Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 114

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 114
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 2018;
for Long-Term Risk Life portfolios until 2019, and for Individual Dental Health portfolios until 2020. The complete retrospective transition
approach will be used for contract cohorts issued after those dates. For contracts using the Model of Variable Fee Approach (VFA), the
fair value transition approach is used for cohorts issued until 2019, and the complete retrospective transition approach is used for contract
cohorts issued after this date. The decision to use the fair value approach was based on the unavailability of information at the necessary
granularity for the use of the complete retrospective transition approach in these portfolios.

| 95 – Reference Form – 2024 |

| 2. Officers’ notes |

Under
the fair value approach, the Contractual Service Margin (CSM) at the transition date represents the difference between the fair value
determined by the Organization and the fulfillment cash flows, which are a risk-adjusted, explicit, unbiased, and probability-weighted
estimate of the present value of future cash flows that will arise as the entity fulfills the contracts.

According
to the standard, a company can reassess the current designation of its assets measured in accordance with IFRS 9, at the initial application
date of IFRS 17, if these assets are related to insurance contracts within the scope of IFRS 17. This redesignation is based on a change
in the business model of the asset obtained through the test of Paying Only the Principal and Interest (SPPI) to protect the company from
the financial effects of this new standard.

The Organization
evaluated the effects of IFRS 17, particularly those related to changes in the discount rate applied, and reassessed its related asset
business model.

The reassessment
results from a reclassification of the business model among assets used to protect the Life and Pension and Health portfolios. In this
reclassification, the Organization decreased the value of assets measured at Amortized Cost and increased the value of assets measured
at Fair Value through Other Comprehensive Income (FVOCI). The main reason for this reclassification is the change in the methodology for
valuing insurance liabilities, which now aligns their discounts with market rates.

| b) | modified opinions and emphasis present in the auditor’s report |

There
were no caveats and no emphasis in the independent auditors’ report.

| 96 – Reference Form – 2024 |

| 2. Officers’ notes |

2.4
– Events