The movement of intangible assets and amortization for the years ended December 31, 2025, 2024 and 2023, is as follows:


	2025																						2024			2023
Description	Software			Software development			Relationship with clients			Brand		Database			Other intangible			Goodwill (b and c)		Total			Total			Total
	S/(000)			S/(000)			S/(000)			S/(000)		S/(000)			S/(000)			S/(000)		S/(000)			S/(000)			S/(000)
Cost
Balance as of January 1		1,870,385			168,991			110,042			82,546		97,016			179,471			669,075		3,177,526			2,975,032			2,698,486
Additions		138,363			78,010			—			—		—			5,594			—		221,967			245,334			280,388
Transfers		62,204			(61,003	)		—			—		—			(1,201	)		—		—			—			—
Disposals and write-offs, Note 21(a)		(1,419	)		—			—			—		—			(4,113	)		—		(5,532	)		(42,840	)		(3,842	)
Balance as of December 31		2,069,533			185,998			110,042			82,546		97,016			179,751			669,075		3,393,961			3,177,526			2,975,032
Amortization
Balance as of January 1		(1,320,781	)		—			(30,261	)		—		(26,680	)		(132,051	)		—		(1,509,773	)		(1,287,912	)		(1,065,284	)
Amortization of the year		(222,758	)		—			(11,004	)		—		(9,702	)		(16,984	)		—		(260,448	)		(254,301	)		(223,015	)
Disposals and write-offs, Note 21(a)		992			—			—			—		—			1,374			—		2,366			32,440			387
Balance as of December 31		(1,542,547	)		—			(41,265	)		—		(36,382	)		(147,661	)		—		(1,767,855	)		(1,509,773	)		(1,287,912	)
Net book value		526,986			185,998			68,777			82,546		60,634			32,090			669,075		1,626,106			1,667,753			1,687,120

Management assesses periodically the amortization method used with the purpose of ensuring that it is consistent with the economic benefit of the intangible assets. In Management’s opinion, there is no evidence of impairment in the Group’s intangible assets as of December 31, 2025, 2024 and 2023.

In 2017, IFS acquired 99.39 percent of Seguros Sura’s capital stock and 99.42 percent of Hipotecaria Sura’s capital stock. In March 2018, Interseguro merged with Seguro Sura, using the method of absorption, originating the transfer of all the assets and liabilities of Seguros Sura to the absorbing company and extinguishing without having to liquidate.

The goodwill resulting from the purchase of Seguros Sura and Hipotecaria Sura equivalent to S/430,646,000 represents the future synergies that are expected to arise from the combination of operations, distribution channels, workforce and other efficiencies not included in the intangible assets of the present value of acquired in-force business.

The goodwill recorded by the Group has been allocated to the CGU (cash generated unit) comprised of the merged entity.

The recoverable amount for the CGU was determined based on the income approach, specifically the dividend discount model.

As of December 31, 2025 and 2024, the key assumptions used for the calculation of fair value are:

10-year cash flows plus an estimation of the value at perpetuity were included in the dividend discount model. The estimated growth rates are based on the historical performance and the expectations of Management over the development of the market. Long-term perpetuity growth rate was determined based on reports from the sector.

The discount rate represents the assessment of the CGU specific risks. The discount rate was established considering the Company’s capital structure, the cost of capital coming from the benefits that the Group’s investors expect to obtain, from the specific risk incorporated by applying comparable individual beta factors adapted to the CGU’s debt structure and from the country and market specific risk premiums for the CGU. Beta factors are assessed on an annual basis using available market information.

The key assumptions described above can change if the market conditions and the economy change. As of December 31, 2025 and 2024, the Group estimates that the reasonableness of possible changes in these assumptions would not make the recoverable amount of the CGU decrease to an amount lower than its book value.

The goodwill resulting from the acquisition of Izipay, amounts to S/ 238,429,000, represents the future synergies that are expected to arise from the combination of operations and other efficiencies not included in the intangibles of the current value of the ongoing business. The value of the brand resulting from the acquisition of Izipay was equivalent to S/82,546,000.

The goodwill and the indefinite-lived brand recorded by the Group, have been assigned to two CGU (cash-generating unit) composed of Izipay and Interbank. The distribution of these assets was made, based on the future economic benefits expected to be generated by each unit for the Group.

The recoverable amount for the CGU has been determined based on the method of discounted cash flows.

As of December 31, 2025 and 2024, the key assumptions used for the calculation of the fair value are the following:

10-year cash flows plus an estimation of the value at perpetuity were included in the model of discounted cash flows. The estimated growth rates are based on the historical performance and the expectations of Management over the market development. The long-term perpetual growth rate has been determined considering the upper target range of inflation established by the BCRP.

The discount rate represents the assessment of the CGU’s specific risks. The discount rate was originated considering the data obtained from market information sources.

The key assumptions described before can change if market conditions and the economy change. As of December 31, 2025 and 2024, the Group estimates that the reasonableness of these possible changes in these assumptions would not originate that the recoverable amount of the CGU decreases below its book value.