Q4 2025 Intercorp Financial Services Inc Earnings Call Transcript
Key Points
- Intercorp Financial Services Inc (IFS) reported a record net income of PEN1.9 billion for 2025, marking a 49% increase compared to the previous year.
- The company achieved a strong return on equity (ROE) of 16.8%, even after accounting for the Rutas de Lima impairment.
- Interbank, a subsidiary of IFS, achieved record earnings of PEN1.4 billion, supported by a decrease in cost of risk and an increase in risk-adjusted net interest margin (NIM).
- IFS's insurance business, Interseguro, continues to deliver solid double-digit growth, with written premiums growing by 61% year over year.
- Inteligo, the Wealth Management segment, achieved double-digit growth in assets under management, reaching new record highs.
- The Rutas de Lima impairment had a significant impact on IFS's financial results, with a PEN205 million impairment recorded in 2025.
- Despite improvements, the Consumer segment still faces challenges in reaching its targets, particularly due to pension fund withdrawals.
- IFS's cost-to-income ratio increased to 36.8% due to strategic investments in technology and talent, impacting overall efficiency.
- The company's loan growth was affected by excess liquidity in the market due to pension fund withdrawals and severance deposit releases.
- IFS's market share in consumer loans has decreased by approximately 1% over the past 12 months, indicating competitive pressures.
Good morning, and welcome to the Intercorp Financial Services fourth-quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. Please be advised that today's conference call is being recorded. (Operator Instructions)
It is now my pleasure to turn the call over to Mr. Ivan Peill from InspIR Group. Sir, you may begin.
Thank you, and good morning, everyone. On today's call, Intercorp Financial Services will discuss its fourth-quarter 2025 earnings. We are pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer, Intercorp Financial Services; Ms. Michela Casassa, Chief Financial Officer, Intercorp Financial Services; Mr. Carlos Tori, Chief Executive Officer, Interbank; Mr. Gonzalo Basadre, Chief Executive Officer, Interseguro; and Mr. Bruno Ferreccio, Chief Executive Officer, Inteligo. They will be discussing the results that were distributed by the company yesterday.
There is also a webcast video presentation to accompany the discussion
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