Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA
Grupo de Inversiones Suramericana — Grupo SURA — Q2 2021 Earnings Presentation
20 slides from Grupo de Inversiones Suramericana's earnings presentation, August 2021
Slide 1: Results Presentation Grupo SURA 2Q-2021
Results Presentation GRUPO SURA 2Q - 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: Financial Results 2Q 2021 recovering better than expected
Financial Results 2Q 2021 recovering better than expected FINANCIAL RESULTS STRATEGIC RELEVANCE VALUE CREATION Total revenues growth Adding value for shareholders + Share Buyback Doble digit growth for the year in harmonious development Efficient capital allocation premiums and commissions, with a b
Slide 6: Outstanding net income for the quarter
Outstanding net income for the quarter Explained 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 5.2 jun-21 jun-20 Var$ Var% 4.4 4.6 Written premiums 9,998 9,072 926 1
Slide 7: Positive quarter for the equity method
Positive quarter for the equity method Due to better results from Bancolombia, Grupo Argos, and Protección 500 EQUITY METHOD 409 400 332 Accumulated Quarterly 300 jun-21 jun-20 Var% 2Q2021 2Q2020 Var% Bancolombia 416 64 548.5% 283 -18 200 Grupo Argos 36 -18 29 -14 100 58 Grupo Nutresa 130 116 12.3%
Slide 8: Operating expenses as a percentage of revenues have decreased
Operating expenses as a percentage of revenues have decreased Due to efficient expense control in Grupo SURA, Suramericana and SURA AM CONSOLIDATED OPERATING EXPENSES Accumulated Quarterly jun-21 jun-20 Var% 2Q2021 2Q2020 Var% Suramericana 3,319 3,349 -0.9% 1,701 1,728 -1.6% SURA AM 923 876 5.4% 476
Slide 9: Quarterly increase in net income
Quarterly increase in net income Mainly driven by the good result of the equity method CONTRIBUTION TO CONSOLIDATED NET INCOME Accumulated Quarterly jun-21 jun-20 Var% 2Q2021 2Q2020 Var% Suramericana (1) 293 10 186 -94.7% SURA AM 305 120 154.0% 189 250 -24.2% Equity Method Grupo SURA 581 152 282.0%
Slide 10: Suramericana
SURAMERICANA
Slide 11: Premium growth and expense control
Premium growth and expense control Partially mitigate the elevated COVID claims experienced during the year jun-21 jun-20 Var% WRITTEN PREMIUMS RETAINED CLAIMS Written premiums 9,731 8,785 10.8% % Retained earned premiums Retained premiums 8,126 7,290 11.5% 67% 67% 70% 71% Adjustments to reserves 16
Slide 12: Positive net income for the quarter
Positive net income for the quarter Even with higher impacts from COVID CONTRIBUTION TO NET INCOME BY SEGMENT Accumulated Quarterly jun-21 jun-20 Var% 2Q2021 2Q2020 Var% Life 38 231 -83.4% (10) 108 0.0% P&C 30 166 -81.8% 40 163 -75.3% Health Care 25 1 2445.6% 24 (15) 0.0% Operating Expenses* (48) (4
Slide 13: Life segment continues to focus on expense control
Life segment continues to focus on expense control To mitigate the increase in claims due to COVID WRITTEN PREMIUMS INCREASING OCCUPATIONAL RISK PREMIUMS REFLECT GOOD PERFORMANCE 1.4 1.5 1.5 434 1.4 398 1.3 72% Var 2Q2021: 65% 67% 68% +17.6% 337 50% 71.8% 72.5% 59.6% 2Q2020 3Q2020 4Q2020 1Q2021 2Q20
Slide 14: P&C returns to positive figures
P&C returns to positive figures With a recovery of the car solution during the quarter PREMIUMS AND CLAIMS REMAIN STABLE STABILITY ON EXPENSES AS A PERCENTAGE OF REVENUES 2.5 2.1 2.1 2.2 27% 27% 27% 1.9 21% 50% 51% 53% 51% Var 2Q2021: 18% 18% +1.0% 42% 8% 9% 9% 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 2Q2
Slide 15: Health care segment evidences an accelerated increase in written premiums
Health care segment evidences an accelerated increase in written premiums Which allows it to have a positive net income even with high quarterly COVID impacts GROWTH IN WRITTEN PREMIUMS EXPENSE CONTROL AND LOWER CLAIMS 91.2% 89.6% 90.9% 1.9 89.0% 1.7 85.6% 1.5 1.5 1.3 9.9% 9.1% 10.7% 7.5% 8.1% 2Q202
Slide 16: SURA Asset Management
SURA ASSET MANAGEMENT
Slide 17: Significant increase in operating revenues
Significant increase in operating revenues With commissions of A&I + IM and APR experiencing double digits increases against 2Q2020 COMISSION INCOME OPERATING EARNINGS OPERATING EARNINGS EXC. ENCAJE* jun-21 jun-20 Var$ Var% 475 Commission income 1,285 1,116 169 15.2% 637 664 Income from legal reserv
Slide 18: Retirement savings segment
Retirement savings segment Significant increase in commission income, due to growth in AUM and recovery of the salary base in the region TOTAL AUM (COP TN) CONTINUE TO GROW COMMISSION INCOME GROWING AT DOUGLE DIGITS 542 562 527 500 466 Total: (+20.7%) 480 480 457 457 281 437 288 258 AUM-based: (+20.
Slide 19: Inversiones SURA + Investment Management
Inversiones SURA + Investment Management Accelerated growth and profits for another quarter RELEVANT GROWTH IN AUM +28% YTD NET FLOW CONTINUES POSITIVE DESPITE THE REGION’S UNCERTAINTY 72 71 2.9 65 67 2.1 1.9 58 1.5 (1.2) 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 Flujo Ne
Slide 20: CEO, CFO and Investor Relations contacts
CEO: GONZALO PÉREZ CFO: RICARDO JARAMILLO Investors and Capital Markets Managing Director CARLOS EDUARDO GONZALEZ cegonzalezt@gruposura.com.co Investors and Capital Markets Director DANIEL MESA dmesa@gruposura.com.co (574) 3197039 PA R A C O N O C E R I N F O R M E S C L I C A Q U Í