Caixa Seguridade Participações S A : Dados Econômico-Financeiros

Published on 11/06/2025 at 06:37 pm EST

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ITR - Performance Comments

Caixa Seguridade Participações S.A. ("CAIXA Seguridade" or "Company") reported accumulated net income of BRL 3,219.6 million for 2025, an increase of 23.9% compared to the first nine months of 2024. In the third quarter of 2025, accounting net income reached BRL1,140.8 million, representing a 4.8% growth compared to the third quarter of 2024. From a managerial1 perspective, quarterly net income was BRL 1,140.2 million, a 13.4% year-over-year increase.

Year-to-date, operating revenues amounted to BRL4.3 billion, a 23.8% increase compared to 2024. In the quarter, revenues totaled BRL1,510.6 million, up 13.1% from the third quarter of 2024. Within the breakdown of revenues, results from equity interests (Equity Method) accounted for 57.4% of accumulated operating revenues, with a 36.0% increase compared to the same period of 2024. Highlights include growth in Caixa Vida e Previdência (+26.5%), Caixa Residencial (+159.7%), Caixa Consórcio (+52.8%), Caixa Capitalização

(+34.9%), and Caixa Assistência (+97.8%).

Representing 42.6% of operating revenues, commissioning revenues accumulated in 2025 grew by 10.4% compared to the same period in 2024. This performance was driven by revenues from Credit Letters (+51.0%), Premium Bonds (+23.4%), Private Pension (+1.9%) and the insurance segments of Mortgage (+29.1%), Home (+28.3%), and Life (+6.5%), as well as Assistance (+41.5%). In the quarter, commissioning revenues grew 10.8% year-over-year, totaling BRL635.1 million.

The costs of services - which include compensation related to employee incentives, partner network, and the use of CAIXA distribution network - increased 41.5% in the first nine months of 2025 compared to the same period in 2024. This variation reflects commercial performance and is impacted by the product mix, especially by the sales volume of credit letters, an accumulation product with higher levels of employee incentives and CAIXA service fees, which accounted for 70.3% of total costs in the period. In the quarter, service costs increased by 28.5% compared to the same period in 2024.

The other operating income/expenses line grew 58.6% year-to-date in 2025 compared to 2024, influenced by the comparison base that includes the receipt of the Launch Performance Commission (LPC) until 3Q24, recognized as Other Operating Revenues, in addition to the higher volume of tax expenses incurred on brokerage revenues, which also grew in 2025. Year-to-date, the Tax Expenses line recorded an increase of BRL14.5 million compared to the first nine months of 2024. Administrative expenses showed variations

‌1 Managerial Net Income determined in accordance with accounting standard CPC11 - Insurance Contracts (IFRS4), a standard adopted by the Superintendence of Private Insurance ("SUSEP") and the National Supplementary Health Agency ("ANS"), disclosed by the Company in an unaudited and complementary manner, which allows for comparability with the performance reported in recent years.

associated with investments in infrastructure and consulting. Year-to-date, this line recorded a growth of 13.5% compared to the same period in 2024.

The financial result of the holding company totaled BRL125.3 million year-to-date in 2025, representing a 59.8% increase compared to the same period in 2024, reflecting a 1.6% increase in financial revenues and 82.2% reduction in expenses, mainly related to the monetary update of mandatory minimum dividends. In the third quarter, the BRL16.8 million decrease (-24.7%) compared to the third quarter of 2024 was impacted by the recognition of extraordinary financial revenues related to the monetary update of the LPC recorded in the previous period.

The Management.

Interim financial statements Parent Company and Consolidated

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September 30, 2025

Contents

Balance sheet 3

Statement of income for the period 4

Statement of comprehensive income for the period 4

Statement of changes in shareholders' equity for the period 5

Statement of cash flows for the period - Indirect method 6

Statement of added value for the period 7

Note 1 - Operations and general information 8

Note 2 - Presentation of individual and consolidated financial statements 12

Note 3 - Material accounting practices 13

Note 4 - Recently issued pronouncements and laws 17

Note 5 - Main judgments and accounting estimates 21

Note 6 - Risk management 23

Note 7 - Segment reporting 24

Note 8 - Cash and cash equivalents 29

Note 9 - Financial instruments at fair value 29

Note 10 - Amounts receivable 30

Note 11 - Other assets 30

Note 12 - Investments in equity interests 31

Note 13 - Property, plant and equipment 51

Note 14 - Taxes 51

Note 15 - Amounts payable 53

Note 16 - Provision and contingent liabilities 54

Note 17 - Shareholders' equity 54

Note 18 - Revenues from distribution 57

Note 19 - Cost of service rendered 60

Note 20 - Administrative expenses 60

Note 21 - Other operating revenues/expenses 60

Note 22 - Financial result 61

Note 23 - Related parties 62

Balance sheet

September 30, 2025

In thousands of reais, unless otherwise indicated

‌ 09/30/2025 12/31/2024

ASSETS

Parent Company

Consolidated Parent Company

Consolidated

Current assets	1,922,323	1,932,384	1,752,141	1,969,462
Cash and cash equivalents (Note 8)	104	204	88	435
Financial instruments (Note 9)	553,379	1,103,992	861,267	1,209,486
Dividends receivable (Note 23 (d))	1,307,089	645,014	836,272	583,359
Interest on own capital receivable (Note 23 (d))	-	21,601	-	21,093
Amounts receivable (Note 10)	59,713	157,674	53,128	153,339
Other assets (Note 11)	2,038	3,899	1,386	1,750
Non-current assets	12,581,721	12,692,136	12,111,881	12,054,554
Other assets (Note 11)	46	46	-	-
Investments in equity interests (Note 12)	12,571,466	12,681,881	12,111,874	12,054,547
Property, plant and equipment (note 13)	10,209	10,209	7	7
Total Assets	14,504,044	14,624,520	13,864,022	14,024,016

09/30/2025 12/31/2024

LIABILITIES AND SHAREHOLDERS' EQUITY

Parent Company

Consolidated Parent Company

Consolidated

Current liabilities	986,627	1,106,037	972,377	1,131,440
Amounts payable (Note 15)	23,341	67,788	11,094	102,810
Dividends payable (Note 23 (d))	960,008	960,008	941,302	941,302
Current tax liabilities (Note 14 (c))	3,047	69,226	19,952	87,193
Deferred tax liabilities (Note 14 (d))	231	9,015	29	134
Other liabilities	-	-	-	1
Non-current liabilities	11,748	12,814	2,321	3,252
Amounts payable (Note 15)	11,748	12,814	2,321	3,252
Shareholders' equity (Note 17)	13,505,669	13,505,669	12,889,324	12,889,324
Capital	3,678,772	3,678,772	2,756,687	2,756,687
Reserves	3,089,871	3,089,871	4,011,956	4,011,956
Additional dividends proposed	-	-	948,704	948,704
Equity valuation adjustment	5,407,445	5,407,445	5,171,977	5,171,977
Retained earnings	1,329,581	1,329,581	-	-
Total liabilities and shareholders' equity	14,504,044	14,624,520	13,864,022	14,024,016

The accompanying notes are an integral part of the interim financial information.

Statement of income and comprehensive income for the period

September 30, 2025

In thousands of reais, unless otherwise indicated

‌STATEMENT OF INCOME

3rd quarter of 2025 3rd quarter of 2024 January 01-September 30,

2025

January 01-September 30,

2024

Parent

Company

Consolidated Parent Company

Consolidated

Operating revenues 1,160,681		1,510,583	1,032,804	1,335,536	3,293,704	4,302,189	2,629,639	3,476,194
Income (loss) from investments in ownership interest 1,117,926		875,494	991,571	762,395	3,151,772	2,467,389	2,495,785	1,814,570
Revenues from access to the distribution network and use 42,755		42,755	41,233	41,233	141,932	141,932	133,854	133,854
of the brand (note 18) Revenues from rendering of services (Note 18)	-	592,334	-	531,908	-	1,692,868	-	1,527,770
Cost of services rendered (Note 19)	-	(154,726)	-	(120,386)	-	(456,029)	-	(322,275)
Gross result	1,160,681	1,355,857	1,032,804	1,215,150	3,293,704	3,846,160	2,629,639	3,153,919
Other operating revenues/(expenses)	(37,856)	(123,248)	49,340	(22,927)	(107,960)	(348,355)	(11,759)	(219,695)
Administrative expenses (Note 20)	(32,478)	(38,771)	(23,886)	(29,870)	(90,495)	(111,380)	(78,369)	(98,104)
Tax expenses (Note 14 (b))	(5,379)	(79,808)	(16,707)	(82,650)	(17,468)	(230,755)	(26,430)	(216,252)
Other operating revenues/expenses (Note 21)	1	(4,669)	89,933	89,593	3	(6,220)	93,040	94,661
Income (loss) before financial revenues and expenses	1,122,825	1,232,609	1,082,144	1,192,223	3,185,744	3,497,805	2,617,880	2,934,224
Financial result (Note 22)	30,214	51,095	56,621	67,893	70,423	125,267	33,912	78,369
Financial revenues	30,616	52,282	56,622	69,993	76,748	134,944	81,425	132,715
Financial expenses	(402)	(1,187)	(1)	(2,100)	(6,325)	(9,677)	(47,513)	(54,346)
Income (loss) before taxes and interests	1,153,039	1,283,704	1,138,765	1,260,116	3,256,167	3,623,072	2,651,792	3,012,593
Income tax and social contribution (Note 14 (a))	(12,285)	(142,950)	(50,052)	(171,403)	(36,586)	(403,491)	(53,607)	(414,408)
Current taxes	(12,099)	(140,662)	(49,997)	(169,296)	(36,567)	(396,862)	(53,755)	(408,768)
Deferred taxes	(186)	(2,288)	(55)	(2,107)	(19)	(6,629)	148	(5,640)
Net income for the period	1,140,754	1,140,754	1,088,713	1,088,713	3,219,581	3,219,581	2,598,185	2,598,185
Number of shares - in thousands	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
Earnings per share - R$ (Note 17 (e))	0.38025	0.38025	0.36290	0.36290	1.07319	1.07319	0.86606	0.86606

(Note 12)

The accompanying notes are an integral part of the interim financial information.

‌ Parent Company / Consolidated

STATEMENT OF COMPREHENSIVE INCOME

3rd quarter of 2025 3rd quarter of 2024 January 01-September

30, 2025

January 01-September 30, 2024

Net income for the period	1,140,754	1,088,713	3,219,581	2,598,185
Items eligible for reclassification to income (loss)	(5,801)	(8,134)	235,468	(199,661)
(+/-) Unrealized gains on financial assets available for sale	(1,415)	(14,082)	150,808	(143,364)
(+/-) Other equity valuation adjustments - reflex	(4,386)	5,948	84,660	(56,297)
Comprehensive income for the period	1,134,953	1,080,579	3,455,049	2,398,524
The accompanying notes are an integral part of the interim financial information.
				4

Statement of changes in shareholders' equity for the period

September 30, 2025

In thousands of reais, unless otherwise indicated

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

Capital

Reserves

Equity valuation

Retained

Shareholders'

‌adjustment

earnings/losses

equity

Balances at December 31, 2023	2,756,687	4,052,165	5,777,028	-	12,585,880
Dividends	-	(421,630)	-	(1,493,763)	(1,915,393)
Investees' equity valuation adjustment -		-	(199,661)	-	(199,661)
Net income for the period	-	-	-	2,598,185	2,598,185
Balances at September 30, 2024	2,756,687	3,630,535	5,577,367	1,104,422	13,069,011
Balances at December 31, 2024	2,756,687	4,960,660	5,171,977	-	12,889,324
Capital increase	922,085	(922,085)	-	-	-
Dividends	-	(948,704)	-	(1,890,000)	(2,838,704)
Investees' equity valuation adjustment	-	-	235,468	-	235,468
Net income for the period	-	-	-	3,219,581	3,219,581
Balances at September 30, 2025	3,678,772	3,089,871	5,407,445	1,329,581	13,505,669
The accompanying notes are an integral part of the interim financial information.

	‌Parent Company	Consolidated	Parent Company	Consolidated
Cash flows from operating activities Net income for the period:	3,219,581	3,219,581	2,598,185	2,598,185
Adjustments to income:	(3,150,856)	(2,459,854)	(2,495,926)	(1,808,908)
Income (loss) from investments in equity interests	(3,151,772)	(2,467,389)	(2,495,785)	(1,814,570)
Deferred taxes - temporary differences	32	6,651	(143)	5,659
Other adjustments (Depreciation/Withholding taxes)	884	884	2	3
Adjusted net income for the period:	68,725	759,727	102,259	789,277
Dividends received	2,456,830	1,992,267	2,593,787	1,704,984
Receipt of interest on own capital	-	21,092	-	19,186
Equity changes:	(7,436)	(52,820)	46,390	87,820
Amounts receivable	(6,585)	(4,335)	(1,478)	15,215
Current tax assets	-	(81)	-	-
Other assets	(730)	(8,766)	(487)	(6,811)
Amounts payable	10,966	(36,168)	1,001	25,357
Dividends payable - Inflation adjustment	5,616	5,616	47,276	47,276
Liabilities by current taxes	(16,905)	(17,967)	50	(810)
Deferred tax liabilities	202	8,881	28	7,593
Net cash from operating activities	2,518,119	2,720,266	2,742,436	2,601,267
Cash flows from investment activities Interest earning bank deposit	(2,172,805)	(22,061,577)	(2,330,785)	(20,731,878)
Redemption of interest earning bank deposits	2,480,691	22,167,069	2,127,433	20,669,669
Net cash derived from investment activities	307,886	105,492	(203,352)	(62,209)
Cash flows from financing activities Payment of dividends (Note 16 (f))	(2,825,468)	(2,825,468)	(2,539,014)	(2,539,014)
Amortization of leases (Note 15(b))	(521)	(521)	-	-
Net cash from financing activities	(2,825,989)	(2,825,989)	(2,539,014)	(2,539,014)
Net increase/(decrease) in cash and cash equivalents	16	(231)	70	44
Cash and cash equivalents at the beginning of the period	88	435	81	430
Cash and cash equivalents at the end of the period	104	204	151	474
The accompanying notes are an integral part of the interim financial information.

Statement of cash flows for the period - Indirect method

September 30, 2025

In thousands of reais, unless otherwise indicated

STATEMENT OF CASH FLOWS

January 01-September 30, 2025 January 01-September 30, 2024

Statement of added value for the period

September 30, 2025

In thousands of reais, unless otherwise indicated

‌STATEMENT OF ADDED VALUE January 01-September 30, 2025 January 01-September 30, 2024

Parent Company Consolidated Parent Company Consolidated

Revenues		141,934	1,834,805		226,894		1,757,075
Revenues from access to the distribution network and use of the brand		141,931	141,931		133,854		133,854
Revenues from rendering of services	-		1,692,869	-			1,527,770
Other revenues		3	5		93,040		95,451
Inputs acquired from third parties		(19,364)	(485,887)		(14,635)		(341,115)
Cost of products, goods sold and services rendered	-		(456,029)	-			(322,275)
Materials, energy, outsourced services and other		(19,364)	(29,858)		(14,635)		(18,840)
Gross added value		122,570	1,348,918		212,259		1,415,960
Depreciation, amortization and depletion		(594)	(594)		(16)		(16)
Net value added produced by the Entity		121,976	1,348,324		212,243		1,415,944
Added value received as transfer		3,228,521	2,602,333		2,577,210		1,947,285
Equity in net income of subsidiaries		3,151,773	2,467,389		2,495,785		1,814,570
Financial revenues		76,748	134,944		81,425		132,715
Total added value to be distributed		3,350,497	3,950,657		2,789,453		3,363,229
Distribution of added value		3,350,497	3,950,657		2,789,453		3,363,229
Personnel		57,563	70,705		52,218		65,465
Direct remuneration		43,862	53,303		40,584		50,548
Benefits		10,668	13,678		8,816		11,422
FGTS		3,033	3,724		2,818		3,495
Taxes, rates and contributions		63,328	645,639		88,379		641,089
Federal		63,328	593,620		86,435		594,729
Municipal	-		52,019		1,944		46,360
Third parties' capital remuneration		10,025	14,732		3,395		11,214
Interest		6,053	6,053	-		-
Rents		953	1,170		1,082		1,384
Other		3,019	7,509		2,313		9,830
Remuneration of own capital		3,219,581	3,219,581		2,645,461		2,645,461
Dividends		1,890,000	1,890,000		1,541,039		1,541,039
Retained earnings/loss for the period		1,329,581	1,329,581		1,104,422		1,104,422

The accompanying notes are an integral part of the interim financial information.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

‌Note 1 - Operations and general information

Caixa Seguridade Participações S.A. ("CAIXA Seguridade", "Company", or "Parent Company"), the leading company of the CAIXA Seguridade Conglomerate ("Conglomerate"), was incorporated as a subsidiary of Caixa Econômica Federal ("CAIXA") on May 21, 2015, in accordance with Brazilian law, for an indefinite term, with the corporate purpose of acquiring equity interests or holding, directly or indirectly, as a partner or quotaholder, interests in the capital of other companies, in Brazil or abroad, whose corporate purpose is the structuring and marketing of insurance in various lines of business, supplementary private pension plans and premium bonds' plans, administration, marketing and provision of private health and dental plans, brokerage of these products, in addition to structuring, administration and marketing of credit letters and carrying out reinsurance and retrocession transactions in Brazil and abroad.

CAIXA Seguridade, in this context, monitors the evolution of macroeconomic scenarios that may impact the dynamics of its business and the business of its equity interests.

The Company, registered under EIN [CNPJ] 22.543.331/0001-00, is headquartered at Setor Hoteleiro Norte- SHN, Quadra 1, Bloco E, Conjunto A, Edifício CNP, 16º e 17º andar - Brasília - Distrito Federal - Brazil.

Equity interest
We describe below the main direct and indirect equity interests of CAIXA Seguridade that make up these financial statements of the Parent Company and Consolidated:
1. CNP Seguros Holding Brasil S.A. ("CNP Brasil")
  Previously named Caixa Seguros Holding S.A. ("CSH"), it is a company incorporated as a privately-held corporation, with the business purpose of holding equity interest as a shareholder or partner in companies that engage in insurance activities across all branches, including health and dental plans; premium bonds' plans; open private pension plans, in the form of savings and income; management of credit letter; and related or complementary activities to those described above.
  This company has its capital divided into 51.75% of the shares in the name of the French group CNP Assurances and 48.25% of the shares in the name of CAIXA Seguridade.
2. Caixa Holding Securitária S.A. ("CAIXA Holding")
  Wholly-owned subsidiary of CAIXA Seguridade, established on May 21, 2015, with the business purpose of acquiring equity interests in entities authorized to operate by the Brazilian Superintendence of Private Insurance (SUSEP).
  1. XS3 Seguros S.A. ("XS3 Seguros" or "Caixa Residencial")
    Company incorporated on August 19, 2020, as a privately-held corporation, whose purpose is the distribution, promotion, offering, sale, and after-sales of mortgage and home insurance products developed or that may be developed by XS3 Seguros.
    It is a company established with the aim of fulfilling the association agreement signed with Tokio Marine (Tokio Marine Agreement) for the operation of Mortgage and Home insurance in the CAIXA distribution network.
  2. XS4 Capitalização S.A. ("XS4 Capitalização" or "Caixa Capitalização")
    Company incorporated on August 19, 2020 as a privately-held corporation, whose purpose is the distribution, disclosure, offering, sale and after-sales of premium bonds' products of any type developed or that may be developed by XS4 Capitalização.
    This is a company established with the aim of fulfilling the association agreement signed with Icatu ("Icatu Agreement") for the operation of the premium bonds' sector in CAIXA distribution network.
    Notes to the interim financial statements
    September 30, 2025
    In thousands of reais, unless otherwise indicated
    a.2.3) Too Seguros S.A. ("Too Seguros")
    The current name of PAN Seguros S.A., it is a privately-held corporation and a joint venture by CAIXA Seguridade and BTG
    
    Pactual Holding de Seguros Ltda. ("BTG Holding"), with equity interests of 49.00% and 51.00%, respectively. It aims to operate the segments of personal insurance (legal entities and individuals), credit life, mortgage, personal injury (DPVAT), and property and casualty insurance.
    a.2.4) PAN Corretora de Seguros Ltda. ("PAN Corretora")
    It is a privately-held corporation and a joint venture by BTG Pactual Holding Participações S.A. and CAIXA Seguridade, with equity interests of 51.00% and 49.00%, respectively. This company is engaged in the management, guidance, and brokerage of basic insurance, life insurance, and pension plans.
3. Holding XS1 S.A. ("Holding XS1" or "Caixa Vida e Previdência")
  Company incorporated on August 17, 2020, as a privately-held corporation, engaged in holding equity interests in insurance companies and open private pension entities authorized to operate by the Superintendency of Private Insurance (SUSEP).
  This is a company established with the aim of fulfilling the association agreement signed with CNP (CNP Agreement) for the exclusive operation of life insurance and credit life insurance branches, as well as private pension products in CAIXA distribution network.
4. XS5 Administradora de Consórcios S.A. ("XS5 Consórcios" or "Caixa Consórcios")
  Company incorporated on December 03, 2020, as a privately-held corporation, whose business purpose is managing a credit letter group in accordance with current legislation.
  This is a company established with the aim of fulfilling the association agreement signed with CNP (Agreement of CNP-
  Consórcios) for the operation, for a term of 20 years, of the credit letter sector in CAIXA distribution network.
5. XS6 Assistência S.A. ("XS6 Assistência" or "Caixa Assistência")
  Formerly named XS6 Participações S.A. ("XS6 Participações"), is a company incorporated on October 23, 2020, as a privately-held corporation, whose corporate purpose is (i) the distribution, disclosure, offer, sale and after-sales of assistance services, including for insurers, premium bonds' companies, credit letter administrators, specialized health insurers and health care plan operators, (ii) the provision of assistance service intermediation, (iii) technical advice in general, and (iv) equity interests in other companies.
  This is a company established with the aim of fulfilling the association agreement signed with USS Soluções Gerenciadas
  S.A. - Tempo Assist (Tempo Agreement) for the operation, for a term of 20 years, of the assistance services sector in
  CAIXA distribution network.
6. Caixa Seguridade Corretagem e Administração de Seguros S.A. ("CAIXA Corretora")

Company incorporated on August 17, 2020, as a privately-held corporation, wholly owned subsidiary of CAIXA Seguridade, whose business purpose is: holding interest in other domestic or foreign companies; advisory and consulting services in the insurance sector; brokerage and management of insurance, in all the descriptions permitted by current legislation, open supplementary private pension plans, premium bonds, and other brokerage resulting from the insurance sold in and outside CAIXA distribution network.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Breakdown of direct and indirect investments in equity interests of CAIXA Seguridade:

Company Description

CAIXA Holding Securitária: CAIXA Holding Securitária has as its exclusive business purpose the equity interest in companies authorized to operate by the Brazilian Superintendency of Private Insurance (SUSEP).

Too Seguros S.A. It is a privately-held corporation whose business purpose is: (a) property and casualty insurance operations; and (b) the equity interest as a shareholder or partner in other companies or ventures, except in a brokerage firm.

Governed by the Shareholders' Agreement entered into between Caixa Holding Securitária S.A. and BTG Pactual Holding Participações S.A., its purpose is the brokerage and administration, in all forms permitted by current legislation, of: (a) insurance; (b) supplementary private

% of Company's interest

09/30/2025

Direct Indirect

100.00 -

- 49.00

PAN Corretora de Seguros Ltda.

XS3 Seguros S.A.

XS4 Capitalização S.A.

Caixa Seguridade Corretagem e Administração de Seguros S.A.

Fundo de Investimento CAIXA Extramercado Exclusivo Corretora Renda Fixa

CNP Seguros Holding Brasil S.A.

Caixa Seguradora Especializada em Saúde S.A.

pension plans; (c) premium bonds; (d) health plans, health insurance, dental insurance, and benefits; (e) intermediation of services/businesses of assistance in general, linked or not to insurance products; (f) rendering of advisory services on insurance brokerage; and, also (g) the equity interest in other companies, ordinary partnership or business company, as partner, quotaholder, debenture holders, investment funds, and real estate ventures in general, except in insurance companies, reinsurance companies, premium bonds' entities, or open supplementary private pension entities.

Privately-held corporation, governed by the Shareholders' Agreement entered into between Caixa Holding Securitária S.A. and Tokio Marine Seguradora S.A., whose business purpose is the distribution, promotion, offering, sale, and after-sale of mortgage and home insurance developed or that may be developed by the company.

Privately-held corporation, governed by the Shareholders' agreement entered into between Caixa Holding Securitária S.A and Icatu Seguridade S.A., whose business purpose is the distribution, dissemination, offering, sale, and after-sales of premium bonds' products of any type, developed or that may be developed by the company.

Wholly-owned subsidiary of Caixa Seguridade whose business purpose is: (i) holding interest in other domestic or foreign companies; (ii) advisory and consulting services in the insurance sector; (iii) brokerage and management of insurance in all modalities permitted by current legislation, supplementary private pension plans, premium bonds, units of credit letters, assistance services, health and dental plans, as well as any contracts distributed or marketed within CAIXA's distribution network or outside CAIXA's distribution network.

Investment fund organized as an open-ended fund, with an indefinite term and intended to receive investments exclusively from CAIXA Corretora. The fund is managed and held in custody by CAIXA ECONÔMICA FEDERAL, portfolio management services are also conducted by CAIXA Distribuidora de Títulos e Valores Mobiliários S.A.

CNP Seguros Holding Brasil, governed by the Shareholder's Agreement signed between Caixa Seguridade S.A, CNP Assurances S.A. and CNP Assurances Latam Holding Ltda, whose corporate purpose is to hold interests in other companies, whether Brazilian or foreign, may also hold interests in the capital of companies of Insurance, Premium Bonds, Private Pension, Administration of Credit Letters, Consultancy of the Public Pension Area for States and Municipalities, and Insurance Company Specialized in the Health Branch, in compliance with current legislation.

Wholly owned subsidiary of CNP Seguros Holding Brasil whose business purpose is the operation and commercialization, throughout the Brazilian territory, of health, medical, and dental insurance, in all the modalities provided by the relevant legislation, including the rendering of services for the management, planning, organization, and operation of private health insurance, and may also hold interests in the capital of other civil or commercial companies related to its business purpose.

- 49.00

- 75.00

100.00 -

- 100.00

48.25 -

- 48.25

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Company Description

% of Company's interest

09/30/2025

Direct Indirect

CNP Participações Securitárias Brasil Ltda.:

Caixa Seguradora S.A.

Youse Seguradora S.A.

Youse Tecnologia e Assistência em Seguros Ltda.

Fundo de Investimento CAIXA Extramercado Exclusivo Seguridade Renda Fixa

Holding XS1 S.A.

Caixa Vida e Previdência S.A.

XS5 Administradora de Consórcios S.A.

XS6 Assistência S.A.

Wholly owned subsidiary of CNP Seguros Holding Brasil whose business purpose is the equity interest in other companies that operate in the segment regulated by the Superintendence of Private Insurance - SUSEP.

Wholly owned subsidiary of CNP Participações Securitárias Brasil Ltda. whose business purpose is the operation of insurance, in any of its descriptions or forms, especially in property and casualty insurance, and it may also hold interests in the capital of other companies related to its business purpose.

Wholly-owned subsidiary of CNP Participações Securitárias Brasil Ltda. whose business purpose is the operation of property and casualty insurance operations, in any of its descriptions or forms, throughout the Brazilian territory, and may also hold interests in the capital of other companies, in accordance with the relevant legal provisions.

Wholly-owned subsidiary of CNP Seguros Holding Brasil whose business purpose is the rendering of advisory and consulting services in insurance, private pension, health, and premium bonds; financial asset management, pension services, auditing, evaluation, planning, guidance, control, supervision, and execution of studies and research on accounting mathematics, economic finance, statistics, actuarial, and organizational; the conduct of studies and execution of technical services for structuring, modeling, adjustment, training, and implementation of pension, tax, fiscal, administrative, and asset systems for the Federal Government, Federal District, States, and Municipalities, in Direct and Indirect Administration; the execution of consulting and software development work; development of sector studies in the insurance, private pension, and premium bonds market; the billing and rendering of tele-assistance and telemarketing services in active and passive modalities, the rendering of assistance services for light and heavy vehicles, motorcycles, and other motorized means of transportation, and the provision of specialized property and casualty assistance that consist of complementary services to insurance in general; and the interest in other domestic or foreign companies as a partner or partner and quotaholder.

Investment fund organized as an open-ended fund, with an indefinite term and intended to receive investments exclusively from CAIXA Seguridade. The fund is managed and held in custody by CAIXA ECONÔMICA FEDERAL, portfolio management services are also conducted by CAIXA Distribuidora de Títulos e Valores Mobiliários S.A.

Privately-held corporation, governed by the Shareholders' Agreement entered into between Caixa Seguridade, CNP Assurances Participações Ltda, CNP Assurances Brasil Holding Ltda and CNP Assurances S.A., which aims to hold equity interests in insurance companies and open private pension entities, authorized to operate by the Superintendence of Private Insurance - SUSEP.

Privately-held corporation, wholly-owned subsidiary of Holding XS1. Its purpose is to operate in the field of life insurance and open private pension plans, in the forms of lump sum and income, as defined by current legislation, and may hold interests in other companies.

Privately-held corporation, governed by the Shareholders' Agreement entered into between Caixa Seguridade and CNP Assurances

Participações Ltda, whose business purpose is the management of credit letter groups in accordance with the current legislation. Privately-held corporation, governed by the Shareholders' Agreement entered into between Caixa Seguridade and USS Soluções Gerenciadas S.A., which has the following business purpose: the distribution, dissemination, offer, marketing, sale and after-sales in distribution channels, physical, remote or virtual, of Caixa Econômica Federal (and/or companies controlled by Caixa Econômica Federal, directly or indirectly, which operate with banking, financial and/or related activities) of assistance service products, characterized as an activity provided in relation to people, automobiles or residences through a network of accredited service providers, on an emergency or non-emergency basis, linked or not linked to an insurance, supplementary private pension plan, premium bonds or credit letter product, with no pecuniary consideration for the client, developed or which may be developed by the Company.

- 48.25

100.00 -

60.00 -

- 60.00

75.00 -

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Subsequent offering of common shares (follow on)

According to the Notice to the Market disclosed on March 28, 2024, CAIXA Seguridade informed its shareholders and the market in general that its parent company Caixa Econômica Federal ("CAIXA") decided, within the scope of its Board of Officers, to authorize the preparation of studies and analyses necessary for a potential future disposal of shares, without changing the control. This action aims to achieve the minimum percentage of outstanding shares of the Company, in accordance with the rules of the Novo Mercado segment of B3 and without changing the control of the Company ("Potential Offer").

In light of this, the Company issued a new Notice to the Market on October 16, 2024, informing that it received a letter from its Parent Company stating that at the General Meeting held on that date, it authorized the continuation of the procedure for a potential subsequent public offering of common shares issued by CAIXA Seguridade.

Through the Notice to the Market disclosed on December 26, 2024, the Parent Company notified the completion of the selection process for the Syndicate of Banks to act as coordinators. The financial advisory services in the context of the Potential Offering, including preparatory work for defining the feasibility and the terms and conditions, were provided by Banco Itaú BBA S.A., Banco BTG Pactual S.A., Bank of America Merrill Lynch Banco Múltiplo S.A., UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Caixa Econômica Federal.

In continuation of the relevant facts disclosed earlier, the Company announced that, on March 19, 2025, the Caixa Econômica Federal approved the price per common share issued by the Company, set at R$ 14.75 (fourteen reais and seventy-five cents), as defined in the "Bookbuilding" Procedure. The public offering of secondary distribution covered a total of eighty-two million, three hundred and eighty thousand, eight hundred and ninety-three (82,380,893) common shares, amounting to one billion, two hundred and fifteen million, one hundred and eighteen thousand, one hundred and seventy-one reais and seventy-five cents (R$ 1,215,118,171.75).

The offering was made in Brazil, in an unorganized over-the-counter market, under the terms of CVM Resolution 160, of July 13, 2022, and other applicable legal and regulatory provisions. At the same time, efforts were made to place the shares abroad, exclusively for qualified institutional investors in the United States and for non-resident investors in other countries, in accordance with applicable legislation.

d) Non-renewal of the Shareholders' Agreement of Too Seguros

According to the Notice to the Market disclosed on July 31, 2025, the Company informed its shareholders and the market in general about the non-renewal of the Too Seguros Shareholders' Agreement, which expired on August 01, 2025, along with the simultaneous loss of the validity of the Operational Contract, which allows the offering of mortgage insurance by Too Seguros at the banking correspondents and lottery outlets of Caixa Econômica Federal.

With the expiration of the Shareholders' Agreement, the Company will remain the holder of 49.0% of the capital of Too

Seguros, preserving the rights guaranteed by applicable law and/or the Bylaws of Too Seguros.

‌Note 2 - Presentation of individual and consolidated financial statements

The individual and consolidated financial statements were prepared in accordance with accounting practices commonly adopted in Brazil, including the pronouncements issued by the Accounting Pronouncement Committee (CPC), standards issued by the Brazilian Securities and Exchange Commission (CVM) as well as by the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

The presentation of the Individual and Consolidated Statement of Added Value is required by Brazilian corporate law and the accounting practices adopted in Brazil applicable to publicly-held companies. The Statement of Added Value was prepared in accordance with the criteria defined in Technical Pronouncement CPC 09 - "Statement of Added Value". The IFRS do not require the presentation of this statement. Accordingly, in conformity with IFRS, this statement is presented as supplementary information, without prejudice to financial statements as a whole.

These individual and consolidated financial statements were approved and authorized for issuance by the Board of Directors of CAIXA Seguridade on November 06, 2025.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

‌Note 3 - Material accounting practices

The significant and material accounting practices adopted in the preparation of financial statements are as follows: Those practices were consistently applied in the periods presented, unless otherwise stated.

Consolidation
1. Controlled companies
  These are all companies in which the Company has direct or indirect control in financial and operational management. The Company exercises control over an investee when it has (i) power over the investee; (ii) exposure to, or rights over, variable returns deriving from its involvement with the investee; and (iii) capacity to use its power over investee to affect value of its returns.
  The controlled companies are fully consolidated as of the date control is acquired by the Group, and stop being consolidated as of the date when control no longer exists.
  The transactions between the Group Companies, comprising the balances, revenues, expenses, gains, and unrealized losses are eliminated during the consolidation process.
Functional and presentation currency
Items included in the individual and consolidated financial statements are measured using the currency of the primary economic environment in which the Company operates ("the functional currency").
The individual and consolidated financial statements are being presented in Real, which is CAIXA Seguridade's functional
and presentation currency.
Recognition of revenues and expenses

The revenue from access to the distribution network and the use of the CAIXA brand includes the fair value of the total consideration received or to be received as compensation for access to the marketing and distribution of insurance products, supplementary private pension plans, premium bonds, and units of credit letter groups made available in the CAIXA distribution network by affiliated institutions, parties to contracts or operational agreements previously established with the CAIXA Seguridade Conglomerate.

Revenue from services rendered comprises the fair value of consideration received or receivable by CAIXA Corretora, the own brokerage firm of the Group, as a result of the rendering of brokerage or intermediation services on the insurance products distributed over CAIXA distribution network.

The Conglomerate recognizes these revenues when its value may be reliably measured, including its associated costs, when it is probable that future economic benefits will flow, and specific criteria have been met for each of the Conglomerate's activities, specifically: (i) the issuance of the policy and/or certificate and, cumulatively, (ii) the consequent receipt of the premium, contribution, and transfers received from insurance companies, premium bonds' entities, supplementary private pension plans, credit letter administrators, and assistance services.

The income (loss) from investments in equity interests is obtained through the application of the equity method on the results achieved by the Group's investees, especially by insurance companies, premium bonds' entities, and supplementary private pension entities regulated and supervised by the Superintendence of Private Insurance (SUSEP).

In order to ensure a faithful representation of our equity interests, the calculation of the equity method considers the existence of differentiated rights of certain categories of shares and contractual rights that disproportionately affect the results of affiliates and controlled companies (see Note 12).

Revenues and expenses are recognized on an accrual basis, and reported in the financial statements for the fiscal years to which they refer.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Cash and cash equivalents

Cash and cash equivalents include cash and cash equivalents in domestic currency and investments that are immediately

convertible into cash and subject to low risk of change in value, with original liquidity of less than 90 days.

The breakdown, terms, and yields obtained from the investments recorded in cash and cash equivalents are presented

in Note 8 - Cash and cash equivalents.

Financial instruments at fair value
Financial instruments are classified based on the business model for asset management, as well as based on the characteristics of the contractual cash flows negotiated for the financial asset.
Financial instruments are initially measured at fair value plus transaction costs, directly attributed to its acquisition, except in cases of financial assets recorded at the fair value through profit or loss.
The financial assets can be classified into one of the categories: (i) financial instrument measured at fair value through profit or loss; (ii) financial instrument measured at amortized cost and; (iii) financial instrument measured at fair value through other comprehensive income.
The financial instruments held by CAIXA Seguridade and its subsidiaries refer to units of short-term investment funds, units of exclusive investment funds, and federal government bonds, and are measured at fair value through profit or loss.
Amounts receivable
The amounts receivable correspond to the revenues, predominantly arising from related parties, related to brokerage and intermediation revenues and access to the distribution network and use of the CAIXA brand in insurance, supplementary private pension plans, premium bonds, and units of credit letter groups. The receipt term is less than one year, with the classification recorded in current assets.
Acquisition of investments in equity interests
The investment acquisition in equity interests, where the relationship results in the exercise of at least significant influence, is recorded using the acquisition method. Under this method, identifiable acquired assets (including intangible assets not previously recognized), assumed liabilities and contingent liabilities are recognized at fair value. Positive differences between the acquisition cost and the fair value of the identifiable net assets acquired are recognized as goodwill. In the event a negative difference is calculated (gain on advantageous purchase), the identified amount is recognized in the statement of income for the fiscal year within "Other operating revenues".
Transaction costs incurred by the Conglomerate in a, acquisition of investment in equity interest, except for those related to the issue of debt or equity instruments, are recorded in the statement of income for the fiscal year when incurred. Any contingent consideration payable is measured at its fair value.
The results of investees acquired during the accounting period are included in the financial statements from the date of the acquisition until the end of fiscal year. The results of investees sold during the fiscal year are included in the financial statements from the beginning of the fiscal year until the date of the disposal, or the date on which the Company ceased to have significant influence or control.
Equity interest investments
Investments are accounted for at the equity method and initially recognized at cost. The investment includes goodwill, as well as intangible assets identified in the acquisition, if any, net of any accumulated impairment losses.
The Conglomerate's interest in income or losses in affiliates and joint ventures is recognized in the statement of income and interest in changes in reserves is recognized in the Conglomerate's reserves. When the Conglomerate's interest in losses of an affiliate or joint ventures is equal to or higher than investment book value, including any other receivables, the Group does not recognize additional losses unless it has incurred obligations or made payments on behalf of the affiliate or joint ventures.

Notes to the interim financial statements
September 30, 2025
In thousands of reais, unless otherwise indicated
Unrealized gains from operations between the Conglomerate and its affiliates or joint ventures are eliminated proportionately to the interest. Non-realized losses are also eliminated unless the transaction shall provide evidence of a loss (impairment) of the transferred asset.
If the ownership interest in the affiliate is reduced, but the significant influence is retained, only a proportional part of the amounts previously recognized in other comprehensive income will be reclassified into profit or loss, when appropriate.
Impairment of non-financial assets
Assets with an indefinite useful life, such as goodwill, are not subject to amortization and are tested every year to identify any possible need of impairment. Goodwill impairment reviews are conducted annually or more often if events or changes in the circumstances indicate possible impairment.
Assets subject to amortization are reviewed to confirm their impairment whenever events or changes in circumstances indicate that the book value may not be recoverable. An impairment loss is recognized when the book value of the asset exceeds its recoverable value which reflects the higher value between the fair value of the asset minus the costs of disposal and its value in use.
For impairment valuation purposes, assets are grouped at the lowest levels for which there are separately identifiable cash flows (Cash Generating Units - CGUs). For testing purposes, goodwill is allocated to Cash Generating Units or to groups of Cash Generating Units that should benefit from the business combination from which the goodwill was generated and are identified in accordance with the operating segment.
Non-financial assets, except goodwill, that suffered impairment are then reviewed for an analysis of a possible reversal of impairment on the balance sheet date. Impairment from goodwill recognized in income (loss) for the fiscal year is not reversed.

Taxes

Income tax and social contribution expenses of the period include current and deferred taxes. Income taxes are recognized in the statement of income, except to the extent they are related to items directly recognized in shareholders' equity or comprehensive income. In that case, the tax is also recorded in shareholders' equity or comprehensive income.

The current and deferred income tax and social contribution charges are calculated based on enacted tax laws, or substantially enacted, on the balance sheet date of countries in which the Conglomerate's entities operate and generate taxable income. Management periodically evaluates the positions taken by the Conglomerate in the calculations of income tax with respect to situations in which applicable tax regulation is subject to interpretations; and establishes provision when appropriate, on the basis of amounts expected to be paid to the tax authorities.

Current income tax and social contribution are stated at net values, by the taxpayer entity, in liabilities when there are amounts payable, or in assets when the prepaid amounts are in excess of the total payable as of the end of the reporting period.

Deferred income tax and social contribution are recognized on temporary differences arising from differences between the tax basis of assets and liabilities and their values in the financial statements.

Deferred income tax and social contribution assets are recognized only in the proportion of the probability that the future taxable income will be available and temporary differences can be used against it.

Deferred income taxes are presented at net value in balance sheet when there is the legal right and the intention of offsetting current tax assets against current tax liabilities, in general related to the same legal entity and the same tax authority. Accordingly, deferred tax assets and liabilities in different entities or countries are in general presented separately, and not at net value.

The taxes applicable to CAIXA Seguridade and its subsidiaries are calculated based on the rates presented in the chart below:

Income tax (15.00% + 10.00% surtax)	25%
Social contribution on net income - CSLL	9%
Social integration program - PIS (1)	1.65% / 0.65%
Contribution for Social Security Funding - COFINS (1)	7.6% / 4%
Service tax (ISS) - ISSQN	Up to 5%
(1) The rates of PIS and COFINS applicable to financial revenues are 0.65% and 4%, respectively, as provided in Decree 8426/2015.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Taxes

Rate

Dividends distributed and interest on own capital
Dividends distributed are calculated on adjusted net income for the fiscal year.
The Conglomerate may at any time prepare new financial statements in compliance with any legal requirements or due to corporate interests, including for the resolution of interim dividends.
Brazilian companies can assign a nominal interest expense, deductible for tax purposes, on their equity. This amount of interest on own capital is considered a dividend.
The dividends distributed and the interest on own capital are recognized as a liability at the end of the fiscal year, with the amount exceeding the mandatory minimum only being accrued on the date of approval and deducted from shareholders' equity.
Presentation of segment reporting
The segment information was established considering the Management's outlook on the management of the business activities of the CAIXA Seguridade Group and presents information that expresses the nature and the equity and financial effects of these business activities, as well as the environments in which the Company operates.
Following the conclusion of the partnerships, the business activities of the CAIXA Seguridade Group began to be subdivided into three (3) segments, namely: Run-off/Open Sea (insurance businesses operated by the former partner or operated outside CAIXA distribution network), Security (investment in security businesses established as a result of the competitive process of choosing strategic partners to operate the CAIXA distribution network) and Distribution (businesses related to the management of access to the distribution network and use of the CAIXA brand and the brokerage and intermediation of security products).
Non-current assets held for sale
The Company classifies a non-current asset (or a group of assets) as "held for sale" if its book value is about to be
recovered mainly through a sale transaction rather than its continuing use.
So that this be the case, the asset (or group) must be available for immediate sale at current conditions, subject only to customary and usual terms for the sale of such assets (or groups) and its sale must be highly likely.
All rules regarding the impairment of assets apply to non-current assets held for sale.
If the sale plan is abandoned, or the conditions for being held as held for sale no longer exist, the entity shall cease to classify the asset as held for sale and shall measure the asset at the lower of its value if it had not left that group or its recovery value at the date of the subsequent decision not to sell.
This classification denotes the recognition of "non-current assets held for sale" separately in current assets, as well as an operation as discontinued on the date on which the operation meets the criteria to be classified as held for sale or when the entity discontinues the operation.
Leases

The Company adopts the technical pronouncement CPC 06 (R2)/IFRS 16 - Leases, recognizing, as a lessee, the lease contracts in the balance sheet through the right-of-use asset and the corresponding lease liability.

The current contract refers to the property used as administrative headquarters, with a contractual term of 60 months and an annual adjustment clause based on the IPCA for the period. The lease liability is measured at the present value of future payments, discounted at the nominal incremental rate on loans, determined based on market conditions and the Company's credit profile.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Future payments are adjusted for projected inflation, and the remeasurements of the lease liability reflect changes in the indices used for contractual adjustments. The right-of-use asset is depreciated linearly over the term of the contract, and the financial charges are recognized in the statement of income using the effective interest method.

The Company annually reviews its economic assumptions to reflect any relevant changes in the guidelines used.

‌Note 4 - Recently issued pronouncements and laws

The following standards were issued by the IASB and adopted in Brazil by the Accounting Pronouncement Committee (CPC) and recently came into effect.

IFRS 9 (CPC 48) - Financial instruments
IFRS 9 (CPC 48) - Financial instruments, issued by the IASB in replacement of the IAS 39 (CPC 38) pronouncement, establishes, among other things, requirements for: i) classification and measurement of financial assets and liabilities; ii) impairment of financial assets and iii) hedge accounting.
IFRS 9 classifies financial assets depending on the characteristics of contractual cash flows and the business model to manage the assets, which can be measured at: i) amortized cost; ii) fair value through profit or loss (FVTPL) or iii) fair value through other comprehensive income (FVTOCI).
The standard became effective on January 1, 2018 for companies regulated by Brazilian Securities and Exchange Commission ("CVM"). However, CPC 11 - Insurance Contracts allowed insurance companies that met specified criteria to apply the temporary exemption from IFRS 9 (CPC 48) for prior periods before January 1, 2023, unless another date was required or defined by regulatory bodies, thus allowing them to continue applying CPC 38 (IAS 39) during that period.

IFRS 17 (CPC 50) - Insurance contracts

In May 2017, the IASB published the standard IFRS 17 - Insurance Contracts (CPC 50), replacing IFRS 4 (CPC 11), which establishes principles for the recognition, measurement, presentation, and disclosure of insurance contracts, reinsurance, and investment contracts with discretionary equity interest characteristics. The standard aims to standardize these contracts, in contrast to IFRS 4, which allowed companies to account for insurance contracts using Brazilian accounting standards, resulting in different approaches. Thus, the new standard allows that insurance contracts are accounted for consistently, benefiting both investors and insurance companies.

The validity of the standard will be established from the approval by the regulatory bodies. In this sense, the Securities and Exchange Commission ("CVM") issued CVM Resolution 42, dated July 22, 2021, approving CPC 50 and making it mandatory for publicly-held companies as of January 1, 2023, thus making it mandatory for the Company to adopt. Nevertheless, the Superintendence of Private Insurance ("SUSEP") has not yet commented on the adoption of IFRS 17. Thus, for its regulated entities, the provisions of IFRS 4 (CPC 11) - Insurance Contracts are still in effect.

Unlike IFRS 4 (CPC 11), IFRS 17 (CPC 50) introduces the requirement to separate insurance contracts into groups of contracts, or cohorts, with a maximum of twelve (12) months of issuance. In addition, each contract group is divided based on the expected profitability presented by these portfolios, so that its initial recognition can be classified as:

group of contracts that are onerous at initial recognition;
a group of contracts that at initial recognition has no significant possibility of becoming onerous subsequently; and

group of contracts remaining in the portfolio, that is, profitable contracts.

Furthermore, the standard presents new measurement models for insurance contracts, which are determined based on specific criteria that involve quantitative and qualitative analyses of these contracts. The measurement models can be divided into three:

General Measurement Approach (BBA - Building Block Approach);
Premium Allocation Approach (PAA) or simplified approach;
VFA - Variable Fee Approach for contracts with direct participation features.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

The General Measurement Approach (BBA - Building Block Approach) is the standard model of the standards, and it can be applied to all contracts, except for direct equity interest contracts, which have a specific accounting model. In the BBA, the liability/obligation of contracts will be measured according to the following blocks: i) expected future cash flows: premiums, claims, benefits, expenses and acquisition costs; ii) the "time value of money" discount: adjustments that convert future cash flow into current values; iii) risk adjustments (RA): specific assessments by the company regarding the uncertainties of the value and timing of future cash flows and iv) contractual service margin ("CSM"): represents the unearned profit of the group of insurance contracts that the entity will recognize as the services are provided.

The CSM is recognized as deferred revenue, in the liabilities, and is recognized as revenue over the term of the contract. It is adjusted as changes occur in future cash flows.

A second measurement model, the Variable Fee Approach (VFA), is applicable to insurance contracts with direct participation characteristics that contain the following conditions: i) the contractual terms specify that the insured participates in a portion of a pool of clearly identified underlying items; ii) the entity expects to pay the holder of the policy an amount equal to a substantial portion of the fair value of the returns of the underlying items; and iii) it is expected that a substantial portion of the cash flows that the entity expects to pay to the holder of the policy will vary according to changes in the fair value of the underlying items.

The PAA model, or Premium Allocation Approach, is a simplified model of IFRS 17 (CPC 50), allowed for groups of insurance contracts that have a contract term of less than 12 months. This model is optional and can be applied to: i) all insurance contracts that are not those with characteristics of direct equity interest, provided that the PAA model produces a measurement that does not differ significantly from that produced by applying the BBA model; ii) short-duration contracts (coverage period of one year or less).

To fully comply with the standard, the need for adjustment of the balances between standards is established. This transition should occur at the beginning of the annual reporting period, immediately prior to the initial application date, that is, starting from January 1, 2023, for companies that do not consider the early application of the standard.

Regarding the transition approaches, the inventory of insurance contracts must be measured in accordance with IFRS 17 (CPC 50) as of January 1, 2023 (and the comparative period), with the transition date being January 01, 2022.

There are 3 types of approaches for applying the transition of IFRS 17 (CPC 50), which can be adopted by portfolio,

namely:

Full Retrospective Approach (FRA);
Modified Retrospective Approach (MRA);

Fair Value Approach (FVA).

IFRS 17 (CPC 50) determines that the primary model to be applied is the full retrospective approach (FRA), which presents complete information about the group of contracts from the initial date of the contract's provision. However, its application will be in accordance with the availability or quality of existing data, which is determined based on the efforts required for the company to have access to this data, and for how long this access is possible, since systematic changes may cause some contracts, especially older ones, to lose their information from the beginning of their validity. The company may terminate the search when access to this data is impractical, leaving it at the company's discretion to choose between other transition approaches. According to IAS 8, the application of a requirement is impracticable when the Company cannot apply it after making all reasonable efforts to do so.

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

b.1) Segmentation of the portfolios, measurement models, and transition approach of the Group's investees covered

by the scope of the standard:

Company Portfolio	Measurement model (1)	Transition Model (2)
Holding XS1 Federal Prev	BBA	FVA
PGBL VGBL	VFA	FVA + MRA
Caixa Vida e Conjugated	VFA	FVA
Previdência Risks - Private Pension	BBA	FVA
Life	BBA	FVA + MRA
Vida Azul	BBA	FVA
Credit life	BBA	MRA
Umbrella - Excess of damages per event	PAA
Reinsurance Life - Excess of damages per event	PAA
Life - Excess of damages per risk	PAA
CNP Brasil Automobiles	BBA	FVA
Multiple Peril	BBA	FVA
Engineering Risks	BBA	FVA
Breach of Credit Guarantee	BBA	FVA
Caixa Seguradora DFI and MIP mortgage (sales until 2009)	BBA	FVA
Mortgage MPI Mortgage DFI and MIP (subsequent sales 2009)	BBA	MRA
Home - Youse digital platform	BBA	FVA
Cars - Youse digital platform	BBA	FVA
Life - Youse digital platform	BBA	FVA
Caixa Saúde Health	BBA	FVA
Mortgage	BBA	FRA
XS3 Seguros S.A. Home	BBA	FRA
Reinsurance	PAA	FRA
Habitacional MIP	BBA	MRA
Habitacional DFI	BBA	MRA
Equity - Multiple Peril	BBA	MRA
Financial risks	BBA	MRA
Too Seguros Guarantee	BBA	MRA
Surety	BBA	MRA
Automóvel RCF	PAA	MRA
Property - Home	PAA	MRA
Rural	PAA	MRA

General Measurement Approach (BBA); Premium Allocation Approach (PAA); Variable Fee Approach (VFA).
Full retrospective approach (FRA); Modified retrospective approach (MRA); Fair value approach (FVA).

Tax reform
In December 2023, Constitutional Amendment 132 was enacted, amending the Federal Constitution to address Tax Reform. The standard promoted changes in the Brazilian Taxation System with the aim of modernizing and simplifying the taxation structure in the country.
In the enacted text, five taxes (ICMS, ISS, IPI, PIS, and COFINS) will be replaced by a Dual Value Added Tax (VAT) formed by the Goods and Services Tax - IBS (which replaces ICMS and ISS) and the Contribution on Goods and Services - CBS (which replaces PIS, PIS-Import, COFINS, and COFINS-Import), and by the Selective Tax, levied on the production, commercialization, or importation of goods and services that are harmful to health or the environment.
Notes to the interim financial statements
September 30, 2025
In thousands of reais, unless otherwise indicated
Once the Constitutional amendment was promulgated, efforts were directed towards enabling the regulation of the new
fiscal normative framework, which was divided into two Complementary Law Projects, PLP 68/2024 to establish the

Goods and Services Tax (IBS), the Social Contribution on Goods and Services (CBS), and the Selective Tax (IS), as well as to create the IBS Management Committee; and PLP 108/2024 that establishes the Management Committee of the Goods and Services Tax - CG-IBS, and it provides for the tax administrative processes of the IBS and the distribution of the revenue from the collection of the IBS and the CBS. The first Complementary Law Project was sanctioned on 01/16/2025, converted into Complementary Law 214/2025, and the second is awaiting approval from the Chamber of Deputies.
The Tax Reform will have a transition phase that will take place between 2026 and 2032, with its full implementation expected in 2033. The Company has been monitoring the discussions on this topic and is awaiting further regulations for more accurate assessments of the impacts.
IFRS 18 - Presentation and disclosure in the financial statements
Published in April 2024, IFRS 18 will replace IAS 1 (CPC 26 (R1)) - Presentation of financial statements. The new standard
will become effective for fiscal years started as of January 1, 2027.
Among the main changes, the introduction of a new structure for the statement of income stands out, segmented into three categories for the classification of revenues and expenses (operating, investment, and financing) and new subtotals. Furthermore, the standard enhances the criteria for presentation and greater transparency in the disclosure of performance metrics defined by management.
The new standard is under review by the Accounting Pronouncement Committee (CPC) and the Brazilian Securities Commission (CVM). The possible impacts are being evaluated by Company's management and will be completed by the date on which the standard enters into force.
OCPC 10 - Carbon Credits, Emission Allowances, and Decarbonization Credits (CBIO)
Approved by CVM Resolution 223/2024, OCPC 10 aims to guide the appropriate accounting treatment of operations related to carbon credits (tCO2e), emission allowances, and decarbonization credits (CBIO), considering their specific natures and the criteria established by Brazilian accounting standards. The standard came into effect on January 1, 2025, and applies to economic agents (entities) that act as developers (originators), intermediaries, or end users of these credits, depending on the nature of the operation and the economic objective involved (business model), also considering the value chain in the process of decarbonizing the economy.
In the specific case of entities that acquire carbon credits to offset their own greenhouse gas (GHG) emissions, that is, acting as end users, OCPC 10 recommends the accounting treatment based on Technical Pronouncement CPC 04 -Intangible Assets, provided that the asset is identifiable, controllable, reliably measurable, and brings future economic benefits, even if indirect.
In this regard, it is noteworthy that in January 2025, the Company acquired 3,000 Certified Emission Reductions (CERs) units, each corresponding to the reduction of one ton of carbon dioxide equivalent (tCO2e), originating from a project registered under the Clean Development Mechanism (CDM), established by the Kyoto Protocol. The acquisition was made with the purpose of voluntarily offsetting the GHG emissions associated with the Company's activities, with the progressive retirement of credits anticipated according to the results of the annual emissions inventory assessment.
In accordance with OCPC 10 and CPC 04, the receivables were recognized as intangible assets, measured at acquisition cost and classified in the Other Assets group. Amortization will occur proportionally to the number of credits effectively retired each fiscal year, reflecting the consumption of the expected economic benefit, related to the voluntary fulfillment of the Company's environmental commitments.
IFRS S1 - General requirements for disclosing financial information related to sustainability

and IFRS S2 - Climate-related Disclosures

In June 2023, the International Sustainability Standards Board (ISSB), linked to the IFRS Foundation, issued the IFRS S1 -General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 - Climate-related Disclosure.

IFRS S1 establishes the general requirements for disclosing financial information related to sustainability that is useful to users of financial reports. Its goal is to enable the assessment of how the sustainability-related risks and opportunities

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

can impact the entity's ability to generate value over time. The standard also defines the principles for the preparation and presentation of this information.

In turn, the IFRS S2 standard specifically addresses the disclosure of information regarding climate-related risks and opportunities, with the purpose of providing relevant grants for the assessment of climate impacts on the company's future outlook. The standard structures its requirements based on the pillars of governance, strategy, risk management, and metrics and goals.

In October 2023, the Brazilian Securities and Exchange Commission (CVM) published Resolution 193, which provides for the preparation and disclosure of the Sustainability-Related Financial Information Report, based on the standards issued by the ISSB.

Subsequently, in October 2024, the Brazilian Sustainability Pronouncements Committee (CBPS), responsible for studying, preparing, and issuing technical documents on sustainability disclosure standards and related information to enable Brazilian regulatory entities to issue standards, released Technical Pronouncement CBPS 01 - General Requirements for Disclosure of Financial Information Related to Sustainability and Technical Pronouncement CBPS 02 - Climate-Related Disclosures, both approved by the CVM through CVM Resolutions 217 and 218 and by the Federal Accounting Council (CFC) through NBC TDS 01 and NBC TDS 02 standards, respectively.

For publicly-held companies, the possibility of voluntary adoption of the preparation and disclosure of the report on the sustainability-related financial information has been established, based on the international standard issued by the ISSB, starting from fiscal years beginning on or after January 1, 2024. Starting from the fiscal years beginning on or after January 1, 2026, the preparation and disclosure of the report, based on the standards issued by the CBPS and approved by the CVM, becomes mandatory.

Management continues to assess the impacts of applying these standards on its processes, internal controls, reporting systems, and the way information is disclosed.

‌Note 5 - Main judgments and accounting estimates

Accounting estimates and judgments are constantly assessed and are based on prior experience and other factors, including expected future events considered as reasonable in view of circumstances.

Based on assumptions, the Conglomerate makes estimate concerning the future. By definition, the resulting accounting estimate will rarely be equal to the respective actual results. The estimate and assumption which present a significant risk, likelihood of causing an important adjustment to the book value of assets and liabilities for the coming fiscal year are shown below:

Definition of the nature of the relationship with the investees

Holding XS1: As stated in the Shareholders' Agreement, executed on December 17, 2020, CAIXA Seguridade is assured participation in decisions regarding relevant matters in the operational, financial, and strategic aspects of Holding XS1 S.A., characterizing the existence of significant influence over the affiliate.
CNP Brasil: As stated in the Shareholders' Agreement and Other Agreements, executed on December 29, 2011, CAIXA Seguridade (successor of CAIXAPAR) is assured participation in decisions regarding relevant matters in the operational, financial, and strategic aspects of CNP Seguros Holding Brasil S.A., characterizing the existence of significant influence over the affiliate.
XS5 Consórcios: As stated in the Shareholders' Agreement, executed on March 30, 2021, considering the composition of the Board of Directors, including the outlook for the alternation of its chairman and deputy chairman among the company's shareholders, as well as considering the composition of its Office and the respective deliberative competencies in terms of collegial bodies, joint control of this company with the partner CNP Assurances is established.
XS6 Assistência: As stated in the Shareholders' Agreement, signed on January 04, 2021, considering the composition of the Board of Directors, including the perspective of alternating its presidency and vice-presidency among the Company's shareholders, as well as considering the composition of its Office, including two (2) directors appointed by the parent company CAIXA and two (2) appointed by USS Soluções, in addition to the respective deliberative powers in terms of collegiate bodies, the joint control of this company with the partner USS Soluções is characterized.

Notes to the interim financial statements
September 30, 2025
In thousands of reais, unless otherwise indicated
Too Seguros: Until July 31, 2025, as provided in the Shareholders' Agreement and Other Agreements, executed on August 21, 2014, between BTG Pactual Holding de Seguros Ltda. and Caixa Participações S.A. ("CAIXAPAR"), to which Caixa Holding Securitária S.A. ("CAIXA Holding") adhered at the time of the merger of this investment from CAIXAPAR by CAIXA Seguridade, the parties declared, for all legal purposes, that they comprised the control group of Too Seguros, characterizing the joint control of the company. On August 1, 2025, as Notice to the Market, the aforementioned Shareholders' Agreement and Other Agreements was not renewed, losing its validity on that date. From then on, CAIXA Holding maintained a 49.0% equity interest in the capital of Too Seguros, preserving the rights guaranteed by applicable legislation and/or the Bylaws of the Company. It is worth highlighting that the transfer of controlling interest of Too Seguros is subject to prior authorization from SUSEP, according to CNSP Resolution 422, dated November 11, 2021. Until the end of the period covered by these interim financial statements, such authorization has not yet been granted, which is why the understanding regarding the joint control of the company remains in effect.
PAN Corretora: As stated in the Shareholders' Agreement and Other Agreements, signed on August 21, 2014 between Banco BTG Pactual S.A. and CAIXAPAR, to which Caixa Holding Securitária S.A. adhered upon the merger of this investment by CAIXAPAR by CAIXA Seguridade, these entities declare, for all legal purposes, that they are members of the controlling group of PAN Corretora. Thus, the joint control of PAN Corretora is characterized.
XS3 Seguros: As stated in the Shareholders' Agreement, executed on January 04, 2021, considering the composition of the Board of Directors, including the outlook for the alternation of its chairman and deputy chairman among the company's shareholders, as well as considering the composition of its Office and the respective deliberative competencies in terms of collegial bodies, joint control of this company with the partner Tokio Marine is established.

XS4 Capitalização: As stated in the Shareholders' Agreement, executed on March 30, 2021, considering the composition of the Board of Directors, including the outlook for the alternation of its chairman and deputy chairman among the company's shareholders, as well as considering the composition of its Office and the respective deliberative competencies in terms of collegial bodies, joint control of this company with the partner Icatu is established.

The table below presents a summary of the nature of the relationship with the investees:

	% interest in capital	Nature of the relationship	Valuation method
CAIXA Corretora	100	Controlled company	Consolidation
CAIXA Holding	100	Controlled company	Consolidation
FI Exclusivo CAIXA Seguridade	100	Controlled company	Consolidation
FI Exclusivo CAIXA Corretora	100	Controlled company	Consolidation
Holding XS1	60	Affiliate	MEP
CNP Brasil	48.25	Affiliate	MEP
XS5 Consórcios	75	Joint control	MEP
XS6 Assistência	75	Joint control	MEP
Too Seguros	49	Joint control	MEP
PAN Corretora	49	Joint control	MEP
XS3 Seguros	75	Joint control	MEP
XS4 Capitalização	75	Joint control	MEP

Companies 09/30/2025

Impairment of non-financial assets
Annually, it is assessed, based on internal and external information sources, whether there are any indications that a nonfinancial asset may have recoverability issues. If there is such an indication, estimates are used to determine the recoverable value (impairment) of the assets.
Annually, it is assessed whether there is any indication that an impairment loss recognized in prior periods for an asset other than goodwill may no longer exist or may have decreased. If such indication exists, the recoverable value of this asset is estimated.
Regardless of whether there is any indication of impairment, an impairment test is performed annually on an intangible asset with an indefinite useful life, including goodwill acquired in a business combination or an intangible asset not yet available for use.

Notes to the interim financial statements
September 30, 2025
In thousands of reais, unless otherwise indicated
Determining the recoverable amount in assessing the impairment of non-financial assets requires estimates based on quoted market prices, present value calculations or other pricing techniques, or a combination of several techniques, requiring Management to make subjective judgments and adopt assumptions.
‌Note 6 - Risk management
CAIXA Seguridade believes that risk management is crucial for achieving strategic and financial objectives. Thus, its risk management strategy was developed to provide an integrated view of the risks to which it is exposed.
The Company adopts structure and instruments for the identification, assessment, mitigation, monitoring, and reporting of risks. It has a risk management area, compliance, and internal controls segregated from other units, including internal audit. The Bylaws establish its duties in Chapter X, Section III, art. 52. Periodically, information about risk management, internal controls, and compliance is generated and provided to other managers of CAIXA Seguridade, to the deliberative and supervisory bodies, to the regulator, and to the market.
The three lines model is adopted by CAIXA Seguridade in risk management. The first line identifies, assesses, and controls risks, consisting of operational and internal controls. The managers who hold the business risks are responsible for managing them and for implementing corrective measures in the deficient processes and controls. The second line encompasses the area of risk management, compliance, and internal controls, being responsible for monitoring and contributing to the implementation of effective risk management practices. The third line is exercised by internal audit, responsible for providing governance bodies with an objective and independent assessment of the effectiveness of internal controls, risk management, and governance.
The Company carries out actions to disseminate and maintain the culture of risk, information security, internal controls, compliance, and integrity, promoting the commitment of employees to the proper management of risks within their scope of action.
CAIXA Seguridade has a Risk Management Policy and Risk Appetite Statement (RAS) approved by the Board of Directors and reviewed annually, with the aim of keeping exposure to risks at levels considered acceptable by its Management and ensuring the business model, future performance, solvency, liquidity, and sustainability of the Company.
The risks to which the Company is subject are classified into four groups:
- Strategic Risks: composed of Contagion, Strategic, Socio-environmental and Climate Risks, and Reputation or Image Risks;
- Financial risks: broken down by capital, credit, liquidity and market risks;
- Operating risks: composed of the Operational Risk and the Cyber and Money Laundering Risks, Terrorism Financing and Financing of the Proliferation of Weapons of Mass Destruction;
- Compliance risks: composed of Compliance, Integrity, and Legal Risks.
The guidelines, best practices and mitigators adopted in risk management by CAIXA Seguridade are set out in the Risk Management and Internal Controls Policies and in the Compliance and Integrity Program, which are available on the Company's investor relations website.
a) Market risk
Market risk arises from movements in market price levels or volatilities, and the exposure to this risk comes from the portfolio of financial assets held by the Company.
The management of market risk in the first line occurs through the execution of the Financial Investment Policy approved by the Board of Directors, which defines the assets and the limits of the investment portfolio's breakdown, and through the systematic monitoring of the portfolio's value at risk (VaR). The VaR model adopted considers the delta-normal parametric approach, based on an analytical covariance matrix model, with a holding period of 21 business days and a confidence level of 95%, giving greater weight to the most recent returns.
Notes to the interim financial statements
September 30, 2025
In thousands of reais, unless otherwise indicated
b)
Sensitivity analysis

On September 30, 2025, the financial investment portfolios of CAIXA Seguridade - Parent Company and Consolidated, were composed of units of short-term investment funds, exclusive investment funds, and federal government bonds. The application of VaR in the Company's investment portfolio resulted in the following exposures to market risk in financial assets:
Market risk Parent Company 09/30/2025 % 12/31/2024 %
Value-at-risk (VaR) 30.6 0.01% 1,405.9 0.16%
Market risk Consolidated 09/30/2025 % 12/31/2024 %
Value-at-risk (VaR) 58.5 0.01% 1,663.8 0.14%
Exposure to market risk is predominantly classified under interest rate risk, with short-term allocations placed in the funds' portfolios. Thus, the exposure associated with the financial assets invested does not threaten the business model, future performance, solvency, liquidity, or sustainability of the Company.
Risks related to the investees

The investees share their results with CAIXA Seguridade through the equity method; thus, the Company is essentially exposed to the risks associated with them.

The companies CNP Brasil, Holding XS1, XS3 Seguros, XS4 Capitalização, XS5 Consórcios and Too Seguros, direct and indirect investees of CAIXA Seguridade, have their own risk management structure and must comply with the capital requirements established by regulatory and supervisory bodies. The companies supervised by the Superintendence of Private Insurance (Susep), in compliance with CNSP Resolution 416/2021, have statutory directors responsible for internal controls, compliance, and risk management. All investees of the Company, except for Caixa Corretora, also have a Risk Committee.

CAIXA Seguridade, through its risk area, continuously monitors and assesses the risk exposure levels of invested companies. Additionally, it conducts an annual assessment of the risk environment, internal controls, and compliance, as well as promoting the adoption of good risk management practices.

Furthermore, invested companies supervised by Susep and the Central Bank of Brazil (BCB) must meet the requirements defined by the regulators, such as those established by Susep Circular Letter 648/2021, CNSP Resolution 432/2021, CNSP Resolution 416/2021, BCB Resolution 234 of 07/27/2022, and BCB Resolution 260 of 11/22/2022, and their respective subsequent amendments.

‌Note 7 - Segment reporting

The segment information was established considering the Management's outlook on the management of the business activities of the CAIXA Seguridade Group and presents information that expresses the nature and the equity and financial effects of these business activities, as well as the environments in which the Company operates.

Following the conclusion of the partnerships, the business activities of the CAIXA Seguridade Group began to be subdivided into three (3) segments, namely: Run-off/Open Sea (insurance businesses conducted by the former partner or operated outside CAIXA distribution network), Security (investment in security businesses established as a result of the competitive process of choosing strategic partners to operate the CAIXA distribution network) and Distribution (businesses related to the management of access to the distribution network and use of the CAIXA brand and the brokerage and intermediation of security products).

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Revenue Analysis by Category

Description

3rd quarter of 2025 3rd quarter of 2024 January 01-September 30, 2025

January 01-

September 30, 2024

Parent

Company

Consolidated Parent Company

Consolidated

Income (loss) from investments in equity interests:	1,117,926	875,494	991,571	762,395	3,151,772	2,467,389	2,495,785	1,814,570
Run-off/Open Sea	120,206	199,516	140,387	201,345	343,351	546,058	362,429	531,143
Security	752,584	675,978	619,493	561,050	2,115,630	1,921,331	1,446,203	1,283,427
Distribution	245,136	-	231,691	-	692,791	-	687,153	-
Revenues from access to the distribution network and use of the brand:	42,755	42,755	41,233	41,233	141,932	141,932	133,854	133,854
Distribution	42,755	42,755	41,233	41,233	141,932	141,932	133,854	133,854
Revenues from rendering of services:	-	592,334	-	531,908	-	1,692,868	-	1,527,770
Distribution	-	592,334	-	531,908	-	1,692,868	-	1,527,770
Total	1,160,681	1,510,583	1,032,804	1,335,536	3,293,704	4,302,189	2,629,639	3,476,194
b) Statement of income by segment

	Run- off/Open Sea	Security	Distribution	Total	Run- off/Open Sea	Security	Distribution	Total
Operating revenues	120,206	752,584	287,891	1,160,681	199,516	675,978	635,089	1,510,583
Income (loss) from investments in equity interests	120,206	752,584	245,136	1,117,926	199,516	675,978	-	875,494
Revenues from access to the distribution network and use of the brand	-	-	42,755	42,755	-	-	42,755	42,755
Revenues from rendering of services	-	-	-	-	-	-	592,334	592,334
Cost of services rendered	-	-	-	-	-	-	(154,726)	(154,726)
Gross result	120,206	752,584	287,891	1,160,681	199,516	675,978	480,363	1,355,857
Other operating revenues/(expenses)	(3,512)	(21,977)	(12,367)	(37,856)	(6,116)	(20,783)	(96,349)	(123,248)
Administrative expenses	(3,365)	(21,053)	(8,060)	(32,478)	(5,124)	(17,350)	(16,297)	(38,771)
Tax expenses	(147)	(925)	(4,307)	(5,379)	(396)	(1,346)	(78,066)	(79,808)
Other operating revenues/expenses	-	1	-	1	(596)	(2,087)	(1,986)	(4,669)
Income (loss) before financial revenues and expenses	116,694	730,607	275,524	1,122,825	193,400	655,195	384,014	1,232,609
Financial result	3,136	19,540	7,538	30,214	6,693	22,854	21,548	51,095
Financial revenues	3,175	19,818	7,623	30,616	6,867	23,389	22,026	52,282
Financial expenses	(39)	(278)	(85)	(402)	(174)	(535)	(478)	(1,187)
Income (loss) before interests, income tax and social contribution	119,830	750,147	283,062	1,153,039	200,093	678,049	405,562	1,283,704
Income tax and social contribution	-	-	(12,285)	(12,285)	-	-	(142,950)	(142,950)
Profit sharing	-	-	-	-	-	-	-	-
Net income for the period	119,830	750,147	270,777	1,140,754	200,093	678,049	262,612	1,140,754
								25

Segment

3rd quarter of 2025

Parent Company Consolidated

	Run- off/Open Sea	Security	Distribution	Total	Run- off/Open Sea	Security	Distribution	Total
Operating revenues	140,387	619,493	272,924	1,032,804	201,345	561,050	573,141	1,335,536
Income (loss) from investments in equity interests	140,387	619,493	231,691	991,571	201,345	561,050	-	762,395
Revenues from access to the distribution network and use of the brand	-	-	41,233	41,233	-	-	41,233	41,233
Revenues from rendering of services	-	-	-	-	-	-	531,908	531,908
Cost of services rendered	-	-	-	-	-	-	(120,386)	(120,386)
Gross result	140,387	619,493	272,924	1,032,804	201,345	561,050	452,755	1,215,150
Other operating revenues/(expenses)	(3,604)	(15,905)	68,849	49,340	(5,165)	(14,685)	(3,077)	(22,927)
Administrative expenses	(3,247)	(14,327)	(6,312)	(23,886)	(4,503)	(12,548)	(12,819)	(29,870)
Tax expenses	(357)	(1,578)	(14,772)	(16,707)	(611)	(1,702)	(80,337)	(82,650)
Other operating revenues/expenses	-	-	89,933	89,933	(51)	(435)	90,079	89,593
Income (loss) before financial revenues and expenses	136,783	603,588	341,773	1,082,144	196,180	546,365	449,678	1,192,223
Financial result	2,445	10,787	43,389	56,621	4,727	11,073	52,093	67,893
Financial revenues	2,445	10,788	43,389	56,622	4,727	13,173	52,093	69,993
Financial expenses	-	(1)	-	(1)	-	(2,100)	-	(2,100)
Income (loss) before interests, income tax and social contribution	139,228	614,375	385,162	1,138,765	200,907	557,438	501,771	1,260,116
Income tax and social contribution	-	-	(50,052)	(50,052)	-	-	(171,403)	(171,403)
Net income for the period	139,228	614,375	335,110	1,088,713	200,907	557,438	330,368	1,088,713

Segment

3rd quarter of 2024

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

Parent Company Consolidated

	Run- off/Open Sea	Security	Distribution	Total	Run- off/Open Sea	Security	Distribution	Total
Operating revenues	343,351	2,115,630	834,723	3,293,704	546,058	1,921,331	1,834,800	4,302,189
Income (loss) from investments in equity interests	343,351	2,115,630	692,791	3,151,772	546,058	1,921,331	-	2,467,389
Revenues from access to the distribution network and use of the brand	-	-	141,932	141,932	-	-	141,932	141,932
Revenues from rendering of services	-	-	-	-	-	-	1,692,868	1,692,868
Cost of services rendered	-	-	-	-	-	-	(456,029)	(456,029)
Gross result	343,351	2,115,630	834,723	3,293,704	546,058	1,921,331	1,378,771	3,846,160
Other operating revenues/(expenses)	(9,886)	(60,912)	(37,162)	(107,960)	(17,268)	(55,934)	(275,153)	(348,355)
Administrative expenses	(9,434)	(58,127)	(22,934)	(90,495)	(14,137)	(49,742)	(47,501)	(111,380)
Tax expenses	(452)	(2,787)	(14,229)	(17,468)	(2,342)	(3,414)	(224,999)	(230,755)
Other operating revenues/expenses	-	2	1	3	(789)	(2,778)	(2,653)	(6,220)
Income (loss) before financial revenues and expenses	333,465	2,054,718	797,561	3,185,744	528,790	1,865,397	1,103,618	3,497,805
Financial result	7,342	45,234	17,847	70,423	15,900	55,943	53,424	125,267
Financial revenues	8,001	49,297	19,450	76,748	17,128	60,265	57,551	134,944
Financial expenses	(659)	(4,063)	(1,603)	(6,325)	(1,228)	(4,322)	(4,127)	(9,677)
Income (loss) before interests, income tax and social contribution	340,807	2,099,952	815,408	3,256,167	544,690	1,921,340	1,157,042	3,623,072
Income tax and social contribution	-	-	(36,586)	(36,586)	-	-	(403,491)	(403,491)
Net income for the period	340,807	2,099,952	778,822	3,219,581	544,690	1,921,340	753,551	3,219,581

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

January 01-September 30, 2025

Segment

Parent Company

Consolidated

	Run- off/Open Sea	Security	Distribution	Total	Run- off/Open Sea	Security	Distribution	Total
Operating revenues	362,429	1,446,203	821,007	2,629,639	531,143	1,283,427	1,661,624	3,476,194
Income (loss) from investments in equity interests	362,429	1,446,203	687,153	2,495,785	531,143	1,283,427	-	1,814,570
Revenues from access to the distribution network and use of the brand	-	-	133,854	133,854	-	-	133,854	133,854
Revenues from rendering of services	-	-	-	-	-	-	1,527,770	1,527,770
Cost of services rendered	-	-	-	-	-	-	(322,275)	(322,275)
Gross result	362,429	1,446,203	821,007	2,629,639	531,143	1,283,427	1,339,349	3,153,919
Other operating revenues/(expenses)	(10,895)	(43,473)	42,609	(11,759)	(15,471)	(37,381)	(166,843)	(219,695)
Administrative expenses	(10,801)	(43,100)	(24,468)	(78,369)	(14,990)	(36,220)	(46,894)	(98,104)
Tax expenses	(522)	(2,082)	(23,826)	(26,430)	(1,203)	(2,907)	(212,142)	(216,252)
Other operating revenues/expenses	428	1,709	90,903	93,040	722	1,746	92,193	94,661
Income (loss) before financial revenues and expenses	351,534	1,402,730	863,616	2,617,880	515,672	1,246,046	1,172,506	2,934,224
Financial result	(651)	(2,598)	37,161	33,912	6,071	14,669	57,629	78,369
Financial revenues	5,897	23,533	51,995	81,425	14,375	34,734	83,606	132,715
Financial expenses	(6,548)	(26,131)	(14,834)	(47,513)	(8,304)	(20,065)	(25,977)	(54,346)
Income (loss) before interests, income tax and social contribution	350,883	1,400,132	900,777	2,651,792	521,743	1,260,715	1,230,135	3,012,593
Income tax and social contribution	-	-	(53,607)	(53,607)	-	-	(414,408)	(414,408)
Net income for the period	350,883	1,400,132	847,170	2,598,185	521,743	1,260,715	815,727	2,598,185

Notes to the interim financial statements

September 30, 2025

In thousands of reais, unless otherwise indicated

January 01-September 30, 2024

Segment

Parent Company

Consolidated

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Caixa Seguridade Participacoes SA published this content on November 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 06, 2025 at 23:33 UTC.

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Nov. 11	Caixa Seguridade Participações S.A., Q3 2025 Earnings Call, Nov 07, 2025
Nov. 06	Caixa Seguridade Q3 net profit 1.1 bln reais	RE

Nov. 11	Caixa Seguridade Participações S.A., Q3 2025 Earnings Call, Nov 07, 2025
Nov. 06	Caixa Seguridade Q3 net profit 1.1 bln reais	RE
Nov. 06	Caixa Seguridade Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
25-10-30	Brazil's Caixa Seguridade elects Gustavo Portela as CEO	RE
25-09-10	Caixa Seguridade's board removes Felipe de Vasconcelos from CEO role	RE
25-08-12	Caixa Seguridade Participações S.A., Q2 2025 Earnings Call, Aug 12, 2025
25-08-12	Caixa Seguridade Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025	CI
25-08-11	Caixa Seguridade Q2 net profit 1.04 bln reais vs IBES estimate 1.04 bln reais	RE
25-07-14	Brazil's Caixa Seguridade elects Edgar Vieira Soares as CFO	RE
25-05-07	Caixa Seguridade Participações S.A., Q1 2025 Earnings Call, May 07, 2025
25-05-06	Caixa Seguridade Participações S.A. Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
25-05-04	Caixa Seguridade Participações S.A.(BOVESPA:CXSE3) added to Brazil Valor BM&FBOVESPA Index	CI
25-03-20	Share offering for Brazil's Caixa Seguridade totals $216 million	RE
25-03-19	Share offering for Brazil's Caixa Seguridade raises $216 million, says local media	RE
25-03-10	Analyst recommendations: Ford, Tesla, ServiceNow, Rio Tinto, FedEx…
25-03-10	Brazil's Caixa Seguridade files for secondary share offering	RE
25-02-13	Caixa Seguridade Participações S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2024	CI
25-02-13	Caixa Seguridade Participações S.A. Reports Earnings Results for the Full Year Ended December 31, 2024	CI
24-11-08	Caixa Seguridade Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
24-11-08	Caixa Seguridade Participações S.A., Q3 2024 Earnings Call, Nov 08, 2024
24-09-01	Caixa Seguridade Participações S.A.(BOVESPA:CXSE3) added to Brazil IBOVESPA Index	CI
24-08-09	Caixa Seguridade Participações S.A., Q2 2024 Earnings Call, Aug 09, 2024
24-08-08	Caixa Seguridade Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
24-05-08	Caixa Seguridade Participações S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
24-05-05	Caixa Seguridade Participações S.A.(BOVESPA:CXSE3) added to Brazil IBRX Index	CI

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