Q3
Financial 20
Results for 25
Controlling net income on a YTD basis reached COP 2.5 trillion, of which COP 2.1 trillion is recurring net income.
This reflects our strategy of consolidating a portfolio focusing on the financial service sector.
Consolidated figures
Stated in COP billions
Pro forma Controlling Net Income¹
YTD figures at the end of Q3 2025
Quarterly figures up to Q3 2025
867
+47.4%
2,088
1,416
430
-59
2,458
501
416
696
Sept
Sept
Reclassification
Liability
Controlling
1T24 2T24 3T24
4T24 1T25 2T25 3T25
2024
2025
ORI
corresponding to net book
Grupo Argos preferred shares
income
Average 2024 Average 2025
¹ Adjusted figures that exclude non-recurring effects from the Nutresa exchange in 2024, the profit associated with the spin-off by absorption, and the increase in the liability related to preferred shares issued in 2025. The historical equity-method contribution from Grupo Argos is also excluded to refiect only the financial portfolio and EPS SURA.
Pro forma net income Recurring earnings
Breakdown² per share
Compound annual growth
7,132
7.132
+32.2%
2,337 6,144
5,070
1,187
2,504
2021
2022
2023
2024
2025
Last 12 months
2021
2022
2023
2024
2025
Last 12 months
Administrative calculation of net earnings per share is based on number of shares at the end of each period.
2 Adjusted data excludes non-recurring effects of the Nutresa share swap
(2023-2024), the gain associated with the spin-off by absorption and the increase in the liability for preferred shares issued in 2025. The historical equity method formerly relating to Grupo Argos and Grupo Nutresa is also excluded to reflect only our financial portfolio and the EPS SURA healthcare subsidiary throughout the series.
Earnings per share Earnings per share financial services
³ Earnings per share are adjusted for the healthcare subsidiary EPS SURA, the non-recurring effects of the Nutresa share swap (2023-2024), the profit associated with the spin-off by absorption (2025) and the increase in the liability for preferred shares as issued in 2025.
Return on equity (Adjusted ROE)'
13.8%
4 Adjusted ROE corresponding to Grupo SURA, excludes the amortization of intangibles from acquisitions' the equity investment in Grupo Argos (due to not applying the equity method since 2025), non-recurring earnings (the Nutresa share swap 2024, the spin-off by absorption, the increase in the liability relating to preferred shares in 2025) and the healthcare subsidiary EPS SURA in 2024. Please refer to attachments relating to the calculation of ROE for 2025.
"At Grupo SURA, we continue advancing in our evolution and are reporting these results, which are the first since becoming an organization focused on a portfolio of financial companies. The solid figures recorded, as well as the positive appreciation of our shares, demonstrate the materialization of the various benefits we announced when presenting the spin-off by absorption. All these developments reinforce the strong position of the company and motivate us to keep working on building and generating value for our shareholders."
Ricardo Jaramillo Mejía
CEO Grupo SURA
Our portfolio is now focused on the financial service sector
YTD figures at the end of Q3 2025
Controlling net income
(Proforma)
COP 655billion
3.1%
Adjusted ROE¹ 12.7%
Written premiums
(Proforma)
COP 14,447
billion
4.9%
Net income
COP 1,088 billion
24.4%
Adjusted ROE² 10.6%
Assets under management (AUM)
COP 813 trillion
15.6%
Fee and commission income
3,177billion
Changes per insurance segment
COP
10.8%
Life | 12.3% | |
Property and casualty | 1.7% | Changes per segment Savings and retirement 10.0% |
¹ Adjusted ROE on a LTM basis excludes the amortization of intangibles. ROE for 2024 excludes the effects of the
SURA Investments
17.2%
divestitures in Argentina and El Salvador in 2023 The health care subsidiary, EPS SURA is excluded for the year 2024.
² ROE and adjusted ROTE exclude acquisition-related
intangible amortization expense.
AUM excludes El Salvador in 2024.
Net income
COP 5.7trillion
23.2%
Gross lending portfolio
COP 280trillion
3.9%
Return on equity 18.0%
Ambitions 2028
Sept. 2025
Last 12 months
2028
Estimated
Net income
UPA(COP)
2.3 trillions
7,132
~3.3 trillions
˜10,000
Adjusted ROE
Net debt
Net debt / dividend
Dividend per share (COP)
13.8%
7.1 trillions
3.2x
1,500
~15%
<5 trillions
˜2x
~3,000
2028 ambitions estimated with organic growth and without extraordinary events
Quarterly Highlights
Merco Companies
In the most recent edition of Merco Empresas 2025, Grupo SURA ranked fourth in the Colombia assessment, rising one position and refiecting the trust that SURA companies receive from their various stakeholders.
MSCI inclusion
The entity officially announced that Grupo SURA's preferred shares will be incorporated into the MSCI Colombia Small Cap Index as of the market close on November 30, 2025. According to the firm, this inclusion refiects a favorable environment for the Colombian equity market, highlighting Grupo SURA's performance on the Colombian Stock Exchange.
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