The Chief Operating Decision Maker (“CODM”) of IFS is the Chief Executive Officer (“CEO”).

The business segments monitor the operating results of their business units separately to make decisions on the distribution of resources and performance assessment. Segments performance is assessed based on operating profit or loss and is measured consistently with operating profit or loss in the consolidated financial statements. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties.

As of December 31, 2023, the Group had four operating business segments: Banking, Insurance, Wealth Management and Payments. In 2024, the Group performed an assessment of the operating business segments, taking into consideration, among others, relevance criteria regarding revenues, income and the Group’s consolidated assets, and concluded that the segment Payments will no longer be an operating business segment and will be presented jointly with the rest of the Group’s Subsidiaries that are not part of an operating segment. This conclusion is in line with the thresholds established by IFRS 8 “Operating Segments”, according to which said segment does not exceed the following limits:

- At revenue level: Revenues from the segment Payments do not account for 10 percent or more of the total combined revenues of all operating segments.

- At income level: The absolute income of the segment Payments is not equal or more than 10 percent of the higher amount between: (i) the combined income of all segments that have not presented losses; and (ii) the combined loss of all segments that report losses.

- At asset level: The assets of the segment Payments are not 10 percent or more of the total combined assets of all operating segments.

Accordingly, as of December 31, 2025 and 2024, the Group presents three operating business segments:

It provides life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products.

It provides brokerage and investment management services. Inteligo serves mainly Peruvian citizens.

No revenue from transactions with a single external customer or counterparty exceeded 10 percent of the Group’s total revenues in the years 2025, 2024 and 2023.

The following table presents the Group’s financial information by business segments for the years ended December 31, 2025, 2024 and 2023:


	2025
	Banking			Insurance			Wealth management			Holding, other subsidiaries and eliminations (*)			Total consolidated
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Total income (**)
Third party		7,778,285			2,318,167			521,218			708,709			11,326,379
Inter-segment		(173,018	)		(5,614	)		(4,450	)		183,082			—
Total income		7,605,267			2,312,553			516,768			891,791			11,326,379
Consolidated statement of income
Interest and similar income		5,815,687			921,779			160,076			(9,165	)		6,888,377
Interest and similar expenses		(1,980,679	)		(184,452	)		(98,572	)		4,732			(2,258,971	)
Net interest and similar income		3,835,008			737,327			61,504			(4,433	)		4,629,406
(Loss) recovery due to impairment of loans		(1,136,728	)		—			20			1			(1,136,707	)
(Loss) recovery due to impairment of financial investments		(30	)		(264,123	)		376			16			(263,761	)
Net interest and similar income after impairment loss on loans		2,698,250			473,204			61,900			(4,416	)		3,228,938
Fee income from financial services, net		884,628			(12,622	)		195,956			151,669			1,219,631
Net gain (loss) on sale of financial investments		67,504			34,942			(391	)		—			102,055
Other income		552,739			237,079			162,869			143,134			1,095,821
Result from insurance activities		—			(47,777	)		—			(20	)		(47,797	)
Depreciation and amortization		(307,101	)		(20,427	)		(8,285	)		(114,454	)		(450,267	)
Other expenses		(1,942,038	)		(425,609	)		(166,997	)		(178,294	)		(2,712,938	)
Income (expense) before exchange diference and Income Tax		1,953,982			238,790			245,052			(2,381	)		2,435,443
Exchange difference		2,438			35,747			(1,137	)		956			38,004
Income Tax		(481,423	)		—			(12,779	)		(36,050	)		(530,252	)
Net profit (loss) for the year		1,474,997			274,537			231,136			(37,475	)		1,943,195
Attributable to:
IFS’s shareholders		1,474,997			274,537			231,136			(48,200	)		1,932,470
Non-controlling interest		—			—			—			10,725			10,725
		1,474,997			274,537			231,136			(37,475	)		1,943,195

(*) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

(**) Corresponds to interest income, net profit on the sale of financial investments, other income, income from commissions for banking services and income from insurance services.


	2024
	Banking			Insurance			Wealth management			Holding, other subsidiaries and eliminations (*)			Total consolidated
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)

Total income (**)
Third party		7,732,766			1,760,985			435,882			685,558			10,615,191
Inter-segment		(154,329	)		(4,517	)		(2,355	)		161,201			—
Total income		7,578,437			1,756,468			433,527			846,759			10,615,191
Consolidated statement of income
Interest and similar income		5,969,629			870,993			178,160			10,609			7,029,391
Interest and similar expenses		(2,217,197	)		(153,464	)		(108,466	)		(1,143	)		(2,480,270	)
Net interest and similar income		3,752,432			717,529			69,694			9,466			4,549,121
Loss due to impairment of loans		(1,719,913	)		—			(266	)		—			(1,720,179	)
Loss due to impairment of financial investments		(982	)		(45,910	)		(585	)		(44	)		(47,521	)
Net interest and similar income after impairment loss on loans		2,031,537			671,619			68,843			9,422			2,781,421
Fee income from financial services, net		791,815			(10,628	)		170,955			190,801			1,142,943
Net gain (loss) on sale of financial investments		12,995			17,664			(4,115	)		—			26,544
Other income		500,512			103,571			89,331			71,653			765,067
Result from insurance activities		—			(169,750	)		—			(39	)		(169,789	)
Depreciation and amortization		(294,514	)		(22,091	)		(8,734	)		(87,718	)		(413,057	)
Other expenses		(1,762,494	)		(379,087	)		(166,789	)		(178,789	)		(2,487,159	)
Income before exchange diference and Income Tax		1,279,851			211,298			149,491			5,330			1,645,970
Exchange difference		(7,402	)		(9,390	)		(2,066	)		(5,286	)		(24,144	)
Income Tax		(265,096	)		—			(10,089	)		(39,180	)		(314,365	)
Net profit (loss) for the year		1,007,353			201,908			137,336			(39,136	)		1,307,461
Attributable to:
IFS’s shareholders		1,007,353			201,908			137,336			(46,519	)		1,300,078
Non-controlling interest		—			—			—			7,383			7,383
		1,007,353			201,908			137,336			(39,136	)		1,307,461

(*) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

(**) Corresponds to interest income, net profit on the sale of financial investments, other income, income from commissions for banking services and income from insurance services.


	2023 (*)
	Banking			Insurance			Wealth management			Holding, other subsidiaries and eliminations (**)			Total consolidated
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)

Total income (***)
Third party		7,812,858			1,695,222			291,408			630,640			10,430,128
Inter-segment		(126,620	)		(4,975	)		(1,386	)		132,981			—
Total income		7,686,238			1,690,247			290,022			763,621			10,430,128
Consolidated statement of income
Interest and similar income		6,076,020			851,648			183,926			8,817			7,120,411
Interest and similar expenses		(2,363,800	)		(126,704	)		(98,370	)		(3,492	)		(2,592,366	)
Net interest and similar income		3,712,220			724,944			85,556			5,325			4,528,045
(Loss) recovery due to impairment of loans		(1,981,988	)		—			170			—			(1,981,818	)
(Loss) recovery due to impairment of financial investments		15			(7,858	)		347			(4	)		(7,500	)
Net interest and similar income after impairment loss on loans		1,730,247			717,086			86,073			5,321			2,538,727
Fee income from financial services, net		813,279			(13,431	)		146,223			232,391			1,178,462
Net (loss) gain on sale of financial investments		(660	)		9,948			(2,857	)		—			6,431
Other income (expenses)		495,500			112,990			(37,332	)		(19,774	)		551,384
Result from insurance activities		—			(178,379	)		—			(13	)		(178,392	)
Depreciation and amortization		(271,526	)		(21,658	)		(15,018	)		(70,836	)		(379,038	)
Other expenses		(1,678,356	)		(352,933	)		(138,589	)		(201,251	)		(2,371,129	)
Income (expense) before exchange diference and Income Tax		1,088,484			273,623			38,500			(54,162	)		1,346,445
Exchange difference		(15,969	)		18,430			761			5,205			8,427
Income Tax		(216,366	)		—			(3,081	)		(56,149	)		(275,596	)
Net profit (loss) for the year		856,149			292,053			36,180			(105,106	)		1,079,276
Attributable to:
IFS’s shareholders		856,149			292,053			36,180			(111,654	)		1,072,728
Non-controlling interest		—			—			—			6,548			6,548
		856,149			292,053			36,180			(105,106	)		1,079,276

(*) The 2023 balances have been restated to consider the three operating segments, effective from 2024.

(**) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

(***) Corresponds to interest income, net profit on the sale of financial investments, other income, income from commissions for banking services and income from insurance services.

The distribution of the Group’s total income based on the location of the customer and its assets, for the year ended December 31, 2025, is S/10,876,215,000 in Peru and S/450,164,000 in Panama (for the year ended December 31, 2024, was S/10,232,012,000 in Peru and S/383,179,000 in Panama). The distribution of the Group’s total assets based on the location of the customer and its assets as of December 31, 2025 is S/95,125,697,000 in Peru and S/3,971,730,000 in Panama (for the year ended December 31, 2024, was S/91,323,869,000 in Peru and S/4,179,912,000 in Panama).