0001193125-26-177617
SEC filingProvided section is not MD&A; it details major shareholders and related party transactions.
The provided document content does not contain the Business description section. It includes risk factors, which are not part of the Business section analysis.
The provided text is Item 7 of the 20-F, covering Major Shareholders and Related Party Transactions, not the MD&A section. No financial performance metrics, segment dynamics, or forward guidance are discussed. The section describes ownership structure and lists various related party transactions, including loans and leases with Intercorp affiliates. Notable items include the significant ownership by Intercorp Perú Ltd. (70.6%), and growing related party loans to insiders (S/256.4 million in 2025). However, this is not MD&A content.
The Notes section does not provide a consolidated IFS balance sheet. However, repricing gap tables for each banking, insurance, and wealth management segment are included, detailing assets, liabilities, and gaps as of December 31, 2025 and 2024. These tables show Interbank total assets of S/72,956.5 million, Interseguro total interest earning assets of S/14,454.8 million, and Inteligo total interest earning assets of S/2,550.5 million.
No purchase commitments or contractual obligations are disclosed in the provided Notes section.
IFS paid ordinary dividends of $207.8 million in 2025, up from $115.4 million in each of 2024 and 2023. Dividend per share was $1.80 for fiscal 2025, versus $1.00 for prior years. The company also executed share repurchases during 2025: $45.3 million under the 2023 Repurchase Program and $26.9 million under a new $100 million program authorized in March 2025, leaving $73.1 million remaining at year-end. Subsidiary dividend distributions are detailed: Interbank distributed S/656.3 million in 2025, Interseguro distributed S/160.0 million, and Inteligo distributed S/111.0 million. No debt or capex disclosure is present.
No segment-level revenue or operating income is reported in the Notes section. The only segment-specific information is the repricing gap tables for Interbank, Interseguro, and Inteligo, which break down interest earning assets and liabilities by repricing maturity. These tables reflect the banking, insurance, and wealth management segments respectively, but do not include income statement metrics.