Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q3 2025 Earnings Presentation
27 slides from Grupo De Inversiones Suramericana's earnings presentation, November 2025
Slide 1: Grupo SURA 3Q Results Presentation
3Q Grupo SURA Results Grupo SURA Presentation Grupo financiero relevante en América Latina
Slide 2: Disclaimer
Disclaimer This document may contain forward-looking statements related to Grupo SURA and its subsidiaries, which have been made under assumptions and estimates of the management of the Companies and may present variations. For a better illustration and decision making, the figures are administrativ
Slide 3: Consolidated Results, Business Results, Strategic Focuses and Ambitions
Consolidated Results 01 Business Results 02 Strategic Focuses and Ambitions 03
Slide 4: Consolidated Results 3Q 2025
CONSOLIDATED RESULTS | 3 Q 2 0 2 5
Slide 5: YTD controlling net income of COP 2.5 trillion, of which COP 2.1 trillion recurring
YTD controlling net income of COP 2.5 trillion, of which COP 2.1 trillion are recurring. In Q3, recurring controlling net income reached an all-time high, closing at COP 867 billion. Pro-forma Controlling Net income1 COP billions YTD Quarterly 867 3,000 +47.4% 430 2,458 2,500 696 -59 2,088 2,000 501
Slide 6: Recurring controlling net income of COP 2.3 trillion LTM boosts ROE to 13.8%
Recurring controlling net income of COP 2.3 trillion in the last twelve months boosts ROE to 13.8%, reflecting the sustained progress in Grupo SURA's profitability Pro-forma financial controlling net income evolution1 COP billions 16 .0 % 13.8% CAGR 14 .0 % 2021 to 2025LTM 2,337 12 .0 % +19.8% 10 .
Slide 7: Recurring earnings per share reach COP 7,132, growth of 40.6%
Strong performance boosts recurring earnings per share to COP 7,132, with growth of 40.6% vs 2024 Recuring earnings per share1 COP 7,132 CAC 2.2% 6,144 +3 Var ‘25LTM vs ‘24 +40.6% 2 2,504 5,070 2021 2022 2023 2024 2025LTM 2 Earnings per share Financial services earnings per share Calculation of net
Slide 8: Insurance
Insurance Savings & Pension Bank
Slide 9: Pro-forma net income up 3.1% year-to-date and 23.3% in the quarter
Pro-forma net income increased 3.1% year-to-date and 23.3% in the quarter, as a result of the strong performance of the life segment, which offset the P&C segment Written premiums Underwriting result Investment income Controlling net income Pro Forma Pro Forma Pro Forma Pro Forma +4.9% +3.1% 14,447
Slide 10: Life Segment net income grew 21.7% as of September
Life Segment recorded 21.7% growth in net income as of September, explained by the improvement in underwritting results and higher returns on investment Written premiums Underwriting result Investment income Net income +12.3% 7,115 +6.0% +21.7% +44.1% Sept 2024 Sept 2025 Sept 2024 Sept 2025 Sept 202
Slide 11: P&C Segment profit continues to decline
The profit of the P&C Segment continues to show a decline, mainly explained by a deviation in the underwriting result in Panama as well as a softer voluntary car market Written premiums Underwriting result Investment income Net income -1.7% +0.9% -3.2% -44.1% Sept 2024 Sept 2025 Sept 2024 Sept 2025
Slide 12: Savings & Pension
Insurance Savings & Pension Bank
Slide 13: Operating efficiency and reserve returns drive 24.4% net income growth
Operating efficiency and higher return on reserve requirements drive 24.4% growth in accumulated net income AUM Fee and Commission Operating profit Cop Tn Income Excluding legal reserve Net Income +15.6% +10.8% +21.6% +24.4% Sept 2024 Sept 2025 Sept 2024 Sept 2025 Sept 2024 Sept 2025 Sept 2024 Sept
Slide 14: Savings and Retirement segment maintains sustained growth
Savings and Retirement segment maintains sustained growth, with fee income up 10% driven by Mexico and operating profit excluding reserve requirements up 14.2% Fee and Commission Income from legal Operating profit Income reserve excluding legal reserve +10.0% +14.2% +21.9% Sept 2024 Sept 2025 Sept 2
Slide 15: SURA Investments advances toward profitability target
SURA Investments continues to make progress in its profitability target, with a 690 basis point expansion in operating margin and 139% annual growth in operating profit AUM Fee and Commission Income Cop Tn Operating profit +16.0%* +17.2% +139.2% Sept 2024 Sept 2025 Sept 2024 Sept 2025 Sept 2024 Sept
Slide 16: Bank
Insurance Savings & Pension Bank
Slide 17: Grupo Cibest net profit of COP 5.7 tn and ROE of 18.0%
Grupo Cibest achieves a net profit of COP 5.7 tn (+23.2%) and an ROE of 18.0% as of September, leveraged on a lower cost of credit and resilient NIM Total Gross Loans Net Income Net Interest Margin +3.9% +23.2% 3Q24 4Q24 1Q25 2Q25 3Q25 Quarterly ROE Sept Sept Sept Sept 2024 2025 2024 2025 3Q24 4Q24
Slide 18: Spin-off Impact
Insurance Savings & Pension Bank
Slide 19: Impact of the spin-off project on the financial statements
Impact of the spin-off project on the financial statements Consolidated equity Controlling Net Income COP billions COP billions BV/Share COP 61,438 COP billions 3Q25 Sept 2025 26,581 Proforma net income 867 2,088 26,000 1 Grupo Argos ORI Reclassification 430 430 21,000 119 20,134 2 Pref shares liabi
Slide 20: Businesses contribute COP 2.9 trillion, growth of 19.1%
The positive evolution of the businesses translates into a contribution of COP 2.9 trillion, with a growth of 19.1% compared to September 2024 Controlling net income composition as of Sept 25 Business ContributionCOP 2.9 tn +19.1% 3,500 3,000 1,389 2,500 430 2,458 -59 -687 23 2,088 2,000 -117 -68 1,
Slide 21: Strategic Focus and Ambitions
STRATEGIC FOCUS AND AMBITIONS
Slide 22: Opportunities to continue evolving while generating value
STRENGTHEN ENHANCE FINANCIAL GROUP RETURN TO OPERATIONS SHAREHOLDERS Continue strengthening Put the customer at the Profitable growth, closing the value creation in each center and capitalize on value gap, and a competitive business. growth opportunities. dividend policy. As a Group, we identify opp
Slide 23: Financial Group: a new strategic chapter
A new strategic chapter begins under the same legacy and way of doing business: focusing to enhance our core business Regional High-quality financial businesses ecosystem Financial Group Sustainable Long-term value business practices generation
Slide 24: 2028 Ambitions
2028 Ambitions Sept 2028E 2025LTM Net income 2.3tn ~3.3tn EPS (COP) 7,132 ~ 10,000 Adjusted ROE 13.8% ~15% Net debt 7.1tn <5tn Net debt / dividends 3.2x ~2x Dividends per share (COP) 1,500 ~3,000 2028 ambitions estimated based on organic growth without extraordinary events. 24
Slide 25: Our shares have performed well relative to others
Our shares have performed well relative to others and we are positioned to continue having attractive returns Stock performance 26 0 Return from Spin-Off + 134% 1 +11% GRUPOSURA PFGRUPSURA COLCAP 22 0 Ord Pref +29% 18 0 + 84% 1 51% + P/E Multiple1 14 0 10 Ord 7.2x Pref 6.4x 60 oct-24 dic-24 feb-25 a
Slide 26: Annexes
Annexes
Slide 27: ROE Grupo SURA
ROE Grupo SURA Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 1 Elimination of the value of Grupo Argos' Balance Sheet investment recorded in Grupo SURA (reflecting Equity attributable to shareholders of the parent company 27,516 26,541 25,974 26,581 20,134 only financial transactions) Equity adjustments -10,277 -8,