Institutional Presentation

September 13

Largest Insurance Broker in Latin America

Leading Presence in Other Segments, such as Premium Bonds and Rural Insurance

Insurance Operations, Pension Plans and Premium Bonds Managed Through Private Partnerships with Global Leaders

Largest Life Insurance Company in Brazil

2nd Largest P&C Insurance Company in Brazil

Fast Growing with High Profitability

Largest Insurance, Pension and Premium Bonds Company in Latin America *

BB Seguridade

* Does not include health insurance.

Track Record

* Pending approval by regulators, supervisors and inspectors.

1981

Creation of BB’s insurance operations

1992

Creation of Brasilprev

1995

Brasilcap’s inception in partnership with SulAmérica, Icatu and Aliança da Bahia

1996

Creation of Brasilveículos in partnership with SulAmérica

1999

Partnership with Principal Financial Group in Private Pension Plans

2010

Established Joint Venture with Mapfre

2008-2011

Ownership restructuring of BB’s insurance, Pension Plans and Premium Bonds division

2012

Creation of BB Seguridade

1987

BB Corretora’s establishment

2013

IPO BB Seguridade

Equity investment in IRB –

Brasil RE

Brasildental

Partnership with Odontoprev*

CEO Marcelo Augusto Dutra Labuto

CFO Leonardo Giuberti Mattedi

CCO André Luis Cortes Mussili

COO Ângela Beatriz de Assis

Executive Officers

Board of Directors

Shareholders General Meeting

Fiscal Council

Audit Commitee

Organizational Structure

BB Corretora

Brasilcap

100% Total

BB Seguros BB Corretora Holdings

BB Mapfre SH1

Mapfre BB SH2

Brasilprev

Free-Float

74,9% BB Seguridade Stake in Terms of Total Shares (%)

49,9%

50%

100% Total

50,0%

49,0%

50%

74,9%

49,9%

50%

66,7%

49,9%

67%

100%

100% BB Seguridade Stake in Terms of Voting Shares (%)

Board of Directors Representation (%)

66,25% 33,75%

Shareholders Structure

IRB –Brasil Re

Brasildental

20,5%

20,5%

20%

74,9%

49,9%

50%

Pending approval by regulators, supervisors and inspectors.

Corporate Governance Overview

* Effective members and substitutes

Board of Directors*

SH1 Life

SH2 P&C

Brasilprev Pension

Plans

Brasilcap Premium

Bonds

16 members

8 appointments

8 appointments

Companhia de Seguros

Aliança do Brasil

6 appointments

6 appointments

Mapfre Vida S.A

6 appointments

6 appointments

Vida Seguradora S.A

6 appointments

6 appointments

16 members

8 appointments

8 appointments

Aliança do Brasil

Seguros S.A

6 appointments

6 appointments

BB Mapfre Assistência

2 appointments

2 appointments

Brasilveículos

6 appointments

6 appointments

16 members

8 appointments

8 appointments

3 appointments

3 appointments

12 members

8 appointments

2 appointments

2 appointments

4 appointments

Mapfre Affinity

Seguradora S.A

6 appointments

6 appointments

Mapfre Seguros Gerais

S.A

6 appointments

6 appointments

Presidents, Vice Presidents and Directors

Broker

3 appointments

10 members

2 appointments

IRB-RE

Reinsurance

Distribution Channels

5,416

17,378

140

60,387 20,609

61.0 mm clients

Branches

ATM

Correspondents

External Brokers

Partnerships

Banking Channel1

Non-banking channel2

28,643

Shared

Sound non-banking network spread all over Brazil

1º

5,181

Points of sale

1Source: Banco do Brasil –September 2013 2Source: Grupo BB Mapfre – September 2013

Enhanced transparency and certainty to minority shareholders

BB Seguridade’s commitment to reaffirm its best corporate governance practices

Creating a committee related parties, composed of at least one independent member, who must have a favorable vote for approval and signature changes in contracts with related parties

Related Parties’ Transaction Policy

Broker: exclusive access to BB network

Exclusive access to Banco do Brasil’s network

20-year term

No termination clause

Signed in January 2013

Access to BB Corretora

Obligation to sell their products through BB Corretora’s banking network

Remuneration: fixed percentage of policies, in operational contracts signed product by product

Relationship managed by shareholder agreements with 23-year term for PFG, 20-year term for Mapfre and indefinite for Icatu / Aliança do Brasil

Brasilprev SH1 SH2 Brasilcap

Backed by BB and Private Partnerships

BB Seguridade plays an active role in its operational companies´ governance

BB Seguridade – Earnings Breakdown

Net Revenues (2Q13)5

(R$ mm)

% of BB Seguridade

adjusted net income 9

Adjusted ROAE (2Q13)

Ranking 10

Adjusted net income

(2Q13) 6 (R$ mm)

Business Lines

10

Insurance, Pension Plans and Premium Bonds Distribution Holding

Source: Company fillings and Susep

1. SH1 comprises Life, Credit Insurance, Housing and Rural Insurance / 2. SH2 comprises Auto, Casualty and Others (except for Housing and Rural Insurance) / 3. 1ST position: Represents BB Seguridade’s Life products / 4. 2nd position: Represents BB Seguridade’s P&C products / 5. Premiums written for BB Mapfre SH1 and Mapfre BB SH2; Collections for Brasilcap; Contributions for Brasilprev; Operational revenues for BB Corretora / 6. Considers the net income attributable to BB Seguridade / 7. BB Seguridade’s net income includes R$ 11.8mm related to result of IRB Brasil RE, holding revenues/expenses and taxes, which are not shown above / 8. 1ST position: Represents BB Seguridade’s collections products / 9. Considers the results of holdings BB Seguridade, BB Seguros and BB Cor / 10. Position in 9M13

SH1 Life1

SH2 P&C2 Pension Plans Premium Bonds Brokerage

58.4% 51.7% 33.1% 6.2%

3,694 1,383 1,521 2,122 425

114.9 17.8 165.8 19.6 217.9

1st 1st

38.0%

547.87

1st 1st 3

1st 8

21.0% 3.2% 30.3% 3.6% 39.8%

nd

Consolidated Earnings

Adjusted net income 27% higher even in an adverse environment for financial income

BB Seguridade Adjusted (R$ mm)

Adjusted net income: +27.2%

BB Seguridade (R$ mm)

Net income: +74.8%

3Q13

547.8

38.0

3Q12

430.7

33.3

ROAE (%)

Adjusted net income

3Q13

547.8

38.0

3Q12

313.4

23.5

ROAE (%)

Net income

SH1 Life

BB Mapfre SH1

Life comprehends life insurance, personal accidents and credit-life insurance.

Life insurance is a product focused on individual aiming at assuring financial protection to the beneficiaries chosen by the policy holder, in case of natural or accidental death, or permanent disability of the individual.

Credit life insurance (life insurance linked to loans) is intended to ensure the payment of a debt in the event of death, permanent disability of the borrower, preventing family member to inherit this liability.

Life

Housing insurance is related to the payment of housings. In case of death or disability of the insured, the insurance policy gives the guarantee that his family will receive the property and the bank will receive the full payment of the property debt. A housing insurance can also protect against physical damage to the insured property.

Mortgage

Rural insurance protects farmers against adverse natural events, up to a maximum limit. It also covers cattle, farmer’s equity, farm assets, credit to commercialize production, and the risk of death of producers.

Rural Insurance

BB Mapfre SH1

Source: SUSEP Data: September/13

BB Mapfre SH1 (R$ mm)

95.0

250.3

221.0

76.6 193.2

169.0

3Q13 3Q12

Adjusted net income

Net investment income

Underwriting result Underwriting result: +29.6%

Net investment income: +23.9%

Adjusted net income: +30.8%

Mortgage Life (Insurance Premium) (R$ mm)

3Q12

9.3%

53.0

3Q13

20.6

4.5%

Market Share

Premiums ∆ %

BB Seguridade: +156.7

Industry: +24.2

Rural (Insurance Premium) (R$ mm)

67.0% 470.2

76.6%

3Q12

307.5

3Q13

Market Share

Premiums ∆ %

BB Seguridade: +52.9

Industry: +33.7

1,207.4

19.2%

3Q13 3Q12

1,031.9

18.8%

Market Share

Premiums

Life (Insurance Premium) (R$ mm)

∆ %

BB Seguridade: +17.0

Industry: +14.7

Underwriting results and net investment income sustained growth of adjusted net income

BB Mapfre SH1

Adjusted ROAE reached 33.1%, an increase of 1,054 bps yoy

+34.8%

3Q13

+27.1%

1,248.6 1,063.4

836.6

3Q12

926.2

Earned premiums (R$ mm) Claims (%)

76.5

3Q13

-45 bps

80.0 79.1

+81 bps

76.9

3Q12

Combined ratio (%) Adjusted ROAE (%)

3Q12

+1,054 bps

3Q13

22.6

33.1

34.0 34.3

3Q12 3Q13

36.4 27.5

+236 bps

+678 bps

Earned premiums

Adjusted earned premiums Adjusted claims

Claims

Combined ratio

Adjusted Combined ratio

BB Mapfre SH1 Bancassurance channel sustains the growth of premiums written, specially in credit life and

rural segments

Premiums written (R$ mm) Breakdown of premiums 3Q12 vs 3Q13

Selling channels 3Q13

+28.4%

3Q13

1,520.7

3Q12

1,184.1

Other channel 12.5%

Bancassurance channel

87.5%

Selling channels 3Q12

Other channel 15.6%

Bancassurance channel

84.4%

Others Mortgage life insurance

Rural

Credit insurance

Life 41.6%

26.8%

2.9%

25.2%

3.5%

Others

3.3% 1.7%

Rural

22.0%

Credit insurance

26.5%

Life 46.5%

3Q12 3Q13

x

Mortagage life insurance

SH2 P&C

Mapfre BB SH2

Property insurance consists in products developed to protect assets or property from individuals or companies, linked or not to loans. The main products of this segment are housing insurance (covers the risk related to the property, and not to the individual, as it is the case for mortgage life or housing life insurance), businesses insurance (protection for companies assets) and insurance for machines and equipment (protection of goods belonging to individuals and businesses).

Property

Auto insurance is a product aimed at protecting vehicles, for commercial or private use, from damage sustained and caused in accidents or other situations, besides other assistances provided to the policy holder for their daily lives.

Auto

Source: SUSEP Data: September/13

Mapfre BB SH2 (R$ mm)

Underwriting result: -78.4%

Net investment income: -33.9%

Adjusted net income: -32.6%

3Q13

65.2

3.2

39.2

3Q12

98.5

15.0

58.1

Adjusted net income

Net investment income

Underwriting result

Auto (Insurance Premium) (R$ mm)

3Q13

1,146.5

14.7%

3Q12

1,004.5

15.1%

∆ %

BB Seguridade: +14.1

Industry: +16.8

Market Share

Premiums

Mapfre BB SH2

Solid growth in earned premiums

Earned premiums (R$ mm) Claims (%)

Combined ratio (%) Adjusted ROAE (%)

+21.1%

3Q13

1,937.7

3Q12

1,600.1 1,448.4 1,644.0

+13.5%

+77 bps

3Q13

99.8

3Q12

99.1 99.0 99.8

+84 bps

-348 bps

3Q13

6.2

3Q12

9.7

-624 bps

3Q13

52.7

3Q12

59.0 56.0 57.4

+144 bps

Earned premiums

Adjusted earned premiums

Claims

Adjusted claims

Combined ratio

Adjusted Combined ratio

Mapfre BB SH2 Growth in premiums written sustained mainly by auto and casualties segments, with

growth above 15%

Premiums written (R$ mm) Breakdown of premiums 3Q12 vs 3Q13

+15.1%

3Q12

2,122.1

3Q13

1,843.4

Other channel

70.6%

29.4%

Bancassurance channel

Selling channels 3Q13 Selling channels 3Q12

Bancassurance channel

68.7%

Other channel

31.3%

Casualties

11.6%

Others

32.8%

Auto

55.6%

Auto

Casualties

Others

32.7%

12.8%

54.5%

3Q12 3Q13

x

Brasilprev

Complementary pension plans are an optional product giving individuals additional financial protection outside of public retirement plans.

The two most important products in this segment are PGBL (Plano Gerador de Benefício Livre) and VGBL (Vida Gerador de Benefício Livre). They are pension plans in which individuals contribute during their working lives in return for receiving a monthly income or a single payment usually upon retirement.

PGBL products are recommended for people who declare income tax (IR) in complete form because the contributions are deductible in the calculation basis of income tax up to the limit of 12% of annual gross income taxable. In this modality, in case of redemption or income receipt, IR is calculated on the amount redeemed or income received.

VGBL products are recommended for those who declares income tax in simplified format or is exempt, since the contributions are not deductible in calculating the tax base. In this modality, in case of redemption or income received, the incidence of IR is only on the value of income.

Pension Plans

Source: SUSEP Data: September/13

Brasilprev (R$ mm)

Result with pension plans: +56.1%

Net investment income: +1.9%

Adjusted net income: +48.9%

80.6

170.4

153.3

79.1 109.2

103.0

3Q13 3Q12

Result with pension plan

Adjusted net income

Net investment income

Pension Plans (Collection) (R$ mm)

3Q13

3,746.8

29.4%

3Q12

3,405.1

22.4%

Market Share

Contribution ∆ %

BB Seguridade: +10.0

Industry: -16.1

Brasilprev

Increase in the volume of AuM boosted adjusted ROAE to 58%

Gross revenue from pension plans (R$ mm) Adjusted ROAE (%)

Technical Reserves (R$ bn)

+10.1%

3Q13

3,694.3

3Q12

3,356.3

+912 bps

3Q13

58.4

3Q12

49.3

Sep/13

77.6

Sep/12

61.7

+25.9%

Brasilcap

Premium bonds is a typical product of the Brazilian market, which links into a single financial instrument components of accumulation (savings) and lottery.

Customers can choose between single payment bonds or perform monthly payments. In both cases, during the period, savers participate in draws with cash prizes. Part of the payments is directed to the company to pay, for example, the cost of the plan and the expenses with draws. The remaining amount compose a reserve that the participant gets back at the end of the plan.

There are similar products in Spain and United Kingdom.

Premium Bonds

Source: SUSEP Data: September/13

Brasilcap (R$ mm)

Result with premium bond: -31.6%

Net investment income: -36.0%

Adjusted net income: -21.8%

24.4 23.0

26.7

38.1 33.6

34.1

3Q12 3Q13

Adjusted net income

Net investment income

Result with premium bond

Premium Bonds (Collection) (R$ mm)

3Q13

1,383.2

26.4%

3Q12

918.3

21.8%

Market Share

Collection ∆ %

BB Seguridade: +50.6

Industry: +24.6

Brasilcap

Robust growth of premium bonds collection allowed reaching a market share of 26%

Adjusted ROAE (%)

3Q13

51.7

101.4 -4,968 bps

3Q12

Technical Reserves (R$ bn)

+44.5%

Sep/12

5.9

8.5

Sep/13

Commercialization of BB Seguridade’s products in BB’s retail banking base

BB’s client

Gross premium

Reimbursement

of costs /

expenses

Banking service fees

BB Corretora

Brokerage

Commercialization process

Brasilprev

Brasilcap

SH1

SH2

BB Corretora

The brokerage businesses consist in intermediating the sale of insurance products between the insurance company and clients.

Due to the intermediation services, the broker receives a commission, which is calculated as a % of the value of the premium.

There are no direct underwriting risks involved.

Brokerage

BB Corretora The predominance of sales through the bancassurance channel boosted the growth of

brokerage revenues and net margin

Brokerage Revenues (R$ mm) Revenues Breakdown 3Q12 vs 3T13

Adjusted Net Income (R$ mm) Performance (R$ mm)

+28.9%

3Q13

425.5

3Q12

330.0

217.8

161.0

3Q13

+35.3%

3Q12

Other

55.4%

18.7%

SH2

SH1

Brasilprev

Brasilcap

0.5% 10.0%

15.4%

13.9%

Brasilcap

SH1

10.8%

SH2

20.3%

Other

51.3%

Brasilprev 3.7%

3Q12 3Q13

x

3Q12 3Q13

Brokerage Revenues 330.0 425.5

Operating Result 243.7 318.6

Adjusted Net Income 161.0 217.8

Net Margin 48.8% 51.2%

Apresentação Institucional

Março 2013

Contacts:

Investor Relations

SBS – Quadra 1 – Bloco A – Ed. Sede I – 4º andar 70.073-900 – Brasília, DF

Tel: +55 (61) 3102-5771

www.bancodobrasilseguridade.com.br ri@bbseg.com.br