2025 Q3 Separate financial statements

Limited review under International Standard for Review Engagement NITR 2410

1 | GRUPO DE INVERSIONES SURAMERICANA S.A.

As of September 30, 2025, and as of December 31, 2024, and for the periods for nine and three months ending September 30, 2025, and 2024.

TABLE OF CONTENT

Note 2.1. Statement of compliance 13

Note 2.2. Basis of presentation 14

Note 2.3. Significant accounting policies 15

Note 4.1. New and amended standards and interpretations issued 16

Note 4.2. New and amended standards and interpretations issued and not yet effective 16

Note 4.3. New and amended standards and interpretations issued but not yet applied 20

Note 6.1. Financial assets 24

Note 6.1.1. Cash and cash equivalents 24

Note 6.1.2. Investments 25

Note 6.1.3. Derivative financial instruments 26

Note 6.2. Financial liabilities 27

Note 6.2.1. Financial liabilities 28

Note 6.2.2. Derivative financial instruments 30

Note 6.2.2.1. Hedging derivative financial instruments 30

Note 6.2.2.2. Trading derivative financial instruments 33

Note 6.2.3. Bonds issued 34

Note 6.2.4. Commitments to non-controlling shareholders 35

Note 6.2.4.1. Agreement with Münchener Rückversicherungs - Gesellschaft Aktiengesellschaft, also known as Münchener Rück AG, or Munich Re (hereinafter "MRE") as shareholder of the subsidiary Suramericana S.A., holder of an 18.87% equity interest in such subsidiary 35

Note 6.2.4.2. Agreement with Caisse De Dépôt Et Placement Du Québec (hereinafter "CDPQ") as shareholder in the subsidiary Sura Asset Management S.A., holder of a 6.68% equity interest in said subsidiary 36

Note 6.2.4.3. Agreement with Grupo Bolívar S.A. and Compañía de Seguros Bolívar S.A. (hereinafter "GB") as shareholders in the subsidiary Sura Asset Management S.A., former holders of a 9.74% equity interest in said subsidiary and the execution of a share purchase and sale agreement 36

Note 6.2.4.4. Exit option with non-controlling shareholders 36

Note 6.2.5. Accounts payable 37

Note 7.1. Significant agreements 37

Note 7.2. Related party transactions 38

Note 7.3. Accounts receivable and accounts payable to related parties 40

Note 8.1. Current income tax 43

Note 8.1.1. Current income tax assets and liabilities 43

Note 8.1.2. Income tax recognized in profit or loss 43

Note 8.1.3. Reconciliation of the effective tax rate 44

Note 8.1.4. Current tax movement 44

Note 8.2. Deferred tax 45

Note 8.3. Tax regulations applicable to the Company 46

Note 8.4. Tax credits and unrecognized deferred tax assets 46

Note 8.5. Uncertainty regarding income tax treatments 46

Note 9.1. Investments in associates 47

Note 9.1.1. Balance and movements of associates 47

Note 9.1.2. General information on investments in associates 47

Note 9.1.3. Cross shareholding 48

Note 9.1.4. Collateral 48

Note 9.1.5. Dividend income 48

Note 9.1.6. Financial information of associates 49

Note 9.2. Investments in subsidiaries 50

Note 9.2.1. Balance and movements of subsidiaries 50

Note 9.2.2. General information on investments in subsidiaries 52

Note 9.2.3. Financial information of subsidiaries 52

Note 9.3. Impairment of investments in associates and subsidiaries 53

Note 11.1. Short-term benefits 55

Note 11.2. Long-term benefits 55

Note 11.3. Post-employment benefits 55

Note 11.4. Defined contribution plans 56

Note 11.5. Employee benefits expense 56

Note 13.1. Issued capital 58

Note 13.2. Premium on the issue of shares 59

Note 13.3. Reserves 59

Note 13.3.1. Legal reserve 59

Note 13.3.2. Occasional reserve 59

Note 13.3.3. Acquisition of treasury shares reserve 60

Note 13.4. Acquisition of treasury shares 60

Note 13.5. Retained earnings 61

Note 15.1. Defined benefit plan measurements 62

Note 15.2. Results from investments in equity instruments 62

Note 15.3. Cash flow hedge derivatives 63

Note 15.4. Effect on other comprehensive income of subsidiaries accounted for using the equity method 63

Note 19.1. Net exchange difference 67

Note 19.2. Interest and others 67

Note 21.1. Fair value measurement on a recurring basis 70

Note 21.2. Fair value of financial assets and liabilities measured at amortized cost or other valuation method 71

Medellin, November 13, 2025

Acting as legal representative and accountant of Grupo de Inversiones Suramericana S.A. (the Company), each within their competencies and under whose responsibility the accompanying interim separate financial statements were prepared, we certify that these financial statements have been faithfully taken from the books and that before being made available to you and third parties, the following statements contained therein have been verified:

Existence: The assets and liabilities included in the interim separate financial statements of the Company exist and all transactions included in these financial statements have been carried out during the periods ending on September 30, 2025, September 30, 2024, and December 31, 2024.

Completeness: All economic events performed by the Company during the periods ending September 30, 2025, and September 30, 2024, have been recognized in the interim separate financial statements.

Rights and obligations: Assets represent probable future economic benefits (rights) and liabilities represent probable future economic sacrifices (obligations), obtained or payable by the Company on September 30, 2025, and December 31, 2024.

Valuation: All items have been recognized at appropriate amounts.

Presentation and disclosure: All economic events affecting the Company have been properly classified, described and disclosed in the interim separate financial statements.

The above statements are certified according to Article 37 of Law 222 of 1995.

Additionally, as legal representative of Grupo de Inversiones Suramericana S.A., I certify that the interim separate financial statements of the Company as of September 30, 2025, and December 31, 2024, do not contain any defects, inaccuracies or errors that prevent its true financial position from being known.

The above statement is certified according to Article 46 of Law 964 of 2005.

Finally, we inform that these accompanying interims separate financial statements for the periods ending September 30, 2025, and September 30, 2024, were subjected to a limited review under the International Standard for Review Engagements NITR 2410 (ISRE 2410) - Review of interim financial information, carried out by the Company's statutory auditor. The report of the statutory auditor for the period ending September 30, 2025, is an integral part of these financial statements.

Signed Original Signed Original

Ricardo Jaramillo Mejía Juan Guillermo Chica Ramírez

Legal Representative Accountant

Professional Card 64093-T