Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA
Grupo de Inversiones Suramericana — Q3 2023 Earnings Presentation
22 slides from Grupo de Inversiones Suramericana's earnings presentation, Nov 1, 2023
Slide 1: Quarter Results Presentation Grupo SURA 3Q 2023
Quarter Results Presentation Grupo SURA 3Q - 2023
Slide 2: Disclaimer
The forward-looking statements contained herein are based on Management’s current forecasts and outlook, which have been made under assumptions and estimates of the management of the Companies and may present variations. For better illustration and decision-making, figures for Suramericana, SURA Ass
Slide 3: Language selection
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Slide 4: Results for the quarter show positive operating performance
Operating results Results for the quarter show positive operating performance • Ingresos acumulados creciendo 28% alcanzando COP 26.5 Bn (+5.8 Bn vs 2022) • Utilidad operativa crece un 45% para ubicarse en 3.4 Bn Progress on the We are making progress on all fronts to meet the established deadlines.
Slide 5: Specific transactions and circumstances that hinder comparison
Associated with specific transactions and circumstances that generate difficulties in the comparison 1 Higher average devaluation of the Colombian peso against the rest of the currencies in the region. 2 Consolidation of Protection in the consolidated financial statements 3 Effects associated with t
Slide 6: Operating profit up 45% to September
Operating profit up 45% to September Reflecting a positive evolution of Grupo SURA's investment portfolio TOTAL REVENUES OPERATING PROFIT +28% +45% 3,420 26,498 20,740 2,358 Sept 22 Sept 23 Sept 22 Sept 23 CONTROLLING NET INCOME CONTROLLING NET INCOME LTM +35% +68% 3,000 2,565 3,00 0 2,5 00 -18% 41
Slide 7: ESG ratings: strengths and challenges
Participating in these evaluations is an opportunity to understand what we are doing well and what we can do better to contribute to the harmonious development of Latin America. Rating Highest • Carbon footprint management 2020 2021 2022 2023 Peer comparison agency rating Strengths • Sustainable inv
Slide 8: Suramericana
» s uramericana — 2023 AW
Slide 9: Net income as of September grew 71%
Net income as of September grew 71%. With impacts in the quarter associated with the sale of Argentina and El Salvador and higher loss experience in EPS WRITTEN PREMIUMS TECHNICAL RESULT 18% 1% 20,847 Claims ratio.* 17,698 7% 1,192 1,207 14% 6,265 7,141 418 73.4% 391 vs 72.5% Sept 2022 3T22 3Q22 3T2
Slide 10: Life segment presents 12% growth in premiums
Life segment presents 12% growth in premiums Along with lower claims and higher investment income vs. 3Q 2022 Investment income 600 Increased 12% in the quarter driven mainly Premiums 540 by ARL, healthcare solution and new 498 businesses in Chile 500 367 368 400 346 Reached 63.8% in the quarter, de
Slide 11: Property and casualty net income increases 108% in the quarter
Property and casualty net income increases 108% in the quarter Reflecting improved claims ratio in the voluntary auto business and higher investment income Retained Claims Ratio Voluntary Vehicles Presents 8% growth in 3Q due to lower Premiums 80.0% SOAT and Mexico dynamics Annual Quarter 75.0% 74.1
Slide 12: Health Care segment closed the quarter with losses
Health Care segment closed the quarter with losses of COP 164 billion Affected by a higher loss ratio in the EPS that reached 106% in the quarter 200 Evolution of Health Net Income and 108% EPS Claims Ratio 25% growth for the quarter and the year, Premiums driven mainly by the increase in UPC and th
Slide 13: Net income reaches COP 433 billion
Net income reaches 433 billion With better performance of the Life and Property and Casualty segment 284 billion Var. +112% 179 billion Insurance + 534 mil MM Var. +71% El Salvador, Argentina + other Figures in COP billions Administrative expenses include administrative expenses, fees and amortizati
Slide 14: SURA AM 3Q 2023
SURA AM 3Q - 2023
Slide 15: Controlling net income reaches COP 645 billion
Controlling net income reaches COP 645 billion Reflecting improved operating performance of the Savings and Retirement segment and higher yields on reserve requirements COMMISSION INCOME OPERATING EXPENSES +17% Yield Sept23 ** +13% +4% +7% 3,075 +4% 2,632 +2% 2,050 +1% 2,308 3.8% -1% VS -9.5% 3Q22 9
Slide 16: Savings and retirement segment shows positive operating dynamics
Savings and retirement segment shows positive operating dynamics Associated with growth in base salary, expense control and improved investment returns in the year to date Salary Base (COP Bn) FX neutral Increased 10.6% vs 3Q22 due to higher AUM +10.5% contributions and recovery in yields 50.0 46.3
Slide 17: Voluntary segment continues to face a challenging environment
The Voluntary segment continues to face a challenging environment Due to lower commission rates associated with changes in the product and portfolio mix, which we seek to mitigate with strict expense control. AUM (COP Tn) FX neutral Increased 23.9% due to higher net aum flow +23.9% AUM and recovery
Slide 18: Controlling interest net income increases by COP 499 billion
Controlling interest net income increases by COP 499 billion Driven by positive performance of the Savings and Retirement segment 499 mil MM Figures in COP billions Operating expenses include operating and administrative expenses, selling operating expenses and acquisition costs. Other includes the
Slide 19: Grupo SURA 3Q 2023
Grupo SURA 3Q - 2023
Slide 20: Equity method decreases compared to 3Q 2022
Equity method decreases compared to 3Q 2022 Due to the non-recognition of Nutresa as of this period and, to a lesser extent, the decrease in Bancolombia’s net income BANCOLOMBIA GRUPO ARGOS GRUPO NUTRESA -8% 399 365 +24% 78 33 27 41 3Q22 3T22 3Q23 3T23 3Q22 3T22 3Q23 3T23 3Q22 3T22 3Q23 3T23 Nutresa
Slide 21: Recurring net income grew 35%
Recurring net income grew 35%. Reflecting good investment portfolio performance RESULTS EXCLUDING NON-RECURRING ITEMS Controlling Net Income + 35% COP 2.7 Trillion +165% -9% +411% +71% Deferred Non- Impactos Adjusted no GIS Admin. GIS Controlling recurrentes Suramericana Sura AM Bancolombia Grupo Ar
Slide 22: Adjusted ROE moves towards value creation
Adjusted ROE moves towards value creation Bolstered by improved performance of the investment portfolio Adjusted ROE 3, 000.0 13.0% 11.0% 11.0% 9.9% 2, 500.0 9.7% 9.1% 9.0% 2, 000.0 7.9% 7.0% 1,500.0 5.0% 1,000.0 3.0% 2.0% 500.0 1.0% 0.0 -1.0% 2018 2019 2020 2021 2022 Sept23 Sept23 LTMU12M U12M *ROE
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