Grupo de Inversiones Suramericana S A : 2025 Q3 Separate financial statements

About this update from Grupo De Inversiones Suramericana S.a.

Free translation Interim 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 CERTIFICATION OF THE LEGAL REPRESENTATIVE AND ACCOUNTANT 5 NOTE 1. REPORTING ENTITY 13 NOTE 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES 13 Note 2.1. Statement of compliance 13 Note 2.2. Basis of presentation 14 Note 2.3. Significant accounting policies 15 NOTE 3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES, AND CAUSES OF UNCERTAINTY IN THE PREPARATION OF THE FINANCIAL STATEMENTS 15 NOTE 4. NEW AND AMENDED STANDARDS AND INTERPRETATIONS 16 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 5. RELEVANT FACTS 20 NOTE 6. FINANCIAL INSTRUMENTS 24 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. RELATED PARTIES 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. TAXES 42 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. INVESTMENTS IN ASSOCIATES AND SUBSIDIARIES 47 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 10. NON-CURRENT ASSETS HELD FOR SALE AND FOR DISTRIBUTE TO SHAREHOLDERS 54 NOTE 11. EMPLOYEE BENEFITS 55 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 12. PREFERRED SHARES LIABILITY 57 NOTE 13. EQUITY 58 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 14. DECLARED AND PAID DIVIDENDS 61 NOTE 15. OTHER COMPREHENSIVE INCOME 62 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 16. INCOME 64 NOTE 17. ADMINISTRATIVE EXPENSES 66 NOTE 18. FEES 66 NOTE 19. FINANCIAL RESULT 67 Note 19.1. Net exchange difference 67 Note 19.2. Interest and others 67 NOTE 20. EARNINGS PER SHARE 68 NOTE 21. FAIR VALUE 68 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 NOTE 22. RISK MANAGEMENT 71 NOTE 23. EVENTS AFTER THE REPORTING DATE 74 NOTE 24. APPROVAL OF THE FINANCIAL STATEMENTS 74 CERTIFICATION OF THE LEGAL REPRESENTATIVE AND ACCOUNTANT 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

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