Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q1 2025 Earnings Presentation
19 slides from Grupo De Inversiones Suramericana's earnings presentation, May 2025
Slide 1: 2025 Results Presentation
2025 Results Presentation
Slide 2: Disclaimer
Disclaimer This document may contain forward-looking statements related to Grupo SURA and its subsidiaries, which have been made under assumptions and estimates of the management of the Companies and may present variations. For a better illustration and decision making, the figures are administrativ
Slide 3: GRUPO SURA | 1T 2025
GRUPO sura WW GRUPO SURA | 1T 2025
Slide 4: Highlights
HIGHLIGHTS Advances spin-off SURA Asset Management by absorption bond issuance Approval of the Shareholders' Meeting Amount of the issue: USD 500 million Approval of the Bondholders' The demand exceeded Meeting 4 times the amount offered Filing with the Financial Participation of more than Superinte
Slide 5: Portfolio Composition
Operating profit of COP 4.1 trillion in the last 12 months, from the financial businesses, confirms the strength of a diversified portfolio by region and sector. PORTFOLIO COMPOSITION Other Non life Peru 7% 6% 6% Life México 19% 12% Banks 44% Chile 12% Colombia 63% Asset Management 31% Regional foot
Slide 6: Grupo SURA reported a controlling net income of COP 519 billion for the quarter
Grupo SURA reported a controlling net income of COP 519 billion for the quarter, advancing in line with its projected annual target range of COP 1.7 to 1.9 trillion. Operating Revenue Operating profit Earnings before taxes Controlling net income Adjusted¹ Adjusted¹ Adjusted¹ Adjusted¹ +4.8% -5.6% -0
Slide 7: Investments Performance | 1Q 2025
INVESTMENTS PERFORMANCE | 1Q 2025
Slide 8: Suramericana pro forma net earnings grew 42.8%
Higher technical performance and investment income have bolstered Suramericana’s pro forma net earnings, reflecting a 42.8% growth. Written premiums Technical result Investment income Controlling net income Proforma Proforma Proforma Proforma +7.3% +11.6% +7.0% +42.8% 4,535 5 ,0 0 1 ,0 0 1 ,0 0 5 0
Slide 9: Life segment achieved a 61% increase in net income
The Life segment achieved a 61% increase in net income, driven by higher premiums, lower claims rates, and improved investment performance. Written premiums Technical result Investment income Net Income +13.2% 1 2 0 +8.5% +60.7% 1 0 2,210 8 0 8 0 4 5 0 51 2 ,5 0 0 7 0 4 0 6 0 2 ,0 0 1,946 6 0 3 5 0
Slide 10: Premiums in the P&C segment remained stable
Premiums in the P&C segment remained stable compared to the previous year, reflecting a decrease in Auto and SOAT products. Written premiums Technical result Investment income Net Income +1.5% -10.9% +3.1% -38.4% 2,350 2 0 2,340 8 0 2 5 0 2 ,5 0 0 1 8 0 7 0 1 6 0 2 0 118 2 ,0 0 6 0 1 4 0 5 0 1 2 0 1
Slide 11: SURA Asset Management's commission revenue increased by 8%
SURA Asset Management's commission revenue increased by 8%, supported by growth in the Savings and Retirement business and SURA Investments. AUM Commission Income Operational expenses Operating profit Cop Tn Excluding encaje +11.0%* +8.1% +10.2% -17.3% 90 Ingresos Incomepor encaje from encaje 734 1,
Slide 12: SURA Asset Management's operations outside Colombia accounted for 87% of earnings
SURA Asset Management’s operations outside Colombia accounted for 87% of its earnings. 1 ,0 0 9 0 NET CONTROLLING INCOME REGIONAL DIVERSIFICATION 8 0 7 0 6 0 5 0 -26.0% 318 4 0 Uruguay 237 Perú 3% 3 0 2 0 8% Colombia 1 0 0 13% México Mar 24 March Mar 25 March 38% 2024 2025 AJUSTED 10.1% 8.2% ROE Chi
Slide 13: AUM of Savings and Retirement segment grew 10.2%
AUM of the Savings and Retirement segment grew 10.2% in constant currency, driven mainly by Mexico, which reported a growth of 21% in AUM and 14.5% in fees. Income from encaje Operating profit Commission Income excluding encaje +6.8% -44.4% +1.2% 895 9 5 0 5 0 9 0 851 4 5 0 8 5 0 351 4 0 8 0 3 5 0 3
Slide 14: SURA Investments consolidates its growth with 18.8% revenue increase
SURA Investments consolidates its growth, with an 18.8% increase in revenues compared to the previous year AUM Commission Income Operating profit Cop Tn +17.7%* +18.8% +7.2% 3 0 88.7 1 2 0 1 0 107 9 0 1 1 0 2 5 8 0 75.5 7 0 2 0 1 0 90 6 0 1 5 13 13 9 0 5 0 4 0 1 0 8 0 3 0 2 0 5 7 0 1 0 0 6 0 0 Mar 2
Slide 15: Bancolombia net income of COP 1.7 trillion and ROE of 16.3%
Bancolombia's financial performance stands out with net income of COP 1.7 trillion and ROE of 16.3%, in line with a lower cost of risk. Loan portfolio Net Income Net interest margin +7.0% +4.5% 7 .5 % 7.1% 7.1% 6.8% 2 9 0 3 .0 7 .0 % 6.4% 6.4% 2 8 0 279 6 .5 % 6 .0 % 2 .5 2 7 0 5 .5 % 260 1.7 5 .0 %
Slide 16: Financial companies contribute COP 812 billion to the quarter's result
Financial companies contribute COP 812 billion to the quarter's result. Controlling net income composition Financial Portfolio COP 812 Bn 900 426 800 700 -203 600 -38 519 -53 500 400 221 300 200 166 100 - Suramericana SURA SURA Asset AM Management Bancolombia Intereses InterestGIS Gastos Admon GIS A
Slide 17: Our stock price and trading volume have exhibited a positive trend
Our stock price and trading volume have exhibited a positive trend over the past year. Stock performance Average daily volume (Cop Bn) Spinoff FTSE FTSE MOU 47 00 agreement Announ.. Rebalancing 43,000 42 00 13.7 37,600 37 00 11.4 32 00 7.9 30,480 7.3 27 00 22 00 4.3 3.4 18,540 17 00 Common Ordinaria
Slide 18: Discount relative to fundamental value underscores upside potential
The discount relative to the fundamental value (36%–50%) underscores the upside potential of our stock Sum of the parts COP$Tn 40.0 36% - 50% 1x P/BV discount 35.0 6.3 16.1 32.5 30.0 14.8 26.6 25.7 25.0 -7.2 9.3 20.0 16.4 15.0 11.8 10.0 5.0 0.0 1 Bancolombia Suramericana + Port. Financiero Financial
Slide 19: Our priorities will have a comprehensive approach to capital management
Our priorities will have a comprehensive approach to capital management • Maintain discipline in Capital Allocation capital allocation • Continuous regional footprint optimization • To make value visible and reduce the discount of the • Portfolio approach with a stock Sources and Sustainable financi