Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA
Grupo de Inversiones Suramericana — Grupo SURA — Q4 2020 Earnings Presentation
20 slides from Grupo de Inversiones Suramericana's earnings presentation, March 2021
Slide 1: Grupo SURA Results Presentation
R E S U LT S P R E S E N TAT I O N GRUPO SURA
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
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: Slide 4
Slide 5: The year 2020 allowed to reaffirm the strategy
The year 2020 allowed to reaffirm the strategy Better than Liquidity and Capacity to RESULTS AND expected at the start Diversification FINANCIAL POSITION solvency adapt of the pandemic COP 1.4 tn Covid-19 fatality rate 0.6% SURA Pension: Value of COP 91.1 bn CONTINUE BEING Invested to attend individ
Slide 6: Positive commercial trends
Positive commercial trends With favorable evolution in operating indicators in Q4 C O N S O L I D AT E D I N C O M E S TAT E M E N T dec-20 dec-19 Var$ Var% Written premiums 19,330 17,761 1,569 8.8% Retained earned premiums 15,534 14,727 807 5.5% WRITTEN PREMIUMS AND COMMISSION INCOME Commission inc
Slide 7: Diversified portfolio
Diversified portfolio Diminishes impact of lower net income in financial services companies Equity method Quarterly evolution 400 dic-20 dic-19 Var$ 4T2020 4T2019 Var$ 300 Bancolombia 68 762 (694) (65) 115 (180) 215 Grupo Argos (46) 90 (136) (20) 22 (42) 200 Grupo Nutresa 204 178 26 38 33 5 100 Prot
Slide 8: Positive net income figure for the year
Positive net income figure for the year With negative impacts in Q4 at Suramericana and the equity method CONTRIBUTION TO CONSOLIDATED NET INCOME dic-20 dic-19 Var% 4T2020 4T2019 Var% Suramericana 211 390 -46% (91) 90 SURA AM 431 725 -40% 174 43 303% Grupo SURA (holding) y Otros (307) 603 (145) 92 U
Slide 9: Liquidity and solvency
Liquidity and solvency Financial strength and debt reduction Liability management to anticipate 2021 debt maturities 2021 Cash flow management • Lower cost and USD exposure • Debt reduction in 2020: COP 140 billion 761 (84) (322) 1,077 (348) (88) (970) 28 2021 2022 2023 2024 … 2026 2027 … 2029 2030
Slide 10: Resultados 9M 2020
Resultados 9M 2020
Slide 11: Revenue growth and expense control
Revenue growth and expense control Offset higher claims ratio dic-20 dic-19 Var% WRITTEN PREMIUMS RETAINED CLAIMS Written premiums 18,700 17,061 9.6% % Retained earned premiums Retained premiums 15,359 14,358 7.0% 5.2 64% 65% 67% 67% Adjustments to reserves (334) (115) 191.1% 4.8 4.7 59% 4.3 4.5 RET
Slide 12: Positive results in the year
Positive results in the year Despite net loss in Q4-2020 CONTRIBUTION TO NET INCOME BY SEGMENT dec-20 dec-19 Var$ Var% Q4-2020 Q4-2019 Var$ Var% Life 165 558 (393) -70% (32) 159 (190) -120% P&C 183 (18) 202 -1100% (39) (13) (26) 201% Health Care 52 21 31 146% 36 19 17 87% Operating Expenses* (103) (
Slide 13: Life segment with Covid-19 impacts
Life segment with Covid-19 impacts Premiums grow while claims ratio of workers’ compensation start to stabilize 1.4 1.5 23.1% 1.4 1.3 1.3 20.3% 19.4% 19.1% 18.0% 65% 67% FY2020 59% COP 5.6 tn 18.9% 49% 50% (+7.2%) 15.9% 13.9% 14.8% 14.7% 4T2019 1T2020 2T2020 3T2020 4T2020 4T2019 1T2020 2T2020 3T2020
Slide 14: P&C Segment
P&C Segment Premium growth and lower claims ratio leverage recovery of net income FY 2020 COP 8.6 tn (+6.9%) 115% 2.4 2.5 110% 106% 107% 2.1 2.1 100% 61% 1.9 53% 50% 51% 2020 combined ratio: 42% 105.8% (-301 pbs) 4T2019 1T2020 2T2020 3T2020 4T2020 4T2019 1T2020 2T2020 3T2020 4T2020 Written premiums
Slide 15: Health care segment keeps revenue growth
Health care segment keeps revenue growth Results driven by lower claims ratio in Q4-2020 FY 2020 COP 5.6 tn (+24.2%) 35% 25% 27% 27% 18% 91.2% 89.6% 89.0% FY 2020 1.5 86.9% 85.6% 1.5 88.7% (+7 pbs) 1.3 1.3 1.2 11.2% 10.7% FY 2020 8.7% 9.9% 9.1% 9.6% (-47 pbs) 4T2019 1T2020 2T2020 3T2020 4T2020 4T201
Slide 16: SURA Asset Management
sura > ASSET MANAGEMENT
Slide 17: Growth in commission income
Growth in commission income And recovery of the return on investments in a challenging year for labor and capital markets RETURN ON LEGAL RESERVE OPERATING EARNINGS (“ENCAJE”) OPERATING EARNINGS EXC. ENCAJE* Q4-2020 Q4-2019 Var$ Var% 437 Commission income 2,338 2,292 46 2.0% 284 377 310 294 Income f
Slide 18: Retirement savings segment maintains revenue growth
Retirement savings segment maintains revenue growth Compensating for higher unemployment rates and lower fees in some countries COMMISSION INCOME Total AUM (COP tn) 542 521 FY 2020 +6.9% 457 COP 2.0 tn (-0.1%) 427 263 288 AUM-based fees: 355 367 COP 1.0 tn (+7.6%) Flow-based fees: COP 1.0 tn (-6.8%)
Slide 19: Savings and Investments + Investment Management
Savings and Investments + Investment Management With positive net earnings in Q4-2020; starts showing operating leverage without decelerating growth rate 2020 FY: COP 324 bn (+19.2%) +25.8% +19.9% 66.9 COP 81 bn (-4.3%) 95 55.8 75 37 37 -3.6% 4T2019 1T2020 2T2020 3T2020 4T2020 4T2019 1T2020 2T2020 3
Slide 20: Investor relations contacts
CEO: GONZALO PÉREZ CFO: RICARDO JARAMILLO Investors and Capital Markets Managing Director: CARLOS EDUARDO GONZALEZ cegonzalezt@gruposura.com.co Investor Relations specialist: ANDRÉS ZULUAGA azuluagaa@gruposura.com.co (574) 3197039 CLICK HERE TO ACCESS REPORTS