Qualitas Controladra Sab

Good morning, and thank you for joining Qualitas' fourth quarter and full year 2025 earnings call. I will pass the call over to Jorge Perez, Qualitas' IRO.

Good morning, and thank you for joining Qualitas' fourth quarter and full year 2025 earnings call. I'm Jorge Perez, Qualitas IRO. Joining me today are Jose Antonio Correa, our executive president, Bernardo Rizul, our CEO, and Roberto Araujo, our CFO. Before we begin, please note that information discussed on today's call may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that could cause actual events and results to differ materially from those discussed during today's call. Qualitas undertakes no obligation to publicly update or revise any forward-looking statements. whether because of new information, future events, or otherwise. With that, I will now turn the call over to Jose Antonio, our Executive President, for his remarks.

Thank you, Jorge. Good morning, everyone. It's great to be with you once again, and let me begin by wishing you all the very best for the year ahead. 2025 proved to be a year of strong performance alongside notable regulatory changes for Qualitas and for the insurance industry as a whole. As we review our results, we would like to highlight several key developments and I would like to begin by formally recognizing the commitment of our agents, policyholders, and employees, whose efforts enable a strong full-year performance amid a challenging macroeconomic environment. This strong execution continues to be clearly reflected in our industry's positioning and operating metrics. For example, according to the latest AMIS figures as of September, Qualitas remains the clear market leader with 32.7 market share in written premiums and 35.9 in earned premiums. Furthermore, Qualitas accounted for 45.9% of the industry's total operating income while posting the best combined ratio among the top five companies. I am glad of the 2025 results. once everything is considered, which includes the VAT regulatory changes and its effects in P&L for the year. In 2025, our top line grew 9.4%, despite pricing pressures and a challenging microeconomic environment. Profit-wise, net income was above 5 billion pesos, and we delivered an ROE above 20%, consistent with our long-term targets. Bernardo and Roberto will provide further detail in a few minutes. To provide a broader perspective, in the last four years Qualitas has doubled the size of the business, driven by our differentiated business model. Additionally, in 2025, Qualitas surpassed 6.1 million insured units, adding more than 335,000 units and representing 5.8% increase versus 2024, achieving a 10% compounded annual growth rate over the last five years. Looking ahead, we expect 2026 to be a complex operating environment, but Qualitas remains well positioned to excel driven by our disciplined execution towards our three-pillar strategy. Thus, we are confident Qualitas will continue in delivering another year of solid results and value creation. Aligned with this long-term perspective on our commitment to sustainability, I would like to briefly revisit the leadership transition we announced last quarter, which reflects a well-structured internal succession plan aimed at strengthening our governance and ensuring strategic and cultural continuity. As I transition from my role as CEO to Executive President, I do so with unshakable confidence in Bernardo Rizul, who has assumed the role of Chief Executive Officer on January 1st, 2026. Since joining Qualitas in early 2019 as CFO, and later serving as International CEO and Deputy CEO, Bernardo has consistently demonstrated a strong leadership, deep knowledge of our business, and a clear alignment with our values and long-term purpose-driven vision. I am very proud of this transition and confident that Bernardo is the right leader for the next phase of Qualitas. From my new role, I look forward to continuing to support him and the management team as we remain focused on creating sustainable value for all stakeholders. And with this in mind, I would like now to hand it over to our new CEO. Bernardo, please, go ahead.