Slides
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Earnings BB Seguridade 3Q26
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2/12 Loss ratio Pension plans reserves Pension plans net inflow Premium bonds collections 22.7% -0.5 p.p. YoY R$514.2 bn +12.1% YoY R$4.5 bn -R$9.1 bn (9M25) R$5.2 bn -3.6% YoY Lottery prizes paid R$60.3 mm +18.1% YoY *Changes on 9M25. 1 – Managerial net income (does not consider IFRS 17 standards and extraordinary events) 2 – Consolidated, net of taxes, considering the effective tax rate and the equity stake of BB Seguridade in each company In 9M26 R$ 1.6 billion (+4.4%) R$ 5.2 billion (-1.1%) financial result²operating result² R$ 6.8 billion (+0.1%) net income¹
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3/12 Our numbers
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4/12 Recurring net income and net investment income¹ Recurring net income (R$ mm) Consolidated net investment income³ (R$ mm) 1 – Does not consider IFRS 17 standards | 2- Adjustment of the one-month lag in the IGP-M accrual on defined benefited plans of Brasilprev | 3- Net of taxes considering the effective tax rate of each company. 2,562 2,432 6,798 6,804 2,436 2,312 6,830 6,717 3Q25 3Q26 9M25 9M26 Recurring net income Normalized net income² 126 120 (32) 87IGP-M lag +0.1% 715 656 1,498 1,565 27.9% 27.0% 22.0% 23.0% 3Q25 3Q26 9M25 9M26 Net investment income % net investment income in the net income +4%
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5/12 1 –Changes on retained claims and acquisition costs, considering the ratios reported in 9M25. -R$61 mm Operating result change +R$66 mm Net investment income change Recurring net income main components -R$23.5 mm (9M26) vs. +R$8.4 mm (9M25) (54) 80 28 11 6,737 (68) 119 15 6,8046,798 (127) +0.1%
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6/12 4.0 3.3 11.0 10.3 3Q25 3Q26 9M25 9M26 -7% 4.4 3.6 12.2 11.1 3Q25 3Q26 9M25 9M26 -9% Performance ratios (%) Net investment income (R$ mm) Premium written (R$ bn) Premiums written by segment Recurring net income (R$ mm) Retained premiums (R$ bn) YoY: -18% YoY: -11% YoY: -19% YoY: -18% Insurance Rural Term life Credit life Home Corporate Mortgage life Breakdown of premiums 9M26 46.8% 22.9% 20.4% 4.2% 3.0% 2.4% Chg. On 9M25 (13.0%) (6.5%) (10.3%) +25.0% (2.9%) (0.5%) On 3Q25 (24.3%) (8.9%) (26.9%) +28.6% (9.4%) (0.5%) 31.1 32.7 30.9 32.6 22.1 22.5 23.2 22.7 10.3 9.9 10.4 10.2 63.5 65.1 64.5 65.5 3Q25 3Q26 9M25 9M26 Commission ratio Loss ratio G&A ratio Combined ratio 327 269 920 840 3Q25 3Q26 9M25 9M26 -9% 1,272 1,138 3,635 3,482 3Q25 3Q26 9M25 9M26 -4%
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7/12 38.0 35.2 39.9 37.3 3Q25 3Q26 9M25 9M26 -2.5 p.p. Contributions (R$ bn) Net inflow (R$ bn) Reserves (R$ bn) YoY: +5% 459 466 484 496 514 Sep/25 Dec/25 Mar/26 Jun/26 Sep/26 YoY: +12% Pension plans 1 – Source: Quantum Axis. Mgmt. fee (R$ mm) Managerial net income (R$ mm) YoY: +0.2% YoY: +6%Cost to income ratio (%) Net investment income (R$ mm) YoY: -2.8 p.p. 13 14 36 39 3Q25 3Q26 9M25 9M26 +6% -4 2 -9 4 11.4% 8.5% 11.2% 8.3% 3Q25 3Q26 9M25 9M26 Net inflow¹ Redemption ratio 1,021 1,081 2,869 3,056 0.86% 0.83% 0.87% 0.84% 3Q25 3Q26 9M25 9M26 Management fee Avg. management fee 15.5% % of multimarket funds on P/VGBL AuM 15.0% 15.5% 15.0% +7% 512 456 693 711 3Q25 3Q26 9M25 9M26 +3% 709 711 1,481 1,586 3Q25 3Q26 9M25 9M26 +7% YoY: -11%
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8/12 Collections (R$ mm) Reserves (R$ mm) Lottery prizes paid (R$ mm) Net investment income Net income (R$ mm) 11,643 11,361 11,369 11,492 11,511 Sep/25 Dec/25 Mar/26 Jun/26 Sep/26 YoY: -5% YoY: -1% YoY: -1% YoY: -9% YoY: -8% Premium bonds 1,849 1,761 5,357 5,164 3Q25 3Q26 9M25 9M26 -4% 20 18 51 60 3Q25 3Q26 9M25 9M26 +18% 167 154 364 427 5.0 4.6 3.5 4.1 3Q25 3Q26 9M25 9M26 Net investment income (R$ mm) Net interest margin (p.p.) +17% 91 91 219 270 3Q25 3Q26 9M25 9M26 +23%
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9/12 Brokerage revenue breakdownBrokerage revenues (R$ mm) Net margin (%) Net income (R$ mm) YoY: -5% YoY: -6% YoY: -0.9 p.p. BB Corretora 1,481 1,409 4,291 4,200 3Q25 3Q26 9M25 9M26 -2% 63.7 62.8 62.4 62.3 3Q25 3Q26 9M25 9M26 (0.02 p.p.) 943 884 2,676 2,618 3Q25 3Q26 9M25 9M26 -2% Insurance 81.1% Pension plans 8.8% Premium bonds 9.7% Other 0.4% 9M25 Insurance 82.2% Pension plans 10.0% Premium bonds 7.2% Other 0.6% 9M26
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10/12 Guidance
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11/12 1 – Sum of the adjusted non-interest operating results before income taxes of Brasilseg, Brasilprev, Brasilcap, Brasildental and BB Corretora, weighted by the equity stake of BB Seguridade in each company. Guidance 2026 PGBL and VGBL pension plans reserves of Brasilprev Premiums written of Brasilseg Non-interest operating result (ex- holding)¹ -11%-15% -3% -1.2% -7% -3%-7% Observed 9M26 2% -9.2% Observed 9M26 -3% 11%8% 12.6% Observed 9M26 Previous estimates Revised estimates Maintained Maintained
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12/12 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