v3.26.1
INSURANCE AND REINSURANCE CONTRACTS ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance service result [abstract]  
Schedule of Assets Per Reinsurance Contract The detail of the assets per reinsurance contract are:
20252024
Assets for
remaining
coverage (*)		Assets for incurred claims for contracts measured by PAA
(**)		TotalAssets for
remaining
coverage (*)		Assets for incurred claims for contracts measured by PAA (**)Total
Present value of
future cash flows		Present value of
future cash flows
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Balances at the beginning of the period(58,399)899,569 841,170 (133,054)1,005,100 872,046 
Directly attributable expenses incurred– 504,065 504,065 – 343,855 343,855 
Changes related to past services– (328,799)(328,799)– (158,503)(158,503)
Future service changes(2,028)– (2,028)(5,735)– (5,735)
Reinsurance recoveries(2,028)175,266 173,238 (5,735)185,352 179,617 
Expenses for assigning the premiums paid to the reinsurer(632,063)– (632,063)(674,214)– (674,214)
Result of the reinsurance service(634,091)175,266 (458,825)(679,949)185,352 (494,597)
Net financial expenses for reinsurance contracts– 40,528 40,528 – 30,377 30,377 
Other changes(48,573)(46,201)(94,774)(13,237)(18,679)(31,916)
Cash flow:
Premiums paid net of commissions ceded and other directly attributable expenses paid747,662 – 747,662 767,841 12 767,853 
Reinsurance recoveries– (367,201)(367,201)– (302,593)(302,593)
Net cash flow747,662 (367,201)380,461 767,841 (302,581)465,260 
Balances at the end of the period6,599 701,961 708,560 (58,399)899,569 841,170 
(*) Includes accounts payable to reinsurers and co-insurers and excess of loss contracts.
(**) Includes accounts receivable from reinsurers and co-insurers.
Schedule of Liability for Insurance Contracts The detail of the liability for insurance contracts are:
2025
Liabilities for remaining coverageLiabilities for incurred claims - contracts not measured by PAALiabilities for incurred claims - contracts measured by PAATotal
Excluding loss component (*)Loss componentPresent Value of Fulfillment Cash FlowsRisk adjustment
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Balances at the beginning of the period
9,317,066 247,799 1,288,630 2,544,942 23,848 13,422,285 
Insurance income(4,649,818)1,118 – – – (4,648,700)
Claims incurred and other insurance service expenses56,133 – 842,435 2,778,176 125 3,676,869 
Adjustments relating to the past to liabilities for incurred claims– – (713,756)(190,799)(3,584)(908,139)
Losses and recoveries for losses in onerous contracts– 10,686 – – – 10,686 
Amortization of insurance acquisition cash flows21,259 – – – – 21,259 
Insurance service expenses77,392 10,686 128,679 2,587,377 (3,459)2,800,675 
Result of the insurance service(4,572,426)11,804 128,679 2,587,377 (3,459)(1,848,025)
Net financial expenses for insurance contracts1,012,259 (6,868)95,490 119,361 946 1,221,188 
Total changes in the consolidated income statement(3,560,167)4,936 224,169 2,706,738 (2,513)(626,837)
Investment components(1,045,427)– 1,045,427 – – – 
Acquisition of Pacifico EPS shares(60,734)– – 175,615 764 115,645 
Other changes(683,280)(7,212)(11,223)(80,224)(600)(782,539)
Cash flow:
Premiums received7,358,881 – – – – 7,358,881 
Claims and other service expenses paid– – (1,190,631)(3,038,334)– (4,228,965)
Insurance acquisition cash flows(994,315)– – – – (994,315)
Net cash flow6,364,566 – (1,190,631)(3,038,334)– 2,135,601 
Balances at the end of the period10,332,024 245,523 1,356,372 2,308,737 21,499 14,264,155 
(*) Includes accounts receivable of contracts measured under the PAA and debts to intermediaries, marketers and auxiliaries.
2024
Liabilities for remaining coverageLiabilities for incurred claims - contracts not measured by PAALiabilities for incurred claims - contracts measured by PAATotal
Excluding loss component (*)Loss componentPresent Value of Fulfillment Cash FlowsRisk adjustment
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Balance at the beginning of the period8,379,672 207,695 1,212,856 2,497,439 20,471 12,318,133 
Insurance income(3,779,710)316 – – – (3,779,394)
Claims incurred and other insurance service expenses– 8,172 722,763 1,535,912 – 2,266,847 
Adjustments relating to the past to liabilities for incurred claims– (4,365)(550,740)348,829 2,277 (203,999)
Losses and recoveries for losses in onerous contracts– 15,801 – – – 15,801 
Amortization of insurance acquisition cash flows7,128 – – – – 7,128 
Insurance service expenses7,128 19,608 172,023 1,884,741 2,277 2,085,777 
Result of the insurance service(3,772,582)19,924 172,023 1,884,741 2,277 (1,693,617)
Net financial expenses for insurance contracts553,835 (5,376)64,928 126,019 1,044 740,450 
Total changes in the consolidated income statement(3,218,747)14,548 236,951 2,010,760 3,321 (953,167)
Investment components(914,866)– 914,866 – – – 
Other changes(4,620)25,556 1,171 9,884 56 32,047 
Cash flow:– 
Premiums received5,180,689 – – – – 5,180,689 
Claims and other service expenses paid– – (1,077,214)(1,973,141)– (3,050,355)
Insurance acquisition cash flows(105,062)– – – – (105,062)
Net cash flow5,075,627 – (1,077,214)(1,973,141)– 2,025,272 
Balances at the end of the period9,317,066 247,799 1,288,630 2,544,942 23,848 13,422,285 
(*) Includes accounts receivable of contracts measured under the PAA and debts to intermediaries, marketers and auxiliaries.
Schedule of Components of Movements of Insurance Contracts The components of the movement are presented below:
20252024
Present
Value of
Fulfillment
Cash Flows
Risk
adjustment
Contractual
Service
Margin
(CSM)
Total
Present
Value of Fulfillment
Cash Flows
Risk
adjustment

Contractual
Service
Margin
(CSM)
Total

S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Balances at the beginning of the period
9,164,961 152,793 1,258,050 10,575,804 8,220,567 144,207 1,202,240 9,567,014 
Changes in the statement of income:
Changes in estimates that adjust the CSM873 11,354 (12,122)105 (19,665)4,441 9,535 (5,689)
Changes in estimates that result in losses and recoveries for contract losses onerous(6,299)2,109 (5,783)(9,973)(8,949)(681)– (9,630)
Initial recognition contracts(122,940)16,992 140,510 34,562 (102,195)9,628 123,461 30,894 
Changes related to future services(128,366)30,455 122,605 24,694 (130,809)13,388 132,996 15,575 
CSM recognized for services provided– – (137,032)(137,032)– – (125,610)(125,610)
Changes in the risk adjustment recognized for the expired risk– (21,026)– (21,026)– (20,039)– (20,039)
Experience adjustments931,751 – – 931,751 829,682 – – 829,682 
Changes related to current services931,751 (21,026)(137,032)773,693 829,682 (20,039)(125,610)684,033 
Adjustments to liabilities for incurred claims(858,036)10,219 – (847,817)(713,268)9,927 – (703,341)
Result of the insurance service(54,651)19,648 (14,427)(49,430)(14,395)3,276 7,386 (3,733)
Net financial expenses for insurance contracts1,048,399 4,032 48,449 1,100,880 564,473 3,896 45,118 613,487 
Total changes in the consolidated income statement993,748 23,680 34,022 1,051,450 550,078 7,172 52,504 609,754 
Other changes(470,998)(12,040)(80,955)(563,993)51,293 1,414 3,306 56,013 
Cash flow:
Premiums collected1,886,374 – – 1,886,374 1,500,797 – – 1,500,797 
Benefits and expenses paid(1,190,631)– – (1,190,631)(1,077,186)– – (1,077,186)
Acquisition fees paid(101,310)– – (101,310)(80,588)– – (80,588)
Net cash flow594,433 – – 594,433 343,023 – – 343,023 
Balances at the end of the period10,282,144 164,433 1,211,117 11,657,694 9,164,961 152,793 1,258,050 10,575,804