On Monday, August 10, 2026, Caixa Seguridade (CXSE3) reported adjusted net income of R$ 1,140.9 million in the second quarter of 2026 (2Q26), up 9.5% compared to 2Q25 and a slight decrease of 0.2% versus 1Q26. In the first half of 2026, adjusted net income totaled R$ 2,283.8 million, an increase of 11.4% compared to the same period in 2025. Under the accounting standard CPC 50 (IFRS 17), net income came to R$ 1,160.0 million in 2Q26, an increase of 12.8% over 2Q25 and 0.8% compared to 1Q26.
Operating revenue reached R$ 1,500.0 million in 2Q26, up 8.5% from the same quarter of 2025, and R$ 3,023.8 million in the year to date for 2026, a 9.4% increase in 12 months. Equity-method income from investments in subsidiaries accounted for 59.0% of revenue in the quarter, totaling R$ 884.7 million, 11.0% above 2Q25, driven by Caixa Residencial Seguros, Too Seguros, Caixa Capitalização and Caixa Vida e Previdência. Commissioning revenue accounted for 41.0% of operating revenue and grew 5.2% year over year, totaling R$ 615.3 million in the quarter.
In the insurance segment, written premiums totaled R$ 2,490.7 million in 2Q26, an increase of 4.6% compared to 2Q25 and 5.1% in the half-year comparison. The Mortgage segment generated R$ 1,122.5 million in premiums, up 14.0% year over year, while the Homeowners segment recorded R$ 279.1 million in premiums, with earned premiums up 15.9%, supported by the strategy of bundling homeowners insurance with mortgage insurance. In Pension Plans, gross contributions reached R$ 6.7 billion in 2Q26, up 17.7% versus 2Q25, with positive net inflows of R$ 1.4 billion, which took reserves to R$ 214.4 billion at the end of the half-year, 16.1% higher than a year earlier.
In accumulation businesses, capitalization bond inflows totaled R$ 545.6 million in 2Q26, up 24.9% compared to 2Q25 and 26.6% in the half-year comparison, supported by monthly payment bonds and the launch of the HiperXCAP product. In Consortia, credit letters sold totaled R$ 5.8 billion in the quarter, an increase of 8.9% versus 2Q25, with an outstanding balance of R$ 53.6 billion in June 2026, 34.5% higher than a year earlier. Revenue from consortia management fees was R$ 259.4 million in the quarter and R$ 526.5 million in the half-year, in line with the growth in the portfolio.
The holding company’s consolidated financial result totaled R$ 73.8 million in the first half of 2026, practically stable compared to 2025, and R$ 45.1 million in 2Q26, 57.3% higher than in 1Q26. On an aggregated basis for the investees, the financial result for 2Q26 reached R$ 401.8 million, up 19.3% compared to 2Q25 and 10.4% versus 1Q26, coming to represent 35% of recurring net income for the quarter. As a reflection of performance, recurring return on equity (ROE) was 70.9% in 2Q26, 1.3 percentage points higher than in 2Q25.
As a result of the 2Q26 earnings, on August 10, 2026 the Board of Directors approved the payment of R$ 1.05 billion in dividends, equivalent to 92.0% of adjusted net income for the quarter as calculated under CPC 11 (IFRS 4). Dividend payment is scheduled for November 17, 2026. At the end of June 2026, the company had capital consisting of 3.0 billion common shares, with 20.0% free float, and a market capitalization of R$ 59.1 billion, with CXSE3 shares trading at R$ 19.71 per share on B3.
