlighting rural segment potential.