GamaLife announces half year net profits of €27.9m and a solvency ratio of 273%

Lisbon, 3 September 2026

GamaLife closed the first half of 2026 with unaudited IFRS net profits of 27.9 million euros, compared with 18.5 million euros in the previous year.

The Company’s pre-tax result was 30.9 million euros for H1 2026, compared with 30.8 million euros for H1 2025.

Shareholders equity totalled 219 million euros, a decrease of 40 million euros since December, reflecting the profit for the period offset by the previously announced dividend payment of 70 million euros.

The Company reported total production of 223 million euros for the first six months of the year reflecting a 4.6% decrease over the same period of last year, mainly due to the postponement to July of the launch of a new savings product in Portugal.

Unrestricted Tier 1 capital increased by 23 million euros to 562 million euros¹ in the six months to 30 June 2026, with the capital generation of the business partially offset by 14 million amortisation of transitional measures².

¹ UT1 excluding pro-rata accrual of anticipated 2026 dividend. The reported UT1 is €542m.
² The technical provisions of GamaLife include a pre-tax transitional deduction of €134.5m as of FY2025 and €116.0m as of 1H 2026. The Solvency II Transitional Measure on Technical Provisions measure amortise linearly and expires on 31 December 2032

Find the full Press Release HERE

For more information, see www.gamalife.pt or contact:
Hugo Real | hugo.real@h-advisors.global | 927 997 948 (Press) 
Lourenço Galvão | lourenco.galvao@h-advisors.global | 910 127 228 (Press)
investors@gamalife.pt (Investors)