XP Inc. Reports 3Q23 KPIs - Seite 2

4. CREDIT

Credit Portfolio⁴ (in R$ billion)
Total Credit portfolio reached R$19.9 billion as of September 30th, expanding 11% QoQ and 22% YoY. The average maturity of our credit book was 2.8 years, with a 90-day Non-Performing Loan (NPL) ratio of 0.1%. These figures already include R$0.9 billion from Modal’s Credit Portfolio.

5. INSURANCE

Active Policies (in ‘000s)
Insurance active policies, that include whole and term life insurance products distributed on our platform, totaled 50 thousand, an increase of 45% YoY and was stable QoQ.

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1 Daily Average Trades, including Stocks, Listed Funds, Options and Futures.
2 Total Retirement Plans Clients’ Assets includes assets from XP Vida e Previdência (XPV&P) and from third party funds distributed in our platform.
3 Credit and Debit Cards (Debit starting on 3Q22).
4 From 3Q22 onwards, the credit portfolio is disclosed gross (versus previously net) of loan loss provisions, also retroactively, not including Intercompany transactions and Credit Card related loans and receivables.}

Non-GAAP Measures
This release includes certain non-GAAP financial information We believe that such information is meaningful and useful in understanding the activities and business metrics of the Company’s operations. We also believe that these non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s business that, when viewed with our International Financial Reporting Standards results, as issued by the International Accounting Standards Board, provide a more complete understanding of factors and trends affecting the Company’s business. Furthermore, investors regularly rely on non-GAAP financial measures to assess operating performance and such measures may highlight trends in the Company’s business that may not otherwise be apparent when relying on financial measures calculated in accordance with IFRS. We also believe that certain non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties in the evaluation of public companies in the Company’s industry, many of which present these measures when reporting their results. The non-GAAP financial information is presented for informational purposes and to enhance understanding of the IFRS financial statements. The non-GAAP measures should be considered in addition to results prepared in accordance with IFRS, but not as a substitute for, or superior to, IFRS results. As other companies may determine or calculate this non-GAAP financial information differently, the usefulness of these measures for comparative purposes is limited.