Q2 2026 Wiz Co Participacoes e Corretagem de Seguros SA Earnings Call (English, Portuguese) Transcript
Key Points
- Interseguros delivered a record quarter with net income up 34.7% year-over-year.
- OmniOne reported a 67.6% increase in net income for the quarter.
- Corporate costs were reduced by 9.3% in the quarter.
- Net debt decreased by BRL194.4 million year-over-year, with a net debt-to-EBITDA ratio of 0.3x, the lowest in history.
- Parent company net income increased 8.4% year-over-year, excluding non-recurring effects.
- Regulatory changes in the payroll deductible loan market negatively impacted credit origination and lending businesses.
- Consolidated net revenue declined 18% year-over-year, with a 21.4% drop excluding cash-out runoff.
- Consolidated EBITDA fell 19.2% year-over-year due to challenges in some business units.
- The insurance segment saw a 14.4% decline in net revenue, reflecting a challenging market environment.
- Credit and consortia segment revenue decreased 15.4% year-over-year, with origination down 10.1%.
Good morning, everyone, and welcome to WizCo's video conference to discuss the results for the second quarter 2026. For simultaneous interpretation, please click on the globe icon labeled Interpretation at the bottom center of your screen and select your preferred language, Portuguese or English. For participants listening to English, you can mute the original audio. Following the presentation of results we will go on to the question-and-answer session. To participate simply submit your question using the Q&A icon on the platform. Now, should your question not be answered during this session, our investor relations team will contact you subsequently to provide a response.
Before proceeding, we would like to clarify that any statements made during this conference regarding Wiz's business outlook, projections, and operating and financial targets constitute the beliefs and assumptions of the company's management as well as information available to Wiz. Forward-looking statements are no guarantees of performance and involve risks, uncertainties, and assumptions as they relate to future events and
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