Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q4 2025 Earnings Presentation
29 slides from Grupo De Inversiones Suramericana's earnings presentation, February 2026
Slide 1: Grupo SURA Q4 Results Presentation
Q4 Grupo SURA Results Grupo SURA presentation Grupo financiero relevante en América Latina
Slide 2: Legal notice
Legal notice This document may contain statements of future disclosures relating to Grupo SURA and its subsidiaries, which have been made under assumptions and estimates of the Companies' management and may vary. For better illustration and decision-making, the figures are administrative and not acc
Slide 3: Consolidated results, business results and guidance
Consolidated results 01 Business results and guidance 02 Grupo SURA Guidance 2026 03
Slide 4: Consolidated Results Q4 2025
CONSOLIDATED RESULTS | Q 4 2 0 2 5
Slide 5: Adjusted ROE 2025 closes at 13.7%, recurring earnings COP 2.3 tn
Adjusted ROE 2025 closes at 13.7%, with recurring earnings of COP 2.3 tn growing by 39.9% in the year, evidencing the progress in business profitability Pro-forma financial controlling net income evolution | ROE COP billions 13.7% Adjusted ROE 12.3% 2,324 9.9% 10.2% +39.9% 7.9% 1,661 1,187 2021 2022
Slide 6: Recurring net income per share closes 2025 at COP 7,092
Recurring net income per share closes 2025 at COP 7,092 with a compound annual growth of 29.7% since 2021 1 Proforma Net Income Per Share - COP Earnings per share + 2 received by Grupo SURA 7,092 shareholders because of the spin-off. 6,144 CAGR:+29.7% 2,504 2021 2022 2023 2024 2025 Earnings per shar
Slide 7: Performance of our companies
PERFORMANCE OF OUR COMPANIES 3.8 tn -39.0% Net Controlling 776 bn +2.7% 1.1 tn +28.4% 7.3 tn +16.1% 1 Income Recurring 1 3 ROE 12.5% 11.0% 17.2% 15.2% 29.5% 2 ROTE 1) ROE: Excluding amortization of intangibles for SURA AM. 2) ROTE: Excluding amortization of intangibles for SURA AM. 3) ROE excluding
Slide 8: Sustainability results
Sustainability results CARBON EMISSIONS ESG Ratings 4% 3.9 SUSTAINABILITY 71 3.8 THEMATIC INVESTMENTS 11% 69 65 62 COP 53.6 trillion 4.4 4.9 SUSTAINABLE INSURANCE PREMIUMS 36% COP 258 billion CONFIDENCE MEASUREMENT 24 25 24 25 24 25 24 25 S&P SUSTAINALYTICS MSCI FTSE 97% 8
Slide 9: 2025 profit reaches COP 1.8 trillion, COP 2.3 trillion excluding transactions
2025 profit reaches COP 1.8 trillion, which when excluding corporate transactions closes at COP 2.3 trillion in line with projections Proforma controlling net income Proforma financial controlling net income 2025 +483 2,324 +39.9% 1,841 854 2,324 -430 59 Controlling OCI G.Argos Preferred Banistmo Pr
Slide 10: Quarterly results reflect the impairment of Grupo Cibest
Quarterly results reflect the impairment of Grupo Cibest due to the sale of Banistmo as well as the increase in the minimum wage in Colombia Proforma financial controlling net income Q4 2025 1 Elimination of Grupo Argos and Sociedad 4Q24 4Q25 Portafolio’s equity method Controlling net income 396 (61
Slide 11: Insurance
Insurance Savings and Pension Banking
Slide 12: Subscription discipline: net income grows 2.7%
Subscription discipline: Net income grows 2.7% prioritizing profitability over premium growth Written premiums Technical result Investment income Net Controlling Income Proforma Proforma Proforma Proforma +1.4% 19,367 19,631 +9.3% 2,571 +3.9% 2,351 1,823 1,893 +2.7% 756 776 2024 2025 2024 2025 2024
Slide 13: Life segment records growth of 23.9%
Life segment records growth of 23.9%, showing positive dynamics in premiums, stability in technical results, and higher investment returns Written premiums Technical result Investment income Net Income +10.6% 9,590 8,670 +8.6% 1,487 1,369 +23.9% +1.3% 919 741 332 336 2024 2025 2024 2025 2024 2025 20
Slide 14: Written premiums in P&C segment decreased by 5.4%
Written premiums in the P&C Insurance Segment decreased by 5.4%, because of lower risk appetite and a softer voluntary auto market Written premiums Technical result Investment income Net Income -5.4% 10,874 10,286 +1.1% 1,323 1,338 -3.3% -41.9% 467 452 350 204 2024 2025 2024 2025 2024 2025 2024 2025
Slide 15: 2026E Guidance
2026E 9% - 11% Written Premiums Life: 11% -12% P&C: 6% - 9% 54% - 56% Claims ratio Life: 64% -66% P&C: 50% - 52% Administrative expenses / 14% - 15% Written Premiums Adjusted ROE 12% - 13% GUIDANCE 2026 Adjusted ROTE 14% - 15% 15
Slide 16: Savings and Pension
Insurance Savings and Pension Banking
Slide 17: Controlling net income up 24.9%
Controlling net income up 24.9% driven by operating efficiencies and higher legal reserves performance AUM Net Controlling Cop Tn Commission Income Operating profit Income +17.2% +11.1% 817 4,298 +23.9% 719 3,929 2,175 +28.4% 1,787 660 1,106 445 885 1,342 1,515 2024 2025 2024 2025 2024 2025 2024 202
Slide 18: Savings & retirement segment commission income up 8.8%
Savings & retirement segment closes with commission income up 8.8% driven by Mexico and legal reserves income growing 48.2% AUM Income from legal Operating profit Cop Tn Commission Income reserves excluding legal reserves +17.6% +10.6% 724 +8.2% 3,823 632 3,513 1,658 1,557 +50.3% 660 445 2024 2025 2
Slide 19: SURA Investments multiplies its operating margin by 2.6x
SURA Investments multiplies its operating margin by 2.6x, leading to an operating profit growth of 205% AUM Net Controlling Cop Tn Commission Income Operating profit Income +13.9% 94 +16.1% 87 466 408 +235.5% +75.8% 71 91 55 23 2024 2025 2024 2025 2024 2025 2024 2025 Var% Dec 2025 vs Dec 2024 at con
Slide 20: 2026E Guidance
2026E AUM 9% - 10% Commission 5.5% - 6.5% Income Adjusted ROE 8.5% - 10.5% GUIDANCE 2026 Adjusted ROTE 21% - 25% 20
Slide 21: Banking
Insurance Savings and Pension Banking
Slide 22: Grupo Cibest pro-forma net income of COP 7.3 tn
Grupo Cibest achieves a pro-forma net income of COP 7.3 tn, with a growth of 16.1% compared to 2024, reflecting a lower cost of credit and resilient NIM Net Income 2025 +16.1% Accumulated net 7.3 interest margin 6.5% 6.3 -3.5 Vs 6.85% in 2024 3.8 2025 ROE 17.2% Vs 15.8% in 2024 Net income 2024 Profo
Slide 23: Grupo SURA
Insurance Savings and Pension Banking
Slide 24: Recurring contribution from businesses COP 3.45 tn
Recurring contribution from businesses amounts to COP 3.45 tn (+16%) in 2025, evidencing a positive evolution of the three companies Controlling net income composition as of Dec 25 Business Contribution COP 3.45 tn +16.0% 1,789 -882 -59 -48 -119 -45 2,324 430 -930 -94 61 -854 1,841 630 1,032 1 SURA
Slide 25: 2026E Guidance
2026E Received dividends >2.2 tn Controlling net income 2.3 – 2.5 tn 1 Adjusted ROE 13% - 14% GUIDANCE Paid dividends 2,000 2026 per share +33% 1) Projection with recurring profits not including possible effects of economic emergencies. 25
Slide 26: Strategic focus drives share price appreciation
Strategic focus drives share price appreciation, outperforming the Colombian market Stock performance 20251 Total shareholder return 5 years GRUPOSURA PFGRUPSURA Colcap PFGRUPSURA 23.7% GRUPOSURA 23.6% +99.1% IPSA 20.2% +78.2% COLCAP 16.0% +49.9% SPX 14.5% MEXBOL 11.1% IBOVESPA 6.2% Jan-25 Mar-25 Ma
Slide 27: Board proposes to increase dividend per share by 33%
Board of Directors proposes to the Shareholders' Meeting to increase the dividend per share by 33% in line with the commitment to higher shareholder remuneration Dividend per share - COP +33.3% 2,000 CAGR +27.1% 1,500 1,400 1,280 784 603 2021 2022 2023 2024 2025 2026E 27
Slide 28: Annexes
Annexes
Slide 29: ROE Grupo SURA
ROE Grupo SURA !"#$" !%#$& !$#$& !'#$& !"#$& Balance Sheet 1 Elimination of the value of Grupo Argos' investment recorded in Grupo SURA (reflecting Equity attributable to shareholders of the parent company 26,541 25,974 26,581 20,134 19,498 only financial transactions). Equity adjustments -8,843 -8,