Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q4 2015 Earnings Presentation
26 slides from Grupo De Inversiones Suramericana's earnings presentation, 2016
Slide 1: 4Q 2015 Results Presentation
4Q 2015 RESULTS PRESENTATION GRUPO SURA 1
Slide 2: Disclaimer
DISCLAIMER the forward-looking statements contained herein are based on 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 accountant, and therefore may differ f
Slide 3: Agenda
AGENDA RESULTS PRESENTATION GRUPO SURA CONSOLIDATED RESULTS SURAMERICANA INSURANCE AND RISK MANAGEMENT SURA ASSET MANAGEMENT PENSIONS, SAVINGS AND ASSET MANAGEMET 3
Slide 4: Grupo SURA Consolidated Results
GRUPO SURA CONSOLIDATED RESULTS 4Q 4
Slide 5: Statement of Financial Position: Assets
STATEMENT OF FINANCIAL POSITION Consolidated 55.5 47.2 ASSETS SHAREHOLDER’S EQUITY 29.5 22.3 LIABILITIES 25.0 26.1 2014 2014 2015 2015 ASSETS dec-15 Var. $Bn %Change +8.3 Bn Investments 21.7 5.3 32.7% dec-14 47.2 17.6% Goodwill 4.3 0.5 14.3% Identified intangible assets 3.9 0.4 12.6% Investments in
Slide 6: Statement of Financial Position: Liabilities and Equity
STATEMENT OF FINANCIAL POSITION Consolidated LIABILITIES dec-15 Var. $Bn %Change Other financial liabilities 2.6 1.5 136.4% dec-14 22.3 Technical reserves 18.9 4.6 32.0% +7.2 Bn 32.5% Issued securities 3.6 0.6 20.4% Main variations 6.7 dec-15 29.5 TOTAL EQUITY dec-14 25.0 +1.1 Bn 4.4% dec-15 26.1 Fi
Slide 7: Financial Debt
STATEMENT OF COMPREHENSIVE INCOME Financial DEBT FINANCIAL LIABILITIES dec-14 4.1 51.6% dec-15 6.3 BREAKDOWN BY TYPE OF DEBT DEBT BREAKDOWN BY COMPANY Preferred dividends 3.3% Other subsidiaries 1.3% Derivatives 4.1% Suramericana 8.9% Banks and repos 37.9% Grupo SURA Bonds 44.2% SURA AM 54.7% 45.6%
Slide 8: Statement of Comprehensive Income
STATEMENT OF COMPREHENSIVE INCOME Consolidated dec-15 Var. $ %Var Retained premiums (net) 7.5 1.6 26.7% Commission income 2.0 0.4 28.2% +2.2 Bn dic.-14 11.7 Revenues on services rendered 2.0 0.3 21.3% TOTAL 18.9% Investment income 1.4 (0.0) -3.5% REVENUES Revenues via equity method 0.8 (0.2) -19.7%
Slide 9: Shareholders
SHAREHOLDERS SHAREHOLDERS (COMM+PREF) SHAREHOLDERS (COMM) 10.0% 8.5% Grupo Argos and subsidiaries 5.2% 3.9% 29.2% Grupo Nutresa 35.3% Colombian Pension Funds 19.9% 20.5% International Funds Retail Investors 10.3% Institutional Investors 24.7% 19.7% 12.7% Outstanding Ord. Shares: 469,037,260 Outstand
Slide 10: Stock Evolution
STOCK EVOLUTION 105 100 95 90 89.25 88.10 85 80 76.25 75 70 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 PFGRUPSURA GRUPOSURA COLCAP 31-dic-15 % Annual Var* % YTD Var* 31-dic-14 31-dic-14 GRUPOSURA (Pesos) 35,700 -10.8% -10.8% 40,000 40,000 PFGRUPSURA (Pesos) 34,800 -11.9% -11.9% 39,500 39,500 C
Slide 11: Investment Portfolio
INVESTMENT PORTFOLIO Other 0.5% Grupo Argos 15.8% Bancolombia 22.8% 23.6 Grupo Nutresa 15.6% COP BILLION* DECEMBER 2015 Sura Asset Suramericana Management 18.4% 26.9% Including their commercial value pursuant to accountant standards and the stakes held NOTE: Considering Suramericana at 2x P/BV and S
Slide 12: Suramericana Consolidated Results
SURAMERICANA CONSOLIDATED RESULTS 4Q 13
Slide 13: Suramericana Consolidated Figures
SURAMERICANA Consolidated figures dec-15 Var. $ %Var dic.-14 6.6 Retained premiums (net) 5.0 0.7 16.1% +1.06 Bn Revenues on services rendered 1.8 0.3 21.8% TOTAL 16.0% Investment income 0.6 (0.0) -1.7% REVENUES Main variations 1.0 dic.-15 7.7 6.0 6.2 6.4 6.6 6.8 7.0 7.2 7.4 7.6 7.8 dec-15 Var. $ %Va
Slide 14: Segments
SEGMENTS Main figures LIFE NON LIFE dec-15 $ Var. %Var Dec-15 $ Var. %Var Retained premiums (net) 3,479 381 12.3% Retained premiums (net) 1,537 317 25.9% Investment income 458 (7) -1.5% Investment income 108 (16) -12.6% Retained claims (1,930) (201) 11.6% Retained claims (782) (156) 24.8% Adjustment
Slide 15: Life Insurance Segment
LIFE INSURANCE SEGMENT Premiums and claims ratio Premiums Retained Premiums Retained Claims Ratio dec-15 %Var dec-15 %Var dec-15 dec-14 Life 654,892 13.6% 577,462 11.8% 22.3% 25.3% Group Life 556,672 17.2% 547,133 18.0% 27.7% 31.2% Pension 609,603 4.3% 590,406 4.9% 98.0% 90.9% Health 744,975 16.9% 7
Slide 16: Non-Life Insurance Segment
NON-LIFE INSURANCE SEGMENT Premiums and claims ratio Premiums Retained Premiums Retained Claims Ratio dec-15 %Var dec-15 %Var dec-15 dec-14 Auto 897,802 28.2% 865,733 28.6% 60.0% 60.5% Fire 480,301 12.9% 80,628 14.7% 34.5% 21.6% Mandatory road accident 328,846 20.8% 286,777 25.8% 46.5% 50.8% Other 6
Slide 17: Health Care Segment
HEALTH CARE SEGMENT Premiums and claims ratio Services rendered Costs of services Claims Ratio dec-15 %Var dec-15 %Var dec-15 dec-14 EPS 1,622,873 23.1% 1,521,503 24.7% 93.8% 92.6% IPS 317,164 16.3% 220,399 17.9% Dinámica 173,663 11.1% 120,822 9.8% Total 2,113,700 21.0% 1,862,723 22.8% 18
Slide 18: SURA Asset Management Consolidated Results
SURA ASSET MANAGEMENT CONSOLIDATED RESULTS 4Q 19
Slide 19: SURA Asset Management Consolidated Figures
SURA ASSET MANAGEMENT Consolidated figures dec-15 Var. $ %Change +1.33 Bn Retained premiums (net) 2.5 0.9 54.3% dic.-14 3.9 Commission income 1.8 0.4 27.7% TOTAL 33.9% Investment income 0.7 0.0 5.0% REVENUES Revenues via equity method 0.1 (0.0) -23.0% Main Variations 1.3 dic.-15 5.2 0.0 1.0 2.0 3.0
Slide 20: Segments
SEGMENTS Main figures MANDATORY VOLUNTARY dec-15 $ Var. %Change dec-15 $ Var. %Change Commission income 1,654 335 25.4% Commission income 144 47 48.9% Investment income 103 (64) -38.3% Investment income 4 (2) -33.0% Equity method 83 (28) -25.5% Equity method 14 (1) -5.1% Administrative expense (705)
Slide 21: Mandatory Pension: Main Figures
MANDATORY PENSION Main figures COMMISSION INCOME ENCAJE 23.9% 26.7% 25.0% 25.9% 25.4% 3.6% 10.2% 2.2% 7.9% 6.1% -37.5% -98.5% -24.9% 41.3% -51.2% 1,654.0 -47.8% -98.7% -38.6% 21.0% -58.9% 1,319.0 149.3 700.8 86.3 72.8 519.8 553.0 54.0 419.7 294.6 368.2 40.6 20.0 15.0 3.3 51.7 65.2 0.6 2.3 Chile Méxi
Slide 22: Mandatory Pension: Market Figures
MANDATORY PENSION Market figures ASSETS UNDER MANAGEMENT FUND MEMBERSHIP (MM) (COP BILLON) 19.0% 19.2% 22.2% 26.3% 8.5% 41.8% 18.0% 5.5% 5.9% 7.0% 8.5% 7.8% 6.8% -2.8% 0.9% -0.8% 2.0% 3.8% 5.3% 1.4% 18.1% 289.6 245.5 15.53 15.75 93.5 6.09 6.15 78.6 56.6 67.4 59.1 64.1 3.904.05 37.5 45.8 1.81 1.76 2.
Slide 23: Voluntary Savings Segment: Main Figures
VOLUNTARY SAVINGS SEGMENT Main figures COMMISSION INCOME OPERATING AND ADMINISTRATIVE EXPENSE 50.6% 38.2% 69.4% 36.7% 46.5% 66.4% 37.5% 15.6% 234.8% 48.9% 25.9% 20.2% 38.6% 17.1% 24.4% 177.7 39.1% 19.6% -5.5% 186.8% 26.6% 143.7 121.3 96.5 70.9 62.3 79.0 70.0 42.6 45.3 52.5 50.6 9.6 11.7 19.8 9.0 8.3
Slide 24: Voluntary Savings Segment: Market Figures
VOLUNTARY SAVINGS SEGMENT Market figures ASSETS UNDER MANAGEMENT CLIENTS (COP THOUSAND MILLON) (THOUSAND) 33.7% 26.8% 36.7% 138.6% 4.0% 23.2% 23,271 5.0% 26.5% 5.9% 203.5% -0.4% 7.1% 842 18.5% 12.7% 19.6% 123.1% 4.0% 12.7% 786 18,888 10,271 363 381 8,098 267 266 6,372 5,0125,211 4,766 120 152 977 1,
Slide 25: Insurance Segment
INSURANCE SEGMENT Main figures TOTAL PREMIUMS ADJUSTMENTS TO RESERVES 60.8% 29.6% 41.0% 51.5% 62.5% 15.6% 45.5% 52.0% 34.4% 12.6% 15.4% 27.0% 2,588 35.9% 0.5% 19.0% 27.3% 2,178 1,742 1,709 1,540 1,433 1,083 948 308 399 318 448 374 229 264 257 Chile México Perú Total Chile México Perú Total RETAINED
Slide 26: www.gruposura.com.co
www.gruposura.com.co CEO: DAVID BOJANINI CFO: IGNACIO CALLE IR Director: JUAN CARLOS GOMEZ IR Specialist: MARIA ADELAIDA OCHOA E-mail: ir@gruposura.com.co Phone: (574) 4355941 GRUPO SURA App Para dispositivos móvil (App Store – Google Play) 27