Reported Earnings • Jul 23
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: S/1.24b (down 22% from 2Q 2025). Net income: S/85.8m (down 40% from 2Q 2025). Profit margin: 6.9% (down from 9.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to S/1.02, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 4x in the Insurance industry in Peru. Total returns to shareholders of 111% over the past three years. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: S/0.057 (vs S/0.018 in 1Q 2025) First quarter 2026 results: EPS: S/0.057 (up from S/0.018 in 1Q 2025). Revenue: S/1.61b (up 8.6% from 1Q 2025). Net income: S/129.3m (up 225% from 1Q 2025). Profit margin: 8.0% (up from 2.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Mariana Checa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buy Or Sell Opportunity • Apr 01
Now 22% undervalued Over the last 90 days, the stock has risen 19% to S/1.20. The fair value is estimated to be S/1.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.0%. Declared Dividend • Mar 27
Dividend reduced to S/0.019 Dividend of S/0.019 is 71% lower than last year. Ex-date: 13th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 21% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Mar 26
RIMAC Seguros y Reaseguros S.A. announces Annual dividend, payable on April 30, 2026 RIMAC Seguros y Reaseguros S.A. announced Annual dividend of PEN 0.0192 per share payable on April 30, 2026, ex-date on April 13, 2026 and record date on April 14, 2026. Board Change • Mar 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Mariana Checa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Mar 04
RIMAC Seguros y Reaseguros S.A., Annual General Meeting, Mar 24, 2026 RIMAC Seguros y Reaseguros S.A., Annual General Meeting, Mar 24, 2026, at 09:00 SA Pacific Standard Time. Location: held remotely, Peru Board Change • Feb 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Mariana Checa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to S/1.18, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Insurance industry in South America. Total returns to shareholders of 140% over the past three years. Board Change • Nov 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: S/0.046 (vs S/0.065 in 3Q 2024) Third quarter 2025 results: EPS: S/0.046 (down from S/0.065 in 3Q 2024). Revenue: S/1.67b (up 5.3% from 3Q 2024). Net income: S/101.4m (down 28% from 3Q 2024). Profit margin: 6.1% (down from 8.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Mar 28
RIMAC Seguros y Reaseguros S.A. Announces Annual Dividend, Payable on April 30, 2025 RIMAC Seguros y Reaseguros S.A. announced Annual dividend of PEN 0.0694 per share payable on April 30, 2025, ex-date on April 10, 2025 and record date on April 11, 2025. Tillkännagivande • Mar 06
RIMAC Seguros y Reaseguros S.A., Annual General Meeting, Mar 25, 2025 RIMAC Seguros y Reaseguros S.A., Annual General Meeting, Mar 25, 2025, at 09:00 SA Pacific Standard Time. Location: held remotely, Peru New Risk • Oct 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to S/0.92. The fair value is estimated to be S/1.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 50%. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: S/0.046 (vs S/0.046 in 2Q 2023) Second quarter 2024 results: EPS: S/0.046 (in line with 2Q 2023). Revenue: S/1.26b (down 3.9% from 2Q 2023). Net income: S/93.7m (up 5.9% from 2Q 2023). Profit margin: 7.4% (up from 6.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: S/0.052 (vs S/0.052 in 1Q 2023) First quarter 2024 results: EPS: S/0.052 (in line with 1Q 2023). Revenue: S/1.44b (up 11% from 1Q 2023). Net income: S/91.0m (down 8.8% from 1Q 2023). Profit margin: 6.3% (down from 7.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Apr 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 11
Upcoming dividend of S/0.068 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Peruvian dividend payers (12%). Lower than average of industry peers (6.1%). New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 5.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: S/0.046 (vs S/0.05 in 2Q 2022) Second quarter 2023 results: EPS: S/0.046 (down from S/0.05 in 2Q 2022). Revenue: S/1.31b (up 10% from 2Q 2022). Net income: S/88.5m (flat on 2Q 2022). Profit margin: 6.8% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.0% average weekly change). Shareholders have been diluted in the past year (8.4% increase in shares outstanding). New Risk • Jun 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: S/0.035 (vs S/0.029 in 3Q 2021) Third quarter 2022 results: EPS: S/0.035 (up from S/0.029 in 3Q 2021). Revenue: S/1.24b (down 2.9% from 3Q 2021). Net income: S/62.4m (up 31% from 3Q 2021). Profit margin: 5.0% (up from 3.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • May 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be S/1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 32%. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Rob Priday Woodworth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 24% share price gain to S/1.08, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 20x in the Insurance industry in Peru. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • May 28
Inaugural dividend of S/0.038 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 14 June 2021. This is the first dividend for RIMAC Seguros y Reaseguros since going public. The average dividend yield among industry peers is 6.4%. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to S/1.05, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Insurance industry in Peru. Total loss to shareholders of 11% over the past three years. Is New 90 Day High Low • Feb 18
New 90-day high: S/1.15 The company is up 13% from its price of S/1.01 on 19 November 2020. The Peruvian market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Insurance industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 24
New 90-day high: S/1.23 The company is up 23% from its price of S/1.00 on 26 October 2020. The Peruvian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: S/1.10 The company is up 11% from its price of S/0.99 on 21 August 2020. The Peruvian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 10.0% over the same period. 
