Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q3 2024 Earnings Presentation
23 slides from Grupo De Inversiones Suramericana's earnings presentation, Nov 1, 2024
Slide 1: Grupo SURA 3Q 2024 Results Presentation
Grupo SURA 3Q 2024 GRUPO Sura = RESULTS PRESENTATION
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: Principles of the corporate restructuring of two independent companies
GRUPO sufa W Two independent companies that are not reciprocal investors. Ensure equitable treatment of companies' CT> shareholders. Efficient and feasible in terms of financial, Cc [> legal and accounting aspects as well as execution times. Enable each of the companies to continue to deepen their s
Slide 4: Investment manager with a portfolio focused on financial services
Investment manager with a portfolio focused on financial services. 4
Slide 5: In a region that has great opportunities for expanding industries
In a region that has great opportunities for expanding industries • • • • • • 5
Slide 6: Grupo SURA is positioned to capture growth opportunities and sustainable profitability
Grupo SURA is positioned to capture growth opportunities and sustainable profitability. ∆ ROE 19-24 +3.4% +3.3% +2.6% +2.5% 6
Slide 7: Grupo SURA 3Q 2024
GRUPO SURA | 3Q 2024
Slide 8: Grupo SURA's controlling net income reaches COP 5.7 tn, close to full-year target
Grupo SURA's controlling net income reaches COP 5.7 tn, close to full-year target Operating revenues1 Operating profit1 Controlling net income1 29% 125% 336% Excl. Nutresa Sep 24: Excl. Nutresa Sep 24: Excl. Nutresa Sep 24: COP 21,963 COP 4,068 COP 2,032 Var. %: +10% Var. %: +18% Var. %: +14% Var% S
Slide 9: 12-month net income per share reaches record high
12-month net income per share reaches record high, driven by higher earnings and share repurchases Net controlling income1 | Adjusted ROE Controlling net income per share1 Controlling net income at historical highs, in line with the strategy Net income per share LTM grows 61% vs. 2023, reflecting an
Slide 10: Revaluation of the Colombian peso against the region's currencies
Revaluation of the Colombian peso against the rest of the region's currencies Variation Sep24 vs Sep23 | Commission Income Participation 2% Closing rates ( ) / Average rates ( ) 12% 35% México Chile Colombia 24% Perú Uruguay Otros** Other** 27% Written Premiums Participation 3% 2% 2% 4% 5% Colombia
Slide 11: Suramericana 3Q 2024
SURAMERICANA 3Q 2024 suramericana \W
Slide 12: Technical result increased 26% at constant rate
Technical result increased 26% at constant rate driven by profitability and operational excellence YTD Indicators YTD Quarter 12.5% Written ROE LTM Var: -0.2% Var: -1.8% premiums +6.1% ExFx +0.3% ExFx 15.5% ROTE LTM Administrative expenses1 Var: +3.9% Var: +5.8% 15.2% Administrative expenses /premiu
Slide 13: Life segment's 9% increase in local currency drives premium growth
Life segment's 9% increase in local currency drives premium growth % Var. CR %Var % Var. CR %Var Sep24 vs Sep23 Sep24 vs Sep23 3Q24 vs 3Q23 3Q24 vs 3Q23 6.1% -0.2% 0.3% -1.8% 4.3% -5.8% -5.1% -8.4% 9.0% 7.2% 8.0% 7.5% 7.7% 7.7% * 1.5% 1.5% * 13
Slide 14: Claims ratio remains stable, at 59.4% as of September
Claims ratio remains stable, at 59.4% as of September Retained claims Combined ratio | P&C Annual YTD 70.0% 65.0% 60.0% 55.0% 50.0% 45.0% Life 40.0% 35.0% 30.0% 25.0% 20.0% 60.0% 55.0% 50.0% 45.0% 40.0% P&C 35.0% 30.0% 25.0% 20.0% 70.0% 60.0% 50.0% 40.0% 30.0% Life + P&C 20.0% 10.0% 0.0% TOTA L CLAI
Slide 15: Net income as of September closed at COP 522 billion, up 41%
Net income as of September closed at COP 522 billion, an increase of 41%, reflecting the company's capacity to generate profits. COP 748 billion NI 2023 +7% -89% COP 371 -9% +41% -27% Admin Life P&C Health* Interest Other** Pro forma net Deconsolidation Net income expenses income Sep24 effects *** S
Slide 16: SURA Asset Management 3Q 2024
sura > ASSET MANAGEMENT. SURA AM | 3Q 2024 r J
Slide 17: SURA AM's net income grows 72% in constant exchange rate
SURA AM's net income grows 72% in constant exchange rate driven by better operating performance and higher return on reserve requirements YTD Quarter YTD Indicators Commission income Var: -1.3% +11.4% ExFx Var: +6.2% +12.9% ExFx 11.3% ROE LTM Operating Var: -4.4% Var: -2.4% 30.8% expenses +6.6% ExFx
Slide 18: Fee and commission income shows double-digit growth in both segments
Fee and commission income shows double-digit growth at constant rates in both segments Commission generating variables Commission income | Sep24 VS Sep23 Commission generating AUM (COP Tn) Salary Base (COP Tn) % Var. CR %Var Sep24 vs Sep23 Sep24 vs Sep23 25%* 300 140.0 7%* 250 120.0 11.4% -1.3% 100.
Slide 19: Cash reserve revenues reflect an annualized yield of 13.3%
Cash reserve revenues reflect an annualized yield of 13.3% and show good market performance Savings and retirement reserve income Operating profit | Sep24 VS Sep23 YTD Quarter % Var. TC %Var Yield1 13.3% Yield1 25.4% Sep24 vs Sep23 Sep24 vs Sep23 311%* 44.1% 26.1% 82.0% 4.4% Var% Sep24 vs Sep23 in c
Slide 20: Growth in all segments led controlling net income to COP 881 billion
Growth in all segments led controlling interest net income to reach COP 881 billion, up 72% in constant exchange rate. +35% +202% +47% +72% Savings and SURA Corporate Continued Discontinued Minority Controlling net Annuities & Net financial Other* retirement Investments Operating operations operatio
Slide 21: Grupo SURA 3Q 2024
GRUPO SURA | 3Q 2024
Slide 22: Equity method grew 17.4% as of September
Equity method grew 17.4% as of September due to higher contribution from Grupo Argos and stability at Bancolombia YTD Quarter -1.4% +0.6% +239.2% -1.5% Accumulated equity method Quarterly equity method COP 1.7 tn COP 399 billion +17.4% vs Sep 23 22
Slide 23: Adjusted controlling interest net income reached COP 2.0 billion
Adjusted controlling interest net income reached COP 2.0 billion Composition of controlling net income Var. % 1,128 -1% 620 239% Otros -8 NA M Interest ntereses Admin expense. tros 1 Nutresa sale dad enta de Controlling net Controlling Controlling net Suramericana SURA AM Equity method Other Adjuste