Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA

Grupo de Inversiones Suramericana — Q3 2018 Earnings Presentation

23 slides from Grupo de Inversiones Suramericana's earnings presentation, November 2018

  1. Slide 1: Q3 2018 Results Presentation

    Q3 – 2018 Results Presentation

  2. 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 fro

  3. Slide 3: Agenda

    AGENDA Grupo SURA Consolidated Results Suramericana Insurance, Trends and Risk Management SURA Asset Management Pensions, Savings and Asset Management 3

  4. Slide 4: Grupo SURA Consolidated Results Q3 2018

    Grupo SURA Consolidated Results Q3 2018 4

  5. Slide 5: Highlights: Grupo SURA

    HIGHLIGHTS» GRUPO SURA INVESTMENT PORTFOLIO* • Total YTD revenues of COP 14.5 tn decrease 4.3% due to strategic decisions and external impacts. • Organic growth continues, in comparable terms, in the main business lines: mandatory + 6.6%, voluntary + 15.1%, general + 8.1%, life + 12.8%, health + 20.

  6. Slide 6: Statement of Financial Position: Consolidated

    S TAT E M E N T O F F I N A N C I A L P O S I T I O N » CONSOLIDATED Assets » Total Equity » dic-17 69,008,910 dic-17 26,226,561 - 1,047,040 - 429,001 -1.5% -1.6% sep-18 67,961,870 sep-18 25,797,560 0.0 10 , 00 0,000.0 20 , 00 0,000.0 30 , 00 0,000.0 40 , 00 0,000.0 50 , 00 0,000.0 60 , 00 0,000.0 7

  7. Slide 7: Statement of Comprehensive Income: Consolidated

    S TAT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Var%: -11.1% +6.0% +20.6% -3.1% -5.5% -44.9% -4.3% 15,156,905 423,855 34,083 Total Revenues» 103,352 14,505,780 (45,305) (42,092) (145,862) (979,157) sep-17 15,156,905 -651,125 -4.3% sep-18 14,505,780 0 2,000 , 00 4,000 , 00 6,

  8. Slide 8: Statement of Comprehensive Income: Consolidated Net Income

    S TAT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED NET INCOME Grupo SURA & Other* +0.7% 31,378 10,133 25,433 5,362 1,097,442 1,919 1,105,501 (13,715) (46,559) (5,891) Net Income ∆ Net Income ∆ Net Income ∆ Equity ∆ Exchange ∆ Admin. ∆ Interest ∆ Other ∆ Taxes Net Income 2017 Su

  9. Slide 9: Insurance, Trends and Risk Management: Suramericana Consolidated Results

    INSURANCE, TRENDS AND RISK MANAGEMENT SURAMERICANA S.A CONSOLIDATED RESULTS 9

  10. Slide 10: Highlights: Suramericana

    HIGHLIGHTS» SURAMERICANA • Positive operating Dynamic: technical result increased 8.3% % WRITTEN PREMIUMS • Retained premiums -4.2% or +2.2% excluding pension insurance. Negative effects from El Salvador Uruguay 3% Rep. Dom. currency devaluations and change in methodology for health insurance premiu

  11. Slide 11: Statement of Comprehensive Income: Suramericana Consolidated

    S TAT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Operating Revenues* » Claims + Reserve Adj.: % Retained Premiums Services Rendered: Costs / Revenues 95.6% 93.2% 4,168,743 3,705,212 sep-17 9,008,058 2,214,931 58.8% 1,835,290 160,445 54.5% 1.8% -11.1% 20.7% sep-18 9,168,503 +7

  12. Slide 12: Consolidated Figures Suramericana S.A.

    S TAT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES SURAMERICANA S.A. Corporate Segment +0.5% 392,924 11,081 394,843 30,364 30,656 7,058 8,888 4,056 (14,459) (75,725) Net Income Life Non-Life Health Care Exchange Admin. Interest Taxes Other** Net Income 2017 Difference E

  13. Slide 13: Life Insurance Segment

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » LIFE INSURANCE SEGMENT Var%: +10.6% +5.1% -8.6% -15.6% -16.7% Other 6% Life 16% 46,330 454,043 ARL (workers (27,178) (43,417) 378,318 comp) (51,460) 34% RETAINED Group Life PREMIUMS 19% Pension (D&S) 2% Health 23% 2017 Net Income Technical Admin. Investme

  14. Slide 14: Non-Life (P&C) Segment

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » NON-LIFE (P&C) SEGMENT Retained Premiums Retained Claims Ratio Var%: -0.2% -2.7% +8.0% -68.5% +3.8% -1.3% 157,523 sep-18 %Var %Var LC* sep-18 sep-17 20,665 46,727 Auto 1,832,335 -3.9% 7.7% 63.0% 61.3% 28,014 Fire 432,630 1.5% 8.4% 29.5% 36.1% 110,796 Mand

  15. Slide 15: Health Care Segment

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » HEALTH CARE SEGMENT Var%: 23.5% 14.9% 5.1% -31.6% 103.1% 62,256 Services rendered Claims Ratio 613 3,069 jun-18 %Var jun-18 jun-17 60,390 (35,283) EPS 2,173,734 21.8% 93.4% 94.0% IPS 391,690 13.4% 70.0% 68.7% 29,733 Dinámica 198,626 21.5% 70.2% 72.4% Tota

  16. Slide 16: SURA Asset Management Consolidated Results

    SURA ASSET MANAGEMENT CONSOLIDATED RESULTS 16

  17. Slide 17: Highlights: SURA Asset Management

    HIGHLIGHTS» SURA ASSET MANAGEMENT El Salvador 4% Chile Colombia 31% • Total AUM of COP 412.8 bn (+7.5%) y 19.8 MM clients(+3.6%). 26% • Mandatory pension with COP 363 tn in AUM and 17.9 MM clients • Voluntary business with COP 49.9 bn in AUM and 1.3 MM clients Mandatory AUM COP 363 tn • Positive gro

  18. Slide 18: Divestment of Annuities Business in Chile

    DIVESTMENT OF ANNUITIES BUSINESS IN CHILE » SURA ASSET MANAGEMENT • March 7, 2018: announcement of sale agreement of the life annuity business in Chile to Bicecorp for USD 232 MM, at a 1.36x P/BV multiple. It was anticipated that it would have an accounting impact. • October 30, 2018: approval from

  19. Slide 19: SURA Asset Management Consolidated Figures

    SURA ASSET MANAGEMENT » CONSOLIDATED FIGURES Var%: -25.7% +6.5% 1,928,086 -65.0% +23.9% -57.3% -1.6% Local Fx: +7.5% -25.9% -64.8% +22.3% -57.6% -1.0% Operating Income + Insurance Margin» 94,451 1,928,086 36,842 (32,177) 1,897,257 (116,663) (13,282) sep-17 1,928,086 -30,829 -1.6% sep-18 1,897,257 0.

  20. Slide 20: Consolidated Figures – SURA Asset Management

    S TAT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES – SURA ASSET MANAGEMENT Corporate Segment +15.7% 447,209 26,434 479,288 33,191 21,816 43,046 3,433 (8,308) (62,383) (25,220) Net Income Mandatory Voluntary Life Insurance, Fx Impact Oper. Wealth Tax Interest Other Net I

  21. Slide 21: Mandatory Pensions Business

    SURA ASSET MANAGEMENT » MANDATORY PENSIONS BUSINESS Var%: +6.6% -65.0% -31.8% +3.1% +165.2% -7.2% -8.2% 85,253 714,124 (20,047) 16,695 655,857 12,497 (115,192) (37,473) Var$ Net Var$ Figures in COP MM Net Income Var $ income ex. "Encaje" "Encaje" Chile 224,563 (37,552) (49,930) 12,378 México 212,368

  22. Slide 22: Voluntary Savings Business

    SURA ASSET MANAGEMENT » VOLUNTARY SAVINGS BUSINESS VOLUNTARY SAVINGS AUM (trillion COP)* INVESTMENT MANAGEMENT AUM SAVINGS AND INVESTMENTS AUM 4.7% 28.0% 19.3% 29.2% 12.5% 11.4% 6.1% 29.3% 19.1% 45.7% 12.5% 12.3% sep-17 43.4 26.6 23.9 COP 33.4 bn +14.9% +16.7% 11.4 11.9 6.8 7.7 sep-18 49.9 2.2 2.9 3

  23. Slide 23: Investor Relations Contacts

    CEO: DAVID BOJANINI CFO: RICARDO JARAMILLO Gerente IR: JUAN CARLOS GOMEZ Especialista IR: ANDRES ZULUAGA E-mail: ir@gruposura.com.co Phone: (574) 3197039 www.gruposura.com.co 23

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