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EARNINGS RELEASE PSSA3 CARLOS Broker 30 ueard withPorto Earnings Presentation 2Q26 Porto
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2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 2 CONSOLIDATED SUMMARY 2Q26 vs. 2Q25 Recurring Total Revenue¹ R$ 11 B (+11%) Recurring ROAE² 22% (-2.3 p.p.) 2Q26 Recurring Net Income² R$ 889 M (+1.2%) No. of Clients 18.9M (+1.2 M) No. of Businesses 36.9 M (+5.9 M) Porto Brokers’ NPS 86 pts (1) Excluding the effects of the new revenue and cos t deferral model for the Consortium, now applied by group and quota. (2) Adjusted by: i) reversal of deferred tax of R$ 1 85 million arising from the merger of ISAR in 1Q26, and ii) cash benefit from 4Q25 onwards resulting from income tax reduction due to amortization of goodwill of CDF. Recurring Total Revenue¹ R$ 22 B (+10%) Recurring ROAE² 23% (-0.7 p.p.) 1S26 Recurring Net Income² R$ 1.8 B (+8%) Net Income R$ 2 B (+18%) ROAE 25% (+1.3 p.p.) Net Income R$ 879 B (+0.2%) ROAE 22% (-2.5 p.p.)
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+4.9% Net Income 3 +36% Net Income +329k Members - Porto Saúde (+153k in Health Insurance and +176k in Dental) -32% Net Income VERTICALS SUMMARY 2Q26 vs. 2Q25 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 33% ROAE (+2 p.p.) +11% Net Income 25% ROAE (+4 p.p.) -4 p.p. Efficiency Ratio
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4 Evolution of Digital Service (% of Total) 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 64% 67% 71% 72% 73% 2Q25 3Q25 4Q25 1Q26 2Q26 +9 p.p. 37% 41% 45% 50% 54% 2Q25 3Q25 4Q25 1Q26 2Q26 +17 p.p. Share in the Digital Customer Service Share in Digit al Broker Service Consistent evolution in the channels for Clients and Brokers DIGITAL SERVICE
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+8.5% +14.4% +16.6%* +5.6% 5,430 2,048 1,663 624 5,889 2,343 659 1,939* 2 1 3 4 5 +11% Total Revenue (YoY)* Revenue by Line of Business (R$ million) (1) Includes premiums from Auto, P&C, Life, Uruguay and other businesses / (2) Consisting of Health Insurance, Dental Insurance, Managed Plans and Occupational Health / (3) Includes premiums and income from Credit Card, Loan, Financing, Financial Risks, Pension Plan, Consortium, Investment and Premium Bonds | (4) Porto Seguro Vertical is segmented between Porto Seguro Partnership, Strategic Partnerships and Digital Products, mainly offering assistance services for households, companies and vehicles. REVENUES DOUBLE-DIGIT GROWTH IN TOTAL REVENUE 2Q25 2Q26 2Q25 2Q262Q25 2Q26 2Q26 2Q25 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. *Excluding the effects of the improvement in the Consortium’s revenue and cost deferral method through the systemic implementation of the new granular control model by group and quota
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6 33% 25% 16% 22% ROAE without Excess Capital 26%ROAE¹ ROAE¹ of 22% PROFITABILITY ROAE¹ OF 22% ROAE Breakdown - 2Q26 (1) The consolidated ROAE differs from the average o f the verticals mainly due to the results of the Controlling Company and Other Businesses. 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 24%
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55% 13% 26% 6% Healthcare Bank Service Insurance 58% 18% 17% 6% Healthcare Bank Service Insurance Net Income: R$ 878 M Net Income: R$ 889 M Auto³ Other Insurance³ 56% 44% Auto³ Other Insurance³ 7 2Q26 2Q25+1% RESULTS DIVERSIFICATION CONSISTENT AND DIVERSIFIED GROWTH IN RESULTS Net Income Breakdown ¹,² 58% 42% 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. (1) The profit sharing does not consider the controlling Company and other businesses | (2) The recurring result considers the benefit of R$ 9.2 million quarterly in cash resulting from the tax result after Amortization of CDF’s goodwill. | (3) Participation in the Subscription Result of the Insurance Vertical (earned premium – claims – commission expenses / earned premium).
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179.3 (55%) 462.4 475.2 Total Revenue -0.3 Pension Plan (Traditional) ¹ 13.1 ALM PortoCap ¹ Adjusted Revenue 39% 48% 44% 40% 26% 21% 14% 18% 27% 3%4% 2Q25 3%5% 1Q26 4%5% 2Q26 Revenue from the financial investment portfolio (ex-pension plan and ALM), managed by the Treasury, was R$ 475.2 million in 2Q26. FINANCIAL INVESTMENT PERFORMANCE Breakdown of Nominal Portfolio – 2Q26 (R$ M) Breakdown of the Investment Portfolio (1) Result generated on funds invested by the Compan y to mitigate the mismatch between assets and liabilities (ALM) of Traditional Pension operations (product whose sale was discontinued), Credit Operations (Porto Bank) and Premium Bonds (PortoCap). (2) Allocation primarily in floating rates. (3) Allocation mostly marked on the curve. (4) As of 4Q25, we had an increase in the duration of fixed-rate securities through derivatives, despite the reduction in the percentage exposure of the equity. (5) Through the sale of DAPs, we reduce exposure to IPCAs for the year 2026. Equities Corporate Bonds 2 Floating rate Inflation-linked 3 5 Fixed rate 3 4 5 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 8
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3,912 874 480 4,221 982 508 Auto P&C Life +7.9% +12.4% +5.8% 2Q25 2Q26 (1) Includes premiums from Auto, P&C, Live, and Uruguay. 9 Quarterly Premiums – Main Products (R$ million) R$ 5.9 B Porto Seguro Revenue¹ in 2Q26 (+8.5% vs. 2Q25) NPS of Porto Seguro Auto in 2Q26 83 pts NPS of Azul Seguros Auto in 2Q26 82 pts NPS of Porto Seguro Residência in 2Q26 81 pts 2Q26 EARNINGS RELEASE PORTO SEGURO S.A.
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10 58.5% 25.2% 32.2% 56.7% 28.0% 33.0% Auto P&C Life -1.8 p.p. +2.9 p.p. +0.8 p.p. 2Q25 2Q26 Quarterly Loss Ratio – Main Products (%) 49.1% Porto Seguro Loss Ratio in 2Q26 (-1.3 p.p. vs. 2Q25) 2Q26 EARNINGS RELEASE PORTO SEGURO S.A.
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5% 12% 27%56% Other Life P&C Auto Net Income (R$ million) ROAE (% p.a.) Porto Seguro: Net Income of R$ 455.8 M (+4.9% vs. 2Q25) and ROAE of 32.9% in 2Q26 (+1.8 p.p. vs. 1Q25). 434 451 459 467 456 31.1% 32.2% 32.3% 33.8% 32.9% 2Q25 3Q25 4Q25 1Q26 2Q26 11 Distribution of Subscription Result (2Q26) (%)1 Net Income and Profitability (R$ M) 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. (1) Insurance Vertical Subscription Result = earned premium – claims – commission / earned premium
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+23.2% 12 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. +153k Lives Insured in Health (+20.3% vs. 2Q25) R$ 2.3 B Total Revenues of Porto Saúde in 2Q26 (+14.4% vs. 2Q25) R$ 144 M Net Income in 2Q26 (+36.4% vs. 2Q25) 751 784 831 858 904 2Q25 3Q25 4Q25 1Q26 2Q26 +20.3% +5.3% Members - Health Insurance (thousands) Members and Premiums - Health Insurance 1.954 2.091 2.172 2.156 2.243 2Q25 3Q25 4Q25 1Q26 2Q26 +14.8% +4.0% Written Premium - Health Insurance (R$ million)
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13 78.4% 78.3% 74.9% 70.0% 77 .9% 2Q25 3Q25 4Q25 1Q26 2Q26 -0.4 p.p. 77.3% 77.3% 73.5% 68.9% 76.9% 2Q25 3Q25 4Q25 1Q26 2Q26 -0.4 p.p. Loss Ratio - Health Insurance Loss Ratio - Health and Dental Insurance 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. Loss Ratio - Health Insurance and Health + Dental Insurance
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2Q25 3Q25 4Q25 1Q26 2Q26 25.7%22.4% 105.5 126.3 32.7% 169.7 36.5% 215.7 24.0% 143.9 Result (R$ million) ROAE (%) 14 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. Net income and Profitability
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143¹ -4.0 p.p. 29.5% 30.7% 29.5% 27 .7% 25.4% 2Q25 3Q25 4Q25 1Q26 2Q26 7 .0 M Businesses +33% vs. 2Q25 76 pts NPS of Porto Bank in 2Q26 25.4% Efficiency Ratio -4 p.p. vs. 2Q25 15 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. (1) Excluding the effects of the improvement in the Consortium’s revenue and cost deferral method through the systemic implementation of the new granular control model by group and quota. (2) Methodology for calculating the Efficiency Ratio: (Operating and Administrative Expenses) / (Revenue net of taxes – Commission – Rewards). Efficiency Ratio²Revenue 1.015 1.041 1.053 1.129 1.099 648 738 516 730 773 276 136 144 2Q25 3Q25 4Q25 83 143¹ 1Q26 67 139¹ 2Q26 1,663 1,779 1,845 1,942 1,939 Pro-forma revenue¹ Fee-Based Revenue (R$ million) Net Financial Revenue (R$ million) Average Monthly Revenue per Active Customer (R$)
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16 Over 90 Days1 Over 15-90 Days 6.9% 8.2% 2Q25 7 .2% 8.8% 3Q25 7 .3% 8.8% 4Q25 8.2% 8.9% 1Q26 9.4% 9.5% 2Q26 Over 90 – Porto Bank Over 90 - Market² 4.2% 2Q25 4.5% 3Q25 4.3% 4Q25 5.2% 1Q26 5.0% 2Q26 Stage 3 13.7% 2Q25 14.6% 3Q25 15.3% 4Q25 13.8% 1Q26 15.1% 2Q26 (1) Delays up to 360 days | (2) Source: Bacen, weighted by the company's comparable portfolio. 2Q26 EARNINGS RELEASE PORTO SEGURO S.A.
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17 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. Income and ROAE 204.1 196.0 219.4 211.5 137 .8 27 .6% 26.1% 28.4% 24.8% 16.3% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Income (R$ million) ROAE (%)
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Total Revenue (R$ M) and Revenue Breakdown (%) 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 18 75.9% 76.7% 74.9% 77 .2% 75.1% 23.4% 22.6% 24,1% 21,7% 24,0% 0.7% 2Q25 0.8% 3Q25 0.9% 4Q25 1.1% 1Q26 2Q26 0.9% PoBo Seguro PaBnership Strategic paBnerships Digital Products 682k Car Services 684k Services for homes and businesses 80 pts NPS at Porto Seguro in 2Q26 659 624 606 663 +5.6% +34.3% in Digital Product Revenues in 2Q26 vs. 2Q25 +8.2% in Strategic Partnership Revenues in 2Q26 vs. 2Q25 674
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Net Income and Profitability1 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. 56.8 49.1 91.1 60.6 57 .4 22.0% 18.6% 34.4% 22.8% 25.4% 2Q25 3Q25 4Q25 1Q26 2Q26 Porto Result + Minority Interest (R$ million) ROAE (1) Result and ROAE referring to Porto + Minority Shareholders 19 R$ 95 M in EBITDA (-6.2% vs 2Q25) and 14% EBITDA Margin in 2Q26 (-1.8 p.p. vs. 2Q25) R$ 57 M¹ in Net Income (+1.1% vs 2Q25) and ROAE at 25.4% in the 2Q26 (+4.0 p.p. vs. 2Q25)
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The Company clarifies that the projections disclosed reflect Management’s expectations regarding the Company’s business and therefore do not represent a promise of performance or result. The realization of these expectations will depend on several factors, many of them external to the Company, and actual results may differ from the projections presented. The projections will be monitored and reviewed by the Company, pursuant to the applicable regulations. 20 2Q26 EARNINGS RELEASE PORTO SEGURO S.A. GUIDANCE FOR THE YEAR 2026 Review – Guidance 2026 (1) Porto Bank Total Revenue: Revenue impacted by improvements in the deferral method of consortium revenues and costs and now net of expenses with Rewards and card brands. (2) New calculation of Porto Bank Efficiency Ratio: (Operating and Administrative Expenses net of Rewards and brands) / (Net revenue net of taxes, Rewards and brands – Commission). Expenses such as Rewards and flags will no longer be part of operating expenses and will become revenue deductions in 2026. (3) Effective Rate: Review of the Effective Rate resulting from the reversal of deferred taxes on the surplus from the acquisition of a subsidiary after its merger. Range Vertical Earned Premium Change (vs. 2025) +3% to +7% Vertical Loss Ratio 50.5% to 54.5% Vertical G&A Ratio +10.0% to +10.6% Range Vertical Earned Premium Change (vs. 2025) +14% to +22% Vertical Loss Ratio 72% to 77% Vertical G&A Ratio 4.7% to 5.7% Range Total Vertical revenue (R$ B) 1 7.5 to 7.9 Credit Losses (R$ B) -2.7 to -3.1 Efficiency Ratio2 27% to 31% Range Total Vertical Revenue (R$ B) 2.6 to 2.9 Vertical G&A Ratio 9% to 10% Review Held 50 to 54% Held Review 7,7 to 8,1 Review Held Held Held Review Held Held Range Financial Result (R$ B) 1.4 to 1.8 Effective rate ³ 24% to 28% Review Held 23% to 27% 24% to 28% -3,1 to -3,5
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2Q26 EARNINGS RELEASE PSSA3
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2Q26 EARNINGS RELEASE PORTO SEGURO S.A. Any statements that may be made during this conference call, regarding Porto Seguro's business prospects, projections and operational and financial goals, constitute beliefs and assumptions of the Company's management, as well as currently available information. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions, as they refer to future events and, therefore, depend on circumstances that may or may not occur. Investors should understand that general economic conditions, industry conditions and other operating factors may affect Porto Seguro's future performance and may lead to results that differ materially from those expressed in such forward-looking statements. DISCLAIMER
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CONTACT Alameda Barão de Piracicaba, 740 – 11º andar – São Paulo, SP https://ri.portoseguro.com.br gri@portoseguro.com.br