Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA
Grupo de Inversiones Suramericana — Grupo SURA — Q3 2021 Earnings Presentation
20 slides from Grupo de Inversiones Suramericana's earnings presentation, November 2021
Slide 1: Results Presentation Grupo SURA 3Q-2021
Results Presentation GRUPO SURA 3Q - 2021
Slide 2: Disclaimer
The forward-looking statements contained herein are based on DISCLAIMER Management’s current forecasts and outlook. For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accounting, and therefore may differ fr
Slide 3: Language selection / Webcast
Selección de idioma / Language selection Webcast To change the audio language, click the player settings icon. Para cambiar de idioma, haga clic en icono configuración del reproductor de video.
Slide 4: Grupo SURA
GRUPO SURA
Slide 5: Consolidated results better than expected, approaching pre-pandemic levels
Consolidated results better than expected, approaching pre-pandemic levels RESULTADOS FINANCIEROS RELEVANCIA ESTRATEGIA STRATEGIC RELEVANCE AND VALUE FINANCIAL RESULTS CREATION Positive commercial dynamic Net profit closer to 2019 than 2020, even Share repurchase with non-recurring impacts Efficient
Slide 6: Positive trend to net income for the quarter
Positive trend to net income for the quarter Driven by the growth in premiums, commissions, improvement of the equity method and expense control EVOLUTION IN PREMIUMS AND COMISSIONS C O N S O L I D AT E D I N C O M E S TAT E M E N T 5.9 sep-21 sep-20 Var$ Var% 4.9 4.5 Written premiums 15,881 13,954
Slide 7: Positive dynamism for the equity method
Positive dynamism for the equity method Due to better results from Bancolombia, Grupo Argos, Nutresa and Protección EQUITY METHOD Accumulated Quarterly sep-21 sep-20 Var% 3Q2021 3Q2020 Var% Bancolombia 647 133 387.8% 231 68 237.2% Grupo Argos 52 -26 16 -7 Grupo Nutresa 170 166 2.3% 40 50 -20.8% Prot
Slide 8: Operating expenses as a percentage of revenues continue decreasing
Operating expenses as a percentage of revenues continue decreasing Efficiencies and expense control of companies have allowed the indicator to improve QUARTERLY EVOLUTION OF OPERATING EXPENSES CONSOLIDATED OPERATING EXPENSES 46.6% 46.8% Accumulated Quarterly 42.4% sep-21 sep-20 Var% 3Q2021 3Q2020 Va
Slide 9: Quarterly increase in net income
Quarterly increase in net income Mainly driven by the good result of the equity method and SURA AM CONTRIBUTION TO CONSOLIDATED NET INCOME Accumulated Quarterly sep-21 sep-20 Var% 3Q2021 3Q2020 Var% Suramericana 4 302 -98.7% 5 9 -49.8% SURA AM 525 257 104.1% 220 137 60.4% Equity Method Grupo SURA 86
Slide 10: Suramericana
SURAMERICANA
Slide 11: Upstanding commercial dynamic continues
Upstanding commercial dynamic continues With positive net income WRITTEN PREMIUMS RETAINED CLAIMS % Retained earned premiums sep-21 sep-20 Var% 5.7 67% 68% 71% 71% 70% 5.2 5.1 Written premiums 15,435 13,498 14.4% 4.7 4.6 686 Retained premiums 12,905 11,091 16.4% Adjustments to reserves 90 91 -1.6% 4
Slide 12: Net income for the quarter
Net income for the quarter Affected by higher claims in the Property and Casualty segment and Health Care provision CONTRIBUTION TO NET INCOME BY SEGMENT Accumulated Quarterly sep-21 sep-20 Var% 3Q2021 3Q2020 Var% Life 131 197 -33.5% 93 (34) 0.0% P&C 23 223 -89.6% (7) 57 -112.1% Health Care (3) 16 -
Slide 13: Life segment showed a recovery this quarter
Life segment showed a recovery this quarter Together with a double digit increase in written premiums WRITTEN PREMIUMS GROWTH WORKERS COMPENSATION PREMIUMS 1.7 1.4 1.5 1.5 458 1.4 72% Var 3Q2021: +15.3% 71.8% 67% 68% 66.4% 65% 65% 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 1Q2020 3Q2020 1Q2021 3Q2021 Writte
Slide 14: Premium growth in Property and Casualty segment
Premium growth in Property and Casualty segment Which contrasts with a higher claims rate from the car solution PREMIUMS AND CLAIMS INCREASING DECREASE ON EXPENSES AS A PERCENTAGE OF REVENUES 2.5 25% 26% 2.3 24% 24% 23% 2.1 1.9 2.2 Var 3Q2021: 19% 18% 19% 19% 17% 55% +8.0% 50% 51% 53% 51% 14% 13% 12
Slide 15: Health Care segment evidences an accelerated increase in written premiums
Health Care segment evidences an accelerated increase in written premiums Altogether with with an impact from the provision made during the quarter in the Health Benefit Plan GROWTH IN WRITTEN PREMIUMS EXPENSE CONTROL 92.1% 90.8% 90.3% 88.8% 88.3% 2.1 10.7% 1.9 9.1% 7.5% 8.1% 1.5 1.5 1.7 6.8% 3Q2020
Slide 16: SURA Asset Management
SURA ASSET MANAGEMENT
Slide 17: Increase in operating revenues
Increase in operating revenues With commissions from segments experiencing double digit growth COMISSION INCOME OPERATING EARNINGS OPERATING EARNINGS EXC. ENCAJE* sep-21 sep-20 Var$ Var% 377 Commission income 1,969 1,701 268 15.8% 684 312 637 664 292 291 284 Income from legal reserves 51 77 (26) -34
Slide 18: Retirement Savings segment continues with a good performance
Retirement Savings segment continues with a good performance Mainly driven by an increase in commission income, due to recovery of the salary base in the region TOTAL AUM (COP TN) CONTINUE TO GROW COMMISSION INCOME GROWING FOR THE QUARTER 562 578 542 527 Total: (+15.6%) COP 500 480 480 (+8.8%) LC 45
Slide 19: Fourth consecutive quarter with positive results for Inversiones SURA + IM
Fourth consecutive quarter with positive results for Inversiones SURA + IM With accelerated revenue growth AUM GROWTH POSITIVE NET FLOW FOR THE QUARTER 72.3 70.9 71.4 66.9 2.9 65.2 1.9 1.5 0.6 (1.2) 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 AUM (COP bn) Net Flow (COP bn)
Slide 20: Investor relations contacts
Investors and Capital Markets Managing Director Investors and Capital Markets Managing Specialist CARLOS EDUARDO GONZALEZ MARIA ALEJANDRA DUQUE cegonzalezt@gruposura.com.co maduque@gruposura.com.co Investors and Capital Markets Director Investors and Capital Markets Managing Analyst DANIEL MESA JULI