Earnings release
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2 QUALITAS | 2Q26 Earnings Results 2Q26 WEBCAST RESULTS 2Q26 Zoom Webcast ID: 870 7367 7176 https://us02web.zoom.us/webinar /register/WN_8ASd2oJfTPqRSw4IN euVrg The report and presentation will also be available at: https://qinversionistas.qualitas.com .mx/informacion- financiera/reporte-trimestral Mr. Bernardo Risoul Salas Chief Executive Officer, Quálitas Controladora DATE: Wednesday 22nd of July 2026 TIME: 08:00 a.m. MXT (10:00 a.m. EST) QUÁLITAS CONTROLADORA S.A.B. de C.V. Cordially invites you to its second quarter 2026 earnings results conference call Mr. Roberto Araujo Balderas Chief Financial Officer, Quálitas Controladora
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3 QUALITAS | 2Q26 Earnings Results 2Q26 Mexico City, July 21st, 2026 – Quálitas Controladora, S.A.B. de C.V. (“Quálitas”, “Q”, or “the company”) (BMV: Q*), announces its unaudited financial results for the second quarter 2026. Figures in this document are stated in millions of Mexican pesos except when otherwise indicated and many vary due to rounding and/or consolidation. HIGLIGHTS: • During the second quarter of the year, written premiums closed at $17,329 million, being -0.5% down versus same period of last year; on a year -to-date basis, written premiums reached $39,022 million, representing growth of +7.7% compared with the first six months of 2025. Quarterly results were impacted by a one -time effect resulting from a shift of coverage in one of our largest multi -annual accounts, excluding that, written premiums were up +3.4% in the quarter or +9.5% year to date . • The second quarter of the year closed with +6.1 million insured units, increasing by +119 thousand units vs 2Q25, and ~50 thousand units vs the previous quarter. Despite aggressive pricing competition that affected overall top line, Qualitas was able to still increase insured units. • Quarterly earned premiums increased by +4.4% versus 2Q25, reaching $17,392. Reserves totaling $322 million were released during the second quarter, representing a variance of +$1,052 million compared to the second quarter of 2025, in line with issuance performance and the portfolio mix. In a YTD basis Qualitas has constituted $2,563 million in Reserves. • Quarterly loss ratio stood at 64.8% and at 63.7% for the first six months of the year, remaining within our long-term target range. Claim frequency has remained stable and even below the level we had in the second quarter of 2025. At our Mexican subsidiary, the loss ratio stood at 63.9% for the quarter and 62.5% on a year-to-date basis. These results already consider the early start of the rainy season, as well as the increase in average claims costs driven by the changes in the VAT regulation. • The quarterly combined ratio was 95.7%, and 92. 8% at the close of the first half of the year. Considering only the subsidiary in Mexico, the quarterly combined ratio closed at 93.8%, and at 90.7% on a year-to-date basis; both figures were below the target range. • Quarterly and half year comprehensive financial income totaled $ 1,161 million and $2,337 million, respectively. The investment portfolio reached a quarterly and year-to-date ROI of 7.4%. As of the end of the period, the investment portfolio totaled $53,430 million, with 85.7% invested in fixed income with a duration of 2.6 years. • Quarterly net result stood at $1,389 million, reflecting a -1.3% decrease compared to 2Q25. On the other hand, net result for the first six months of the year was $2,944 million. 12M ROE stood at 18.3%, reflecting the full year one time VAT impact recognized during Q4 of last year. The ROE for the period stood at 21.4%. Despite headwinds, we continue to be committed to a long term ROE of close or above 20%, including this 2026. • By quarter-end, the company held ~ 6.2 million shares in treasury, with a remaining balance of $ 784 million in the share buyback fund. • Required regulatory capital stood at $ 6,646 million, with a solvency margin of $ 15,984 million, equivalent to a solvency ratio of 341%. QUALITAS REPORTS 2Q26 RESULTS
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4 QUALITAS | 2Q26 Earnings Results 2Q26 Price to book value Market share leader since 2007 Earnings per share 34.2% +6.1M Insured units 7,459 Employees 608 254 Service offices & 354 ODQs Agents 18.3% ~28,800 Return on Equity (ROE) $53,430 Invested assets float MM Price to earnings 2.8x $11.2 15.6x Answered calls at the claims call center in 2Q26 ~889k (1.3%) Net result variation 2Q26 vs 2Q25 (0.5%) Written premium 2Q26 vs 2Q25 $175.2 Share price (30/06)
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5 QUALITAS | 2Q26 Earnings Results 2Q26 Income Statement 2Q26 2Q25 Δ %/pb 6M26 6M25 Δ %/pb Written premiums 17,329 17,414 (0.5%) 39,022 36,236 7.7% Net written premiums 17,070 17,396 (1.9%) 38,755 36,123 7.3% Earned premiums 17,392 16,666 4.4% 36,192 33,498 8.0% Acquisition cost 4,289 4,196 2.2% 9,187 8,348 10.1% Loss cost 11,272 10,514 7.2% 23,047 20,569 12.0% Technical result 1,831 1,956 (6.4%) 3,958 4,582 (13.6%) Operating expenses 1,007 976 3.2% 2,095 2,157 (2.9%) Underwriting result 825 980 (15.8%) 1,863 2,425 (23.2%) Comprehensive financial income 1,161 1,218 (4.7%) 2,337 2,751 (15.1%) Investment income 992 1,055 (6.0%) 1,986 2,404 (17.4%) Income Taxes 597 791 (24.5%) 1,256 1,624 (22.7%) Net result 1,389 1,407 (1.3%) 2,944 3,552 (17.1%) Cost ratios 2Q26 2Q25 Δ %/pb 6M26 6M25 Δ %/pb Acquisition ratio 25.1% 24.1% 100 23.7% 23.1% 60 Loss ratio 64.8% 63.1% 172 63.7% 61.4% 228 Operating ratio 5.8% 5.6% 21 5.4% 6.0% (58) Combined ratio 95.7% 92.8% 293 92.8% 90.5% 229 Combined ratio adjusted* 95.3% 94.1% 114 94.9% 92.8% 209 Profitability ratios 2Q26 2Q25 Δ %/pb 6M26 6M25 Δ %/pb Return on investments 7.4% 8.4% (99) 7.4% 9.7% (225) ROE for the period 21.4% 22.0% (62) 21.4% 22.0% (62) LTM ROE 18.3% 26.5% (828) 18.3% 26.5% (828) YEAR TO DATEQUARTERLY Balance Sheet 2Q26 2Q25 Δ %/pb Assets 123,702 110,835 11.6% Investments & Real Estate 57,459 53,163 8.1% Invested assets or float** 53,430 49,490 8.0% Technical reserves 69,240 61,526 12.5% Total liabilities 98,648 86,713 13.8% Stockholders' equity 25,053 24,122 3.9% FINANCIAL HIGHLIGHTS 2Q26 * This refers to the sum of acquisition costs, claims incurred, and operating expenses, divided by earned premiums. The ratio is presented to facilitate comparison with international benchmarks. **Invested assets or float: investments in debt + overnights + loans portfolio
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6 QUALITAS | 2Q26 Earnings Results 2Q26 Business line 2Q26 2Q25 Δ%/bp vs. 25 6M26 6M25 Δ%/bp vs. 25 Traditional 10,487 10,831 (3.2%) 24,754 23,472 5.5% Individual 6,873 6,708 2.5% 14,540 14,096 3.1% Fleets 3,614 4,124 (12.4%) 10,214 9,376 8.9% Financial institutions 5,924 5,596 5.9% 12,416 10,764 15.4% Foreign subsidiaries 833 931 (10.5%) 1,742 1,918 (9.2%) Total 17,329 17,414 (0.5%) 39,022 36,236 7.7% Written premiums by foreign subsidiaries may include differences due to the exchange rate effect. During the second quarter of 2026, written premiums totaled $17,329 million, representing a marginal 0.5% decline compared with the same period of the previous year. On a year-to-date basis, written premiums reached $39,022 million, equivalent to growth of 7.7% compared with the first six months of 2025. During the quarter, results were affected by a one -time event related to a shift in the coverage of one of our largest multiannual accounts. Excluding this effect, written premiums growth would have been 3.4% and year to date would have stood at 9.5%. Performance in the traditional segment, which accounts for ~63% of total premiums, posted a decline of 3.2% in the quarter, while showing an increase of 5.5% growth year to date. Whitin this segment, individual business grew +2.5% for the quarter and +3.1% year-to-date; while fleets decreased 12.4% in the quarter and grew 8.9% year to date. The referred one-timer came into the fleet business, which would have grown mid-single digit if normalized. Lastly, the financial institution’s segment, representing about ~32% of the total business, reported a +5.9% growth for the quarter and a +15.4% for the first half of the year. The growth within this segment was also affected by the competitive environment in specific brands and models with some financial institutions. In terms of written premiums, as reported, the international subsidiaries contributed ~5% of total written premiums year to date, with LATAM strong growth being partially offset by the US operation decline. It is important to highlight that foreign exchange movements have had a particular impact during 2026, primarily due to the depreciation of the U.S. dollar ; for example, Quálitas Costa Rica reported growth of 12.4% for the quarter and 14.9% year to date, while Quálitas Peru grew 12.3% and 10.0%, respectively. Excluding the FX effect, growth would have reached 23.5% for Costa Rica and 24.1% for Peru during the quarter, and 30.9% and 25.3%, respectively, on a year-to-date basis, all measured in U.S. dollar terms. WRITTEN PREMIUMS
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7 QUALITAS | 2Q26 Earnings Results 2Q26 During the second quarter of 2026 , the insured units historical record was again surpassed, closing the quarter with 6.1 million. This represents an increase of +119 thousand units (or +2.0%) compared to the previous year, and ~50 thousand units (or ~1%) compared to the close of the previous quarter, maintaining a solid CAGR of +8.5% over the last five years. 6,143,717 insured units Sales of light vehicles grew by + 7.1% during the quarter compared to 2Q25, with a total of 372,868 thousand units sold; while sales of heavy equipment units increased by +8.2% compared to 2Q25. This resulted in a +7.1% increase in total new units sold during 2Q26. Insured units are distributed as follows: Insured units 2Q26 1Q26 Δ% 2Q25 Δ% Mexico 5,801 5,769 0.6% 5,751 0.9% Automobiles 3,982 3,969 0.3% 3,904 2.0% Trucks 1,515 1,505 0.7% 1,456 4.1% Motorcycles 304 294 3.5% 391 (22.1%) El Salvador 48 48 0.7% 46 5.2% Costa Rica 158 154 2.9% 134 17.7% United States 18 19 (5.4%) 24 (23.9%) Peru 93 88 5.2% 69 35.3% Colombia 26 17 54.0% 2 NA Total 6,144 6,094 0.8% 6,024 2.0% +100 +1,000 +2,000 +3,000 +4,000 +5,000 +6,000 2Q26 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 INSURED UNITS CAGR of the last 5 years: +8.5% *Motorcycles include motorcycles and foreign RC Foreign and cross-border vehicles are classified in their respective segment (automobiles and trucks)
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8 QUALITAS | 2Q26 Earnings Results 2Q26 During the second quarter, earned premiums closed at $17,392 million, representing an increase of +4.4% vs. 2Q25. On the other hand, earned premiums for the first six months of the year closed at $36,192 million, reflecting +8.0% growth. During the quarter, earned premiums grew at a faster pace than written premiums, driven by both, the deceleration seen in written premiums and a shift in the portfolio's multi -year premium mix, which fell from 23.0% in 2Q25 to 20.7% in 2Q26. Acquisition cost closed the quarter at $4,289 million, with an acquisition ratio of 25.1%, 1.0 pp above 2Q25. This ratio is slightly above the historical and target range, mainly due to portfolio mix and , by stronger growth in the financial institutions segment, which carries higher commissions. Furthermore, it is noteworthy to highlight that there have been no changes in the commissions paid to agents and/or financial institutions, and that they are related to sales volume; and in the case of agents, they are also related to the profitability of their portfolios. The quarterly cost and loss ratio were $11,272 million and 64.8%, respectively. This reflects a 1.7 pp increase compared to the same period of the previous year which already considers the early start of the rainy season, as well as the rise in the average cost of claims resulting from the impact of VAT regulations. On a year-to-date basis, the cost figure stood at $2 3,047 million, with a ratio of 63. 7%, standing at the mid - point of our 62%-65% target range. As anticipated earlier this year , we estimated a higher loss ratio for this quarter, consistent with historical seasonal trends. Despite the rise in the ratio, the absolute cost of claims increased by only 7.2%, reflecting the company's efforts to contain the average cost of claims and the stabilization of claim frequency, which closed at 6.6%, 23 bp below the frequency recorded in the second quarter of 2025. At the close of the first half of 2026, the impact of VAT accounted for 320 bp of the loss ratio. EARNED PREMIUMS AQUISITION COST LOSS COST Annual Multiannual
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9 QUALITAS | 2Q26 Earnings Results 2Q26 For our main subsidiary in Mexico, the loss ratio stood at 63.9% for the quarter and 62.5% on a year -to- date basis, representing increases of 3.5 and 3.2 percentage points, respectively, compared with the same periods of the previous year, while remaining within our sustainable target range of 62% to 65%. This performance primarily reflects the successful implementation of initiatives launched toward the end of 2025, including strict cost -control measures and operating efficiencies generated through our vertical integration. Additionally, theft of insured vehicles in Mexico decreased by 15.3% for Quálitas and 16.0% for the rest of the industry. Quálitas recovered 49.4% of stolen vehicles during 6M26, significantly outperforming the 43.2% recovery rate reported by the rest of the industry, underscoring the effectiveness of its vehicle tracking and recovery processes. Theft-related claims represented approximately ~11% of the company’s total claims cost, improving from 13.6% in 2Q25. This resulted in a quarterly claims frequency of 6.6%, below that observed in the second quarter of 2025. General inflation in Mexico continues its stabilization trend, closing the quarter at 3.4%, while core inflation stood at 4.0%. Meanwhile, inflation in auto parts, spare parts, and labor stood at 3.6%. Operating expenses for the quarter and the year -to-date stood at $1,007 million and $2,095 million, with an operating ratio of 5.8% and 5.4%, respectively. The quarterly ratio increase was also influenced by the deceleration in written premiums, as a lower top-line base naturally puts additional pressure on the ratio. By regulation, the PTU provision is included within operating expenses. Excluding the effect of this provision, the operating ratio would have closed the quarter at 5.0% and 4.4% for the semester. OPERATING EXPENSES GASTO DE OPERACIÓN
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10 QUALITAS | 2Q26 Earnings Results 2Q26 For the second quarter of 2026, the company reported an operating profit of $825 million with an operating margin of 4.7%. The combined ratio for the quarter stood at 95.7%, representing an increase of 2.9 pp compared to 2Q25. On a cumulative basis, profit stood at $1,863 million, with a margin of 5.1% and a combined ratio of 92.7%, consistent to our 92% to 94% full year target. Combined ratio – Mexico According to the latest figures available from AMIS, as of March 2026, the Mexican auto insurance industry, excluding Quálitas Mexico, reported a combined ratio of 92.0%; highlighting Quálitas with a ratio of 88.1%, 3.9 pp lower than the rest of the industry. During 2Q26, the referential interest rate in Mexico gradually decreased, closing at 6.5% compared to 8.0% in 2Q25. The average quarterly rate for 28 -day CETES stood at 6.3%. While the drop in benchmark rates has moderated our portfolio's reinvestment yield, the Investment Committee has maintained a prudent and disciplined strategy, selectively capitalizing on opportu nities arising from market volatility in recent months. During those periods, we successfully added instruments with attractive yields and extended our portfolio's duration at the long end of the curve, while keeping it within the ranges we have been targeting. In the case of Mexico portfolio, a yield to maturity of 8.9% was achieved, where reference rate is at 6.5%. As of the end of June, 85.7% of the portfolio was invested in fixed -income securities and the remaining 14.3% in equities, with a duration of 2.6 years. Additionally , ~20% of the total portfolio is geographically distributed to meet the capital requirements of our international subsidiaries. 75% 80% 85% 90% 95% 100% 105% 3M21 6M21 9M21 2021 3M22 6M22 9M22 2022 3M23 6M23 9M23 2023 3M24 6M24 9M24 2024 3M25 6M25 9M25 2025 3M26 2021 2022 2023 2024 2025 2026 Industry IC% QMx IC% UNDERWRITING RESULT GASTO DE OPERACIÓN COMPREHENSIVE FINANCIAL INCOME Source: AMIS, Market share in Mexico as of March 2026. 90.8% % 88.1% %
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11 QUALITAS | 2Q26 Earnings Results 2Q26 ROI - Investment portfolio Portfolio allocation On the other hand, the equity portion of our portfolio demonstrated resilient performance during the first half of the year. Despite volatility observed in the first quarter, the S&P 500 posted a year-to-date return of 9.6%, fostering a more favorable investment environment heading into the second half of the year. Quarterly comprehensive financial income closed at $1,161 million, while the year -to-date figure stood at $2,337 million. The investment portfolio achieved a quarterly and first half ROI of 7.4%. It is worth noting that accumulated unrealized gains amount ~$2.4 billion. If all positions were valued at market price, the ROI would have been 13.6% by June-end 2026. Quarterly net income reached $1,389 million, representing a decrease of -1.3%, or $17.9 million. On a year-to-date basis, net income close d at $2,944 million, down -17.1% compared with the first half of the previous year. The tax rate for the quarter was 30.1%. Additionally, we reported a quarterly net margin of 8.0%. The 12-month ROE stood at 18.3% and the ROE for the period stood at 21.4%. NET INCOME ➔ By subsidiary ➔ Total
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12 QUALITAS | 2Q26 Earnings Results 2Q26 International subsidiaries (geographic) represented 4.8% of the Holding Company’s total quarterly written premiums: The table below shows the performance in written premiums and sales of our subsidiaries : Written Premium 2Q26 2Q25 Δ % 6M26 6M25 Δ % Q ES 112 109 3.1% 220 231 (4.8%) Q CR 371 330 12.4% 852 741 14.9% Q IC 63 319 (80.3%) 129 605 (78.8%) Q P 176 157 12.3% 353 321 10.0% Q Col 111 16 NA 188 19 NA Vertical* 456 415 9.8% 839 854 (1.7%) Total 1,289 1,346 (4.2%) 2,581 2,771 (6.9%) International subsidiaries had written premiums of $ 833 million for 2Q26, a decrease of -10.5% vs. 2Q25. On a year-to-date basis, subsidiaries reported $1,742 million, with a decrease of- 9.2%, Across LATAM, as reported, written premiums increased by 26%, reaching $770 million . Important to highlight that the exchange rate has had a particular impact during 2026 mainly due to the depreciation of US dollars. Excluding this effect, growth would have been approximately +38.8% for the quarter and +40.1% for the semester in US dollars. In Colombia, we currently have 20 active offices, well on track to meet our full -year target of 25. These offices have generated US $11.4 million in written premiums, significantly exceeding our initial projections. Additionally, our U.S. subsidiary continues its downward trend, decreasing -80.3% on a quarterly basis, and -78.8% year-to-date, derived from the closing of cross -border business, consistent expectations as we focus only on the PPA and Bi-national Certificates. SUBSIDIARIES AS OF 2Q26 *Excludes intercompany operations and includes QSalud, Autos y Salvamentos, O&T, Activos Jal, DCT, Flekk, as well as Roto Cristales y Partes. Figures for prior periods may vary due to exchange rate fluctuations or consolidation. EL SALVAD OR QIC* 0.4% MKT% NA QES* 0.6% MKT% 14.9% QCR* 2.1% MKT% 15.6% QP* 1.0% MKT% 8.6% QCOL* 0.6% MKT% 1.2% QMX* 94.9% MKT% 34.2% * Percentage as a proportion of quarterly written premium by Quálitas Controladora
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13 QUALITAS | 2Q26 Earnings Results 2Q26 Altogether, our international and vertical subsidiaries reported premiums and sales of $1,289 million during 2Q26, a quarterly decrease of -4.2% compared to 2Q25. As of June, they reported $2,581 million, -6.9% below the first half of 2025. During the second quarter of 2026, the company released reserves for $ 322 million, driven by the slowdown in the company’s written premiums. This represents $ 1,052 million less than in 2Q25. For the first six months of the year, we constituted reserves of $2,563 million, equivalent to $60.1 million less than the first semester of 2025. The company’s technical reserves stood at $ 69,240 million as of June-end 2026, an increase of $7,714 million compared to the same period of the previous year, related to the growth in written premiums and the portfolio mix observed over the past year. The regulatory capital requirement stood at $ 6,646 million by June-end, with a $ 15,984 million solvency margin, equivalent to a solvency ratio of 341%. Our capital allocation strategy will continue to focus on: 1) strengthening our leadership in Mexico, 2) accelerating the growth of our subsidiaries, and 3) expanding our service to new business lines within the insurance ecosystem. TECHNICAL RESERVES SOLVENCY
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14 QUALITAS | 2Q26 Earnings Results 2Q26 2Q26 2Q25 2Q26 2Q25 Assets Investments 57,458,504,019 53,163,372,002 Securities and Derivatives Transactions 50,830,795,369 48,135,338,469 Securities 50,830,795,369 48,135,338,469 Government 35,552,539,940 37,019,073,961 Private Companies: Fixed Rate 7,376,847,758 3,886,780,828 Private Companies: Equity 4,266,150,908 4,564,217,017 Foreign 3,640,076,683 2,685,894,327 Dividends Receivable on Capital Securities - - (-) Value Impairment 19,948,524 20,627,663 Securities given in Loan Investments - - Restricted Securities 15,128,604.8 - Derivatives - - Overnight 1,707,346,226 597,893,965 Loans Portfolio (Net) 891,533,987 756,818,909 Current Loan Portfolio 977,664,565 855,508,826 Non-performing Loan 30,440,486 30,470,849 (-) Loan Loss Provisions 116,571,064 129,160,766 Property (Net) 4,028,828,437 3,673,320,659 Investments Related to Labor Obligations 113,657,901 106,194,419 Cash and Cash Equivalents 2,205,311,172 2,959,074,043 Cash and Banks 2,205,311,172 2,959,074,043 Debtors 52,824,924,448 44,442,863,946 Premiums 49,737,190,889 42,313,853,283 Premiums P&C Subsidy - - Federal Agencies Debts 1,365,094,744 93,731,897 Agents and Claims Officers (Adjusters) 169,215,428.3 185,208,679.2 Accounts Receivable 39,384.7 - Bonds for Claims Debtors - - Other 1,747,690,042.5 1,995,587,570.3 (-) Allowance for Doubtful Accounts 194,306,041.0 145,517,483.1 Reinsurers and Re-Bonding Companies 376,971,627 302,591,400 Insurance and Bonds Intitutions 98,398,701 62,277,354 Retained deposits - - Amounts Recoverable from Reinsurance 281,119,040 244,913,404 (-) Loan Loss Provisions for Foreign Reinsurers 2,381,838 1,188,611 Reinsurance and Bonding Brokers - - (-) Provisions for Penalties 164,276 3,410,747 Permanent Investments 109,691,174 47,220,660 Subsidiary - - Associates - - Other permanent investments 109,691,174 47,220,660 Other Assets 10,612,625,918 9,813,787,634 Furniture and Equipment (Net) 1,548,931,218 1,507,735,743 Foreclosed Assets (Net) - - Miscellaneous 8,673,339,848 7,905,323,126 Amortizable Intangible Assets (Net) 139,385,089 146,435,702 Long-lived Intangible Assets (Net) 250,969,763 254,293,063 Total Assets 123,701,686,259 110,835,104,104 QUALITAS CONTROLADORA S.A.B. DE C.V. Consolidated Balance Sheet as of June 30th 2026 & 2025 Figures in Mexican pesos
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15 QUALITAS | 2Q26 Earnings Results 2Q26 2Q26 2Q25 2Q26 2Q25 Liabilities Technical Reserves 69,239,828,696 61,526,014,017 Unearned Premiums 49,497,295,804 43,314,525,119 Life Insurance - - Accident and Illness Insurance 66,076,866 34,702,013 Property and Casualty Insurance 49,431,218,938 43,279,823,106 Rebonding - - In Force Bonding - - 19,742,532,892 18,211,488,898 19,638,636,446 17,882,470,693 (617,112,098) (375,375,345) Funds Under Administration - - Deposit Premiums 721,008,544 704,393,550 Contingency Reserve - - Specialized Insurance Reserve - - Catastrophic Risks Reserves - - Reserves Related to Labor Obligations 900,176,881 723,284,827 Creditors 14,033,965,444 11,595,232,136 Agents and Adjusters 4,216,235,709 3,941,027,201 Funds for Losses Management 64,380,618 40,892,035 - - Miscellaneous 9,753,349,117 7,613,312,900 Reinsurers and Re-Bonding Companies 269,920,621 178,287,511 Insurance and Bond Companies 269,920,621 178,287,511 Retained Deposits - - Other - - Rebonding and Reinsurance Broker - - - - Funding Obtained - - Debt Issuance - - - - Other Debt Securities - - Financial Reinsurance Agreement - - Other Liabilities 14,204,582,572 12,690,627,276 450,102,504 576,275,628 Income Tax Provisions 1,635,081,558 1,793,378,024 Other Obligations 10,452,913,314 8,998,227,006 Deferred Credits 1,666,485,195 1,322,746,618 Total Liabilities 98,648,474,215 86,713,445,767 Stockholders' Equity Paid-in Capital Capital Stock 2,349,718,962 2,356,216,333 Capital Stock 2,386,567,046 2,386,567,046 (-) Non Subscribed Capital Stock - - (-) Non Displayed Capital Stock - - (-) Repurchased Shares 36,848,083 30,350,713 - - Earned Capital Reserves 2,349,836,665 2,367,780,713 Legal 507,142,999 507,142,999 For Repurchase of shares 780,868,610 771,449,742 Other 1,061,825,057 1,089,187,973 Valuation Surplus 2,077,370,365 1,436,853,683 Permanent Investments - - Retained Earnings 15,685,939,344 14,377,399,380 Net Result 2,945,591,725 3,546,145,479 Translation effect (358,588,095) (32,995,245) Non Monetary Assets Result - - Remeasurements for Benefits granted to Employees (71,306,176) 4,602,867 Controlling Interest 24,978,562,791 24,056,003,210 Non-Controlling Interest 74,649,254 65,655,127 Total Stockholders' Equity 25,053,212,045 24,121,658,337 Total Liabilities and Stockholders' Equity 123,701,686,259 110,835,104,104 Subordinated Obligations of Mandatory Conversion into Stockholders' Equity Reserve for Outstanding Obligations Expired Policies and Claims Ocurred Pending of Payment Ocurred but not Reported and Adjustment Costs assigned to Claims Bonding for recognition of Liabilities Creditors Derivatives (Fair Value) Subordinated Obligations not exchangeable into shares Provisions for employee profit sharing QUALITAS CONTROLADORA S.A.B. DE C.V. Consolidated Balance Sheet as of June 30th 2026 & 2025 Figures in Mexican pesos
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16 QUALITAS | 2Q26 Earnings Results 2Q26 2Q26 2Q25 2Q26 2Q25 Premiums Written 17,329,023,601 17,414,371,498 (-) Ceded 259,318,037 18,640,576 Net Written Premiums 17,069,705,564 17,395,730,922 (-) Net Increase of Unearned Premiums Reserve (322,220,512) 730,112,089 Earned Retained Premiums 17,391,926,075 16,665,618,833 (-) Net Acquisition Cost 4,288,540,462 4,195,630,566 Agents Commissions 1,306,254,931 1,275,194,745 Agents Additional Compensation 537,081,473 503,551,225 Reinsurance and Rebonding Commissions - - (-) Reinsurance Commissions 35,253,771 491,476 Excess of Loss Coverage 27,402,970 12,124,176 Other 2,453,054,859 2,405,251,896 (-) Net Claims Cost and Other Contractual Liabilities 11,271,894,061 10,514,298,838 Claims and Other Contractual Obligations 11,274,660,035 10,516,883,471 (-) Losses on non-proportional reinsurance 2,765,974 2,584,633 Claims - - - - Technical Income (Loss) 1,831,491,552 1,955,689,429 (-) Net Increase in Other Technical Reserves - - Catastrophic Risks Reserve - - Specialized Insurance Reserve - - Contingency Reserve - - Other - - - - Result of Analog and Related Operations 56,222 112,443 - - Gross Income (Loss) 1,831,547,774 1,955,801,872 (-) Net Operating Expenses 1,006,936,259 976,163,935 Administrative and Operating Expenses 145,690,659 221,432,814 Employees´compensation and benefits 716,879,286 629,425,725 Depreciation and Amortization 144,366,315 125,305,395 Operating Income (Loss) 824,611,515 979,637,937 Comprenhensive Financing Result 1,161,138,331 1,218,184,983 Investments 730,421,739 830,652,993 Sale of Investments 535,408,787 44,452,920 Fair Valuation of Investments (304,891,384) 163,242,837 Surcharges on Premiums 159,842,748 152,490,856 Debt Issuance - - Financial Reinsurance - - Loan Interests 24,487,012 18,917,030 (-) Preventive Penalties for Amounts Recoverable from Reinsurance 1,300,832 289,429 (-) Preventive Penalties for Credit Risks (7,318,855) 3,588,638 Other 9,396,822 10,734,827 Foreign Exchange Rate Fluctuation 454,584 1,571,588 (-) Monetary Position Result - - Participation in Permanent Investments Result - - Income (Loss) Before Taxes 1,985,749,846 2,197,822,9200 0 (-) Provision for Income Taxes 597,147,707 791,305,8110 0 Income (Loss) Before Discontinued Operations 1,388,602,139 1,406,517,1100 0 Discontinued Operations - - 0 0 Net Income (Loss) 1,388,602,139 1,406,517,1100 0 Controlling Interest 1,389,366,658 1,404,349,330 Non-Controlling Interest (764,519) 2,167,7790 0 Net Income (Loss) 1,388,602,139 1,406,517,110 Consolidated Income statement for the second quarter 2026 & 2025 Figures in Mexican pesos QUALITAS CONTROLADORA S.A.B. DE C.V.
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17 QUALITAS | 2Q26 Earnings Results 2Q26 6M26 6M25 6M26 6M25 Premiums Written 39,022,113,441 36,236,125,005 (-) Ceded 266,785,549 113,336,242 Net Written Premiums 38,755,327,892 36,122,788,762 (-) Net Increase of Unearned Premiums Reserve 2,563,438,971 2,624,349,024 Earned Retained Premiums 36,191,888,921 33,498,439,738 (-) Net Acquisition Cost 9,187,480,529 8,347,858,619 Agents Commissions 2,751,196,193 2,668,766,772 Agents Additional Compensation 1,132,467,126 1,048,219,160 Reinsurance and Rebonding Commissions - - (-) Reinsurance Commissions 36,178,040 734,027 Excess of Loss Coverage 37,218,039 21,954,519 Other 5,302,777,211 4,609,652,195 (-) Net Claims Cost and Other Contractual Liabilities 23,046,555,567 20,568,940,165 Claims and Other Contractual Obligations 23,055,662,677 20,574,254,658 (-) Losses on non-proportional reinsurance 9,107,111 5,314,493 Claims - - Technical Income (Loss) 3,957,852,825 4,581,640,955 (-) Net Increase in Other Technical Reserves - - Catastrophic Risks Reserve - - Specialized Insurance Reserve - - Contingency Reserve - - Other - - Result of Analog and Related Operations 58,222 162,336 Gross Income (Loss) 3,957,911,047 4,581,803,291 (-) Net Operating Expenses 2,095,029,552 2,156,757,897 Administrative and Operating Expenses 306,866,983 618,181,990 Employees´compensation and benefits 1,508,007,644 1,283,184,913 Depreciation and Amortization 280,154,925 255,390,993 Operating Income (Loss) 1,862,881,495 2,425,045,394 Comprenhensive Financing Result 2,336,731,728 2,750,866,626 Investments 1,550,625,919 1,618,370,346 Sale of Investments 754,407,028 405,752,763 Fair Valuation of Investments (357,027,931) 341,995,034 Surcharges on Premiums 313,093,768 301,120,510 Debt Issuance - - Financial Reinsurance - - Loan Interests 50,240,993 38,277,093 (-) Preventive Penalties for Amounts Recoverable from Reinsurance 1,392,674 348,927 (-) Preventive Penalties for Credit Risks (10,152,354) (1,356,268) Other 37,320,488 46,188,492 Foreign Exchange Rate Fluctuation (20,688,217) (1,844,955) (-) Monetary Position Result - - Participation in Permanent Investments Result - - Income (Loss) Before Taxes 4,199,613,223 5,175,912,020 (-) Provision for Income Taxes 1,255,752,527 1,624,175,419 Income (Loss) Before Discontinued Operations 2,943,860,696 3,551,736,601 Discontinued Operations - - Net Income (Loss) 2,943,860,696 3,551,736,601 Controlling Interest 2,945,591,725 3,546,145,479 Non-Controlling Interest (1,731,029) 5,591,122 Net Income (Loss) 2,943,860,696 3,551,736,601 QUALITAS CONTROLADORA S.A.B. DE C.V. Consolidated Income statement from January 1st to June 30th 6M26 & 6M25 Figures in Mexican pesos
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18 QUALITAS | 2Q26 Earnings Results 2Q26 Acquisition Cost : Includes commissions and compensations paid to agents as well as fees paid to Financial Institutions for the use of their facilities (UOF). Acquisition Ratio: Acquisition Cost ÷ Net Written Premiums. AMDA: Mexican Association of Automotive Distributors. CAGR: Compound Annual Growth Rate = [(End of Period Figure / Beginning of Period Figure) ^ (1/ Number of periods)]. Combined Ratio: Acquisition Ratio + Operating Ratio + Loss Ratio. CNSF: National Insurance & Bonds Commission, the regulator of the insurance sector in México. Financial Institutions : Financial branch of major automakers and Financial Groups that provide automotive financing. Logiflekk SA de CV: Legal entity resulting from the merger of EasyCarGlass, CristaFácil, and Outlet de Refacciones; Flekk remains the commercial name. IBNR: Incurred but not reported reserves. Loss Cost: Includes costs incurred in the payment of claims: third party liability, theft, repair costs, among others. Loss Ratio: Loss Cost ÷ Earned Premiums. Multi-annual Policies: Policies with a term greater than 12 months. They are typically issued for the automobiles sold on credit. Net Earned Premiums: Written premiums registered as income throughout the duration of a policy. Net Margin: Net result/written premiums. Net Written Premiums: Written premiums minus the portion ceded to reinsurance. Operating Expenses: Includes expenses incurred in by the company in its regular operations. Operating Ratio: Operating Expenses ÷ Written Premiums. Operating Margin: operating income/ earned premiums. Policies’ Fees: Administrative fee charged when the policy is issued and recorded as an income in operating expenses. PTU: Employee profit sharing. Premium Debtor: Records the portion of sold policies which will be paid in installments Premiums Surcharge: Financial penalty imposed to policyholders that choose to pay premiums in installments. Regulatory Capital Requirement: Is the minimum equity level that an insurance company should maintain, according to legal requirements. ROI: Measures the profitability obtained from the company’s investment portfolio. Written Premiums: Premiums corresponding to policies underwritten. GLOSSARY
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19 QUALITAS | 2Q26 Earnings Results 2Q26 Q CR: Quálitas Costa Rica Q MX: Quálitas Mexico Q ES: Quálitas El Salvador Q IC: Quálitas Insurance Company; Estados Unidos. Q P: Quálitas Peru Q IC: Quálitas Insurance company. QCind: Investment portfolio of Quálitas Controladora Q Col: Quálitas Colombia Solvency Margin: Stockholders’ equity – Regulatory Equity Requirement. Solvency Margin Ratio: Solvency Margin ÷ Regulatory Equity Requirement. UOF: Fees paid to Financial Institutions for the use of their facilities. OCRA: (Oficina Coordinadora de Riesgos Asegurados) Quálitas Controladora (QC) is the company with the largest market share in the auto insurance industry in Mexico and has presence in the United States, Peru, Costa Rica, El Salvador and Colombia. Its unique business model, with more than 32 years’ experience in the auto insurance b usiness, has allowed it to offer a first-quality service under the largest coverage network in Mexico. Quálitas is listed on the Mexican Stock Exchange under the symbol "Q" (Bloomberg: Q*:MM). _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ This document may include forward -looking statements that involve risks and uncertainties. Information may include forward -looking statements regarding the company’s results and prospects, which are subject to risks and uncertainty. Actual results may diff er materially from what is discussed here today, and the company cautions you not to place undue reliance on these forward -looking statements. Quálitas undertakes no obligation to publicly update or revise any forward -looking statements, whether because of new information, future events, or otherwise. INVESTOR RELATIONS CONTACT: Jorge Pérez Rivero / joperez@qualitas.com.mx Antonio R. Bours / abours@qualitas.com.mx ABOUT QUALITAS
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20 QUALITAS | 2Q26 Earnings Results 2Q26