WIZC3: quote, dividends and indicators for Wiz Co

Wiz Co is a Brazilian company that operates in managing distribution channels for insurance and financial products, with common shares traded on B3 under the ticker WIZC3, in the Novo Mercado segment. Originally incorporated in 1973 in Rio de Janeiro under the name FENAE Corretora de Seguros e Administração de Bens S.A., it was created in connection with the Associations of Employees of Caixa Econômica Federal, through FENAE. At the outset, the company focused on brokerage, business intermediation and asset management, especially related to products and services of Caixa Econômica Federal and its commercial partners. In 2003, the headquarters was moved to Brasília, maintaining its focus on brokerage and intermediation. Starting in 2010, changes to the corporate name reflected the intention to strengthen its presence in insurance brokerage, culminating in successive corporate reorganizations and the entry of new relevant shareholders into the controlling block. In 2015, after obtaining a category A issuer registration with the CVM, the company carried out a secondary public offering of shares and its stock began trading on B3. In 2017, already listed, it changed its brand to Wiz Soluções e Corretagem de Seguros S.A. and adjusted its ticker to WIZS3, a move that preceded a phase of diversification of business units and partnerships with financial institutions and other commercial partners.

Historically, a key milestone in the company’s business model was its relationship with the Caixa Seguridade and CNP Seguros Holding Brasil ecosystem, with the formalization of exclusivity for the distribution of insurance products of this holding at Caixa branches. This exclusivity, in force for many years, structured the company as a broker with a strong focus on the bancassurance model, using access to Caixa’s distribution network to sell insurance, consortium plans and private pension products. In 2018, after the announcement of the termination of the previous operating agreement, new brokerage and co-brokerage service terms were signed with Caixa Seguridade and CNP, which ensured Wiz’s exclusive role until February 2021. Once this cycle ended, the company intensified the diversification of partners and channels, reducing its dependence on the “Caixa Counter” and accelerating acquisitions and partnerships in other ecosystems, including private banks, digital platforms and dealership networks. This transition path repositioned Wiz Co as a multichannel, multi-partner platform for distributing insurance, credit and consortium plans.

Wiz Co’s business model is structured into specialized business units, internally called BUs, supported by a transversal corporate structure of Communication and Marketing, Technology, People & Culture, Finance and Internal Audit, Compliance and Investor Relations and M&A. As of December 31, 2025, the company operated with BUs such as Bmg Corretora, BRB Seguros, Inter Seguros, Omni1 Corretora, Wiz Conseg, Polishop Seguros, Wiz Corporate, Promotiva, Wiz Parceiros, Paraná Seguros and Promo Serviços, among other consolidated corporate combinations. These units operate in different channels: physical and digital bank branches, vehicle dealership networks, durable goods retail channels, online platforms and B2B2C partner networks. Wiz Co organizes its management reports into two main operating segments: Insurance and Credit and Consortiums. In the Insurance segment, operations focus on bancassurance and traditional insurance, with an emphasis on commissions over written premiums. In the Credit and Consortiums segment, the focus is on originating consumer credit and consortium transactions, as well as selling related insurance and accumulation products.

Operating through business units enables Wiz Co to explore specific niches. The Wiz Parceiros BU, for example, is dedicated to managing a large nationwide network of commercial partners for the distribution of consortium plans and related insurance, operating in a B2B2C model through subsidiaries such as WP1 Corretora and WP2 Corretora. In 2025, this structure sold products from administrators such as CNP Consórcios, Santander Consórcios, Itaú Consórcios, BB Consórcios, Porto Bank Consórcio and Consórcio Servopa, as well as credit life insurance and warranty insurance from insurers such as CNP Seguros and Previsul. The company provides this network with client acquisition services, team training and sales quality assessment, which resulted in billions of reais in auto and real estate consortium credit letters sold in the period. The Wiz Corporate BU, in turn, through Wiz Corporate Soluções e Corretagem de Seguros S.A. and Wiz Benefícios Empresarial, focuses on special risk insurance and corporate benefits for legal entities, in a B2B model with a consultative approach. The unit operates both in bancassurance, in synergy with other company operations, and in the open market, serving sectors such as agribusiness, chemicals and pharmaceuticals, energy, food and beverages, logistics, banks, retail, services, infrastructure, mining, steelmaking and cyber, with a portfolio of more than 100 products and relationships with dozens of insurers.

Another relevant pillar is the Wiz Conseg BU, which has strengthened Wiz Co’s presence in auto insurance and financial products associated with vehicle sales. This unit was developed from the acquisition of an interest in Barigui Corretora de Seguros, which operates in the vehicle distribution network of Grupo Barigui, and was expanded with acquisitions of stakes in brokers with exclusivity at dealerships of regional automotive groups, such as Primavia and Le Lac. The operation specializes in offering auto insurance, credit life, mechanical warranty and other related products inside dealerships of several brands, spread across various states, which increases capillarity and diversifies the company’s revenue base. In parallel, other BUs, such as Bmg Corretora, BRB Seguros, Omni1 Corretora, Polishop Seguros, Inter Seguros and Paraná Seguros, reinforce the multichannel strategy across bank branches, physical financial retail stores, digital channels and e-commerce platforms, with a portfolio that includes life, credit life, home, mortgage, health, surety, consortium, pension, capitalization and products for small, medium and large companies.

Wiz Co’s revenue is predominantly composed of brokerage commissions arising from the intermediation of insurance products and, in the credit and consortium segment, from fees linked to the origination of transactions and management of sales channels. In insurance operations, commissions are paid by insurers as policyholders pay their premiums, according to percentages defined based on product modeling, technical margins, pricing and loss ratios. The portfolio includes credit life insurance, various guarantees, rural products, group life, liability, property insurance, personal insurance, auto, home and other traditional and bancassurance products. In credit and consortiums, units such as Wiz Parceiros, Promotiva and Banriponto by Wiz structure solutions for managing sales forces and channels such as banking correspondents (Cobans), with emphasis on partnerships with financial institutions such as Banco do Brasil and retail banks. These channels distribute payroll-deductible loans, salary loans, loan portability, real estate and auto consortium products, pension and capitalization products, as well as related insurance. The company therefore operates at the commercial interface between financial institutions, insurers, consortium administrators and the end client, without assuming underwriting risk typical of insurers.

Wiz Co’s geographic presence is nationwide, with units and teams distributed across different regions of the country, both in its own structures and embedded in partner channels. The Wiz Corporate operation, for example, has regional offices in more than a dozen states and a co-broker network. Wiz Conseg operates in more than a hundred dealerships in different states, while banking and digital partnerships extend its reach across the entire Brazilian territory through branch networks, correspondents and online platforms. Part of its operations is tied to products such as rural insurance and mortgage insurance, which are strongly correlated with agricultural and real estate credit distributed by partner banks, highlighting the interdependence between insurance distribution and the credit market. The company operates in a regulated environment under the insurance sector and the national financial system, subject to rules from entities such as the Brazilian Securities and Exchange Commission (CVM) with respect to WIZC3 shares and public company obligations, and to rules applicable to insurance brokers and banking correspondents.

In terms of corporate culture and people management, Wiz Co emphasizes building high-performance teams, intensive use of data and technology and the pursuit of operational efficiency. The company reports a culture based on consistent results, ethics, social responsibility, synergy between teams, dynamism and respect for diversity. Over several years, it has been certified by the consultancy Great Place to Work and included in national rankings of the best companies to work for, including specific lists focused on the inclusion of women and their participation in leadership positions. These practices relate to the social dimension of its activities and to internal governance, which combines autonomy of business units with accountability mechanisms and performance monitoring. In the environmental, social and governance (ESG) field, the most evident aspects are linked to the corporate governance requirements of B3’s Novo Mercado, the formalization of compliance and internal audit structures and the people management policy focused on diversity and building a structured work environment, topics that align with the company’s long-term strategy as a distribution platform for financial and insurance products in the Brazilian market.