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

Grupo de Inversiones Suramericana — Q1 2022 Earnings Presentation

23 slides from Grupo de Inversiones Suramericana's earnings presentation, May 2022

  1. Slide 1: 1

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  2. Slide 2: Forward-looking statements

    The forward-looking statements contained herein are based on Management’s current forecasts and outlook, which have been made under assumptions and estimates of the management of the Companies and may present variations. For better illustration and decision-making, figures for Suramericana, SURA Ass

  3. Slide 3: Webcast

    Webcast To change the audio language, click the icon. Para cambiar de idioma, haga clic en icono de su preferencia. 3

  4. Slide 4: Grupo SURA, Suramericana, SURA AM agenda

    Grupo SURA Suramericana SURA AM Sustainable Profitability Consolidated Results Consolidated Results Cashflow and Dividends Life Segment Retirement Savings Segment Natural Capital Management Property and Casualty Segment Inversiones Sura + IM Health Care Segment Net Income Bridge Income and Expenses

  5. Slide 5: Grupo SURA

    GRUPO SURA Santiago de Chile + Chile

  6. Slide 6: Moving towards the generation of sustainable profitability

    Moving towards the generation of sustainable profitability TOTAL REVENUES* CAGR +14.3% Highlights • We continue to focus on our strategy of 26.2 24.9 sustainable profitability, where the long-term 21.3 20.9 vision stands out 18.3 18.8 15.5 11.4 • Total revenue LTM shows compound annual growth of 14.

  7. Slide 7: Greater financial flexibility, deleveraging and shareholder remuneration plans

    Which translates into greater financial flexibility, advancing in the deleveraging and shareholder remuneration plans DIVIDENDS RECEIVED Highlights 1,200 1,123 1,100 1,035 1,049 951 889 1,000 900 782 821 • Historical maximum in expected 800 669 dividends 2022, reaching COP 1.1 tn 700 600 500 • Divid

  8. Slide 8: Balanced capital management is essential to sustainable profitability

    We believe that balanced capital management is essential to achieve sustainable profitability Approaches • Climate risk management • Environmental criteria in investment decisions and new solutions • Carbon footprint Advances • First approximations of measuring the level of climate risk, for each pr

  9. Slide 9: Growth in written premiums and the equity method

    Explained by the growth in written premiums and the equity method OPERATING EXPENSES ∆ COP 381 billion CONSOLIDATED INCOME STATEMENT 1Q21 1Q22 Var. $ Var.% 46.2% 47.0% 46.9% 46.8% 46.5% 4, 000 44.2% 43.5% 43.4% Written premiums 4,754 5,754 999 21% 42.5% 50. 0% 3, 500 Retained earned premiums 4,093 5

  10. Slide 10: Suramericana

    SURAMERICANA Sao Paulo - Brasil

  11. Slide 11: Higher investment income and lower COVID impacts offset higher car accident rate

    Supported by higher income from investments and lower COVID impacts that offset the higher car accident rate COVID–RELATED CLAIMS CONSOLIDATED INCOME STATEMENT 1Q21 1Q22 Var. $ Var.% 80 0 1 00% Written premiums 4,598 5,583 985 21% 71% 71% 71% 72% 90% 70% 70 0 65% 67% 68% 80% Retained premiums 3,925

  12. Slide 12: Growth in written premiums driven by health care and workers compensation

    Growth in written premiums was driven by the health care solution and the workers compensation business (ARL) WRITTEN PREMIUMS RETAINED CLAIMS Highlights ∆ COP 234 billion ∆ COP 76 billion 1,635 68.2% 68.2% 66.6% 65.7% 80. 0% 1,401 +16.7% 62.6% 70. 0% 1,052 981 930 996 60. 0% • Positive dynamics in

  13. Slide 13: Positive growth in premiums for the mobility solution

    Positive growth in premiums for the mobility solution WRITTEN PREMIUMS RETAINED CLAIMS* Highlights ∆ COP 295 billion ∆ COP 184 billion +15.8% 2,163 55% 55% 1,867 49% 51% 53% • Written premiums were driven by a 713 811 933 867 growth in the different mobility 683 insurance solutions: Mandatory + 31.2

  14. Slide 14: Premium growth driven by Mandatory Health Care subsidiary (EPS)

    Growth in premiums for this segment was driven by the Mandatory Health Care subsidiary (EPS) WRITTEN PREMIUMS RETAINED CLAIMS Highlights ∆ COP 452 billion ∆ COP 442 billion 92.1% 93.4% 2,111 1,659 1,971.3 • Increase of 367 thousand users in the 1,528.5 +27.2% +29.0% EPS compared to December 2021. A

  15. Slide 15: Net income and ROE show a recovery of the segments

    Net income and ROE show a recovery of the segments and lower COVID impacts NET INCOME 186 ∆ COP 145 billion Highlights 107 104 62 9 -91 -11 10 5 • Written premiums growing above budget in all segments: • Growth of 21.4% against a budget between 10.5% and 12.5% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21

  16. Slide 16: Capital humano

    Capital humano Habilitamos en las personas las competencias y los conocimientos que favorezcan, desde la flexibilidad y diversidad, el pleno desarrollo del ser y de su potencial para generar valor a la compañía, los grupos de interés y la sociedad como un todo Lima • Perú

  17. Slide 17: Legal reserve losses amid higher interest rates and negative exchange difference

    Given the loses of the legal reserve in line with the increase in interest rates and a negative exchange difference COMMISSION INCOME 800 ∆ COP -12 billion 90% 80% 700 95 102 105 105 94 70% 72 85 100 600 CONSOLIDATED INCOME STATEMENT 1Q21 1Q22 Var. $ Var.% 72 60% 562 578 583 500 504 500 542 527 509

  18. Slide 18: Impacted by operational factors, reserve requirements and exchange difference

    Impacted by operational factors, reserve requirements and effect on exchange difference TOTAL AUM COMMISSION INCOME Highlights ∆ COP 7.4 trillion ∆ COP -17 billion 562 578 583 527 509 -3.3% +1.5% 480 487 • The growth in AUM corresponding to 258 281 300 301 213 -17.6% the Pension Savings line of busi

  19. Slide 19: The value offer continues to be strengthened

    The value offer continues to be strengthened AUM TOTAL NET FLOW Highlights ∆ COP 3.1 trillion ∆ COP -1.6 trillion +4.9% 1,715 71.9 75.4 1,161 • Clients already exceed 2 million 608 -1,231 79 • Efforts to keep AUM leakage levels low with customer value offerings 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 • D

  20. Slide 20: Net income and ROE affected by impacts on portfolios

    Net income and ROE affected by impacts on portfolios NET INCOME ∆ COP -149 billion vs 1T2021 Highlights 250 220 174 189 137 116 102 • Consolidated fee income decreases in -130 -47 line with budget: • -2% and -5% impacted by the decrease in commissions in APR 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1

  21. Slide 21: Consolidated Results

    = Consolidated Results GRUPO SURA Santiago de Chile + Chile

  22. Slide 22: Associate companies continue to grow

    Associate companies continue to grow +126.6% Highlights 543 409 410 336 • Equity method leveraged by 239 Bancolombia and Nutresa with 175 growth of 219% and 29% vs 1Q21 105 59 25 • Protección presents a loss of COP 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 14 billion at the end of the quarter, ma

  23. Slide 23: Net income and ROE show a recovery in business

    Net Income and ROE show a recovery in business, growing COP 230,399 MM vs 1Q21 ∆ Grupo SURA & others COP - 48 YTD +109.1% Net Income 2021 Suramericana SURA AM Equity Method ∆ Fx Impact** ∆ Admin. Expenses ∆ Interest ∆ Other* Net Income 2022 Expenses *Others includes Arus, Habitat, Sura Ventures, and

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