Caixa Seguridade is a company created with the objective of consolidating the interests of Caixa Econômica Federal (“CAIXA”) in activities related to the insurance industry: insurance, open pension, premium bonds, credit letter, assistance and health insurance, dental plans and insurance and insurance brokerage. The Company also has the right, granted by CAIXA, to explore its distribution network and its brand.

Caixa Seguradora

Caixa Seguradora represents the partnership between Caixa Seguridade and the French CNP for the exploitation of insurance products at the CAIXA counter. Controlled by CNP, which has a majority stake of 51.75%, and an affiliate of Caixa Seguridade, with a 48.25% stake, this partnership is organized through CNP Seguros Holding S.A. (CNP Seguros Holding), a joint stock company whose purpose is to participate in other companies, national or foreign. It will use the Caixa Seguradora brand while managing the run-off portfolio of products sold at the CAIXA counter during the term of the 20-year partnership that ended in 2021.

CNP Seguros Holding currently controls the following companies, which operate in different insurance lines, according to their specialization:

  • Caixa Seguradora S.A., a wholly owned subsidiary of CNP Participações Securitárias Brasil Ltda, started its activities on January 22, 1973 and operates in the operation of basic and life insurance. Caixa Seguridade’s indirect stake in Caixa Seguradora’s capital is 48.25%.
  • Youse Seguradora S.A (Youse), a wholly owned subsidiary of CNP Participações Securitárias Brasil Ltda, was incorporated on May 20, 2016 and its purpose is to sell insurance on a digital platform. Caixa Seguridade’s indirect stake in Youse’s capital is 48.25%.
  • Companhia de Seguros Previdência do Sul S.A. (PREVISUL) founded on August 1, 1906, is a wholly owned subsidiary of CNP Participações Societárias Brasil Ltda. and indirect subsidiary of CNP Seguros, its corporate purpose is the exploration and operation of personal and damage insurance throughout the country. Caixa Seguridade’s indirect stake in PREVISUL’s capital is 48.25%.
  • Caixa Capitalização S.A. (“Caixa Capitalização”) is directly controlled by CNP Participações Securitárias Brasil Ltda. (51% of the share capital) and indirectly by CNP Seguros and its corporate purpose is to act in the premium bonds area, being able to establish and sell premium bonds plans and participate in the capital of other companies, subject to the relevant legal provisions. Caixa Seguridade’s indirect stake in PREVISUL’s capital is 24.61%.
  • Odonto Empresas Convênios Dentários Ltda (“Odonto”), a wholly owned subsidiary of Caixa Seguros Participações em Saúde Ltda, opened on May 3, 1991 and acquired in September 2014, is engaged in operating as an operator specialized in dental insurance. Caixa Seguridade’s indirect stake in Odonto’s capital is 48.25%.
  • Caixa Consórcios is a wholly owned subsidiary of CNP Seguros Holding and its corporate purpose is to manage groups of consortia, provide services to third parties through the sale and placement of shares of other consortium administrators, manage groups of other consortium administrators. consortia and the performance of registration, research and consulting services to other Credit Letter administrators. Caixa Seguridade’s indirect stake in the Company’s capital is 48.25%.
  • Caixa Seguradora Especializada em Saúde S.A. (“CAIXA Saúde”) operates as an insurance company specializing in health insurance. Caixa Seguridade’s indirect stake in the Company’s capital is 48.25%.
  • Wiz Soluções e Corretagem de Seguros S.A. (Wiz), a publicly-held company that develops and implements solutions to boost business, combining financial and insurance services with customer needs, in which Caixa Seguridade holds an indirect stake of 12.06%. Wiz signed an agreement with Caixa Seguridade for the transition period for transferring brokerage activities to Caixa Seguridade’s own brokerage and for companies selected in the competitive process as co-brokers to operate in the Company’s lines of business.

 

Caixa Holding Securitária

A wholly-owned subsidiary of CAIXA Seguridade, established on May 21st, 2015 with the corporate purpose of acquiring stakes in entities authorized to operate by the National Superintendence of Private Insurance (SUSEP).

 

XS3 Seguros S.A. (“Caixa Residencial”): Company incorporated on August 19, 2020, governed by the Shareholder Agreement entered into between Caixa Holding Securitária S.A. and Tokio Marine Seguradora S.A. Caixa Residencial is engaged in the distribution, disclosure, offer, sale and post-sale of housing and residential insurance products developed or that may be developed by the Company. Caixa Seguridade’s indirect stake in the Company’s capital is 75% of the total capital.

 

XS4 Capitalização S.A. (“Caixa Capitalização”): Company incorporated on August 19, 2020 governed by the Shareholder Agreement entered into between Caixa Holding Securitária S.A and Icatu Seguridade S.A. Caixa Capitalização is engaged in the distribution, disclosure, offer, sale and post-sale of capitalization products of any type developed or that may be developed by the Company. Caixa Seguridade’s indirect stake in the Company’s capital is 75% of the total capital.

Too Seguros, company governed by the Shareholder Agreement entered into between Caixa Holding Securitária and BTG Pactual Holding de Seguros Ltda, whose corporate purpose is: (a) personal and damage insurance operations; and (b) participation as a shareholder or partner in other companies or ventures, except for an insurance broker that sells its products to individuals and legal entities in Banco PAN’s distribution network and partners. Caixa Seguridade’s indirect stake in the Company’s capital is 49%.

 

PAN Corretora Ltda., governed by the Articles of Incorporation between Caixa Holding Securitária S.A. and Banco BTG Pactual S.A., it provides brokerage services for Too Seguros products and uses Banco PAN’s distribution network and its partner channels to sell insurance products. Caixa Seguridade’s indirect stake in the Company’s capital is 49%.

 

Holding XS1 S.A.

Holding XS1 S.A., incorporated on August 17, 2020, governed by the Shareholder Agreement entered into between Caixa Seguridade, CNP Assurances Participações Ltda, CNP Assurances Brasil Holding Ltda and CNP Assurances SA, which together hold 51% of the company’s common shares. object to participation in insurance companies and open private pension entities, authorized to operate by the Superintendency of Private Insurance – SUSEP. Caixa Seguridade’s indirect stake in the Company’s capital is 60% of the total capital.

It has two operating companies, wholly-owned subsidiaries, which operate in the Life, Credit life and Pension segments:

  • Caixa Vida e Previdência S.A. (“Caixa Vida e Previdência”) sells supplementary pension products, having started its activities on 03/14/2000;
  • XS2 Vida & Previdência S.A. (“Caixa Vida e Previdência”) responsible for the sale of Life and Credit life products, starting operations on January 4, 2021.

XS5 Administradora de Consórcios S.A.

Caixa Consórcios, incorporated on December 3, 2020, governed by the Shareholder Agreement entered into between Caixa Seguridade and CNP Assurances Participações Ltda, is engaged in managing a group of Credit Letter in accordance with current legislation. Caixa Seguridade’s stake in the Company’s capital is 75% of the total capital.

 

XS6 Assistência S.A.

Caixa Assistencia was incorporated on October 23, 2020 and is governed by the Shareholders’ Agreement entered into between Caixa Seguridade and USS Soluções Gerenciadas SA Its corporate purpose is (i) the distribution, disclosure, offer, sale and after-sales of services of assistance, including for insurance companies, capitalization companies, premium bonds administrators, specialized health insurance companies and health care insurance operators, (ii) the provision of intermediation services for assistance services, (iii) technical advice in general, and (iv) equity interest in other companies.

 

Caixa Corretora is a wholly owned subsidiary of Caixa Seguridade and is engaged in: (i) holding interests in other companies, domestic or foreign; (ii) advisory and consultancy in the insurance field and; (iii) insurance brokerage and administration, in all the modalities allowed by current legislation, open supplementary pension plans, premium bonds and other brokerage resulting from insurance sold over the CAIXA counter or CAIXA over-the-counter.

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