Grupo De Inversiones Suramericana S.a.BVC: GRUPOSURA

2026 Q2 Separate financial statements

Aug 13, 2026 at 9:43 PM UTC · Issued by Grupo De Inversiones Suramericana S.a.

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SEPARATE

Financial statements

Limited review under International Standard for Review Engagement NITR 2410

1 | GRUPO DE INVERSIONES SURAMERICANA S.A.

As of June 30, 2026, and as of December 31, 2025, and for the periods for six and three months ending on June 30, 2026, and June 30, 2025

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 2.2.1. Presentation currency 14

Note 2.2.2. Hyperinflation 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 17

Note 4.3. New and amended standards and interpretations issued but not yet applied 21

NOTE 5. RELEVANT FACTS 22 NOTE 6. FINANCIAL INSTRUMENTS 23

Note 6.1. Financial assets 23

Note 6.1.1. Cash and cash equivalents 23

Note 6.1.2. Investments 23

Note 6.1.3. Derivative financial instruments 24

Note 6.2. Financial liabilities 25

Note 6.2.1. Financial liabilities 26

Note 6.2.2. Derivative financial instruments 28

Note 6.2.2.1. Hedging derivative financial instruments 28

Note 6.2.2.2. Trading derivative financial instruments 30

Note 6.2.3. Issued bonds 31

Note 6.2.4. Commitments to non-controlling shareholders 32

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 32

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 32

Note 6.2.4.3. Exit option with non-controlling shareholders 33

Note 6.2.5. Accounts payable 33

Note 6.2.6. Covenants 34

NOTE 7. RELATED PARTIES 34

Note 7.1. Significant agreements 35

Note 7.2. Income and expenses with related parties 35

Note 7.3. Accounts receivable and accounts payable to related parties 37

Note 7.3.1. Accounts receivable 37

Note 7.3.2. Accounts payable 38

NOTE 8. INCOME TAXES 39

Note 8.1. Current income tax 40

Note 8.1.1. Current income tax assets 40

Note 8.1.2. Income tax recognized in profit or loss 40

Note 8.1.3. Reconciliation of the effective tax rate 40

Note 8.1.4. Current tax movement 41

Note 8.2. Deferred income tax 41

Note 8.3. Tax regulations applicable to the Company 42

Note 8.4. Tax credits and unrecognized deferred income tax assets 42

Note 8.5. Uncertainty regarding income tax treatments 42

NOTE 9. INVESTMENTS IN ASSOCIATES AND SUBSIDIARIES 43

Note 9.1. Investments in associates 43

Note 9.1.1. Balance and movements of associates 43

Note 9.1.2. General information on investments in associates 43

Note 9.1.3. Guarantees 44

Note 9.1.4. Dividend income 44

Note 9.1.5. Financial information of associates 44

Note 9.2. Investments in subsidiaries 44

Note 9.2.1. Balance and movements of subsidiaries 44

Note 9.2.2. General information on investments in subsidiaries 45

Note 9.2.3. Financial information of subsidiaries 46

Note 9.3. Impairment of investments in associates and subsidiaries 46

NOTE 10. RESULTS OF NON-CURRENT ASSETS HELD FOR SALE AND FOR DISTRIBUTE TO SHAREHOLDERS 46 NOTE 11. EMPLOYEE BENEFITS 47

Note 11.1. Short-term benefits 47

Note 11.2. Long-term benefits 48

Note 11.3. Post-employment benefits 48

Note 11.4. Defined contribution plans 49

Note 11.5. Employee benefits expense 49

NOTE 12. PREFERRED SHARES LIABILITY 49 NOTE 13. EQUITY 50

Note 13.1. Issued capital 50

Note 13.2. Premium on the issue of shares 51

Note 13.3. Reserves 51

Note 13.3.1. Legal reserve 51

Note 13.3.2. Occasional reserve 51

Note 13.3.3. Acquisition of treasury shares reserve 52

Note 13.4. Acquisition of treasury shares 52

Note 13.5. Retained earnings 52

NOTE 14. DECLARED AND PAID DIVIDENDS 52 NOTE 15. OTHER COMPREHENSIVE INCOME 53

Note 15.1. Defined benefit plan measurements 53

Note 15.2. Results from investments in equity instruments 53

Note 15.3. Cash flow hedge derivatives 53

Note 15.4. Effect on other comprehensive income of subsidiaries accounted for using the equity method 54

NOTE 16. INCOME 55 NOTE 17. ADMINISTRATIVE EXPENSES 56 NOTE 18. FEES 56 NOTE 19. FINANCIAL RESULT 57

Note 19.1. Net exchange difference 57

Note 19.2. Interest and others 58

NOTE 20. EARNINGS PER SHARE 58 NOTE 21. FAIR VALUE 59

Note 21.1. Determination of fair value 60

Note 21.2. Fair value measurement on a recurring basis 60

Note 21 3. Fair value of financial assets and liabilities measured at amortized cost or other valuation method 62

NOTE 22. RISK MANAGEMENT 62 NOTE 23. EVENTS AFTER THE REPORTING DATE 64 NOTE 24. APPROVAL OF THE FINANCIAL STATEMENTS 64 CERTIFICATION OF THE LEGAL REPRESENTATIVE AND ACCOUNTANT

Medellin, August 13, 2026

Acting as legal representative and accountant of Grupo de Inversiones Suramericana S.A. (the Company), each within their competencies and under whose responsibility the attached 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 June 30, 2026, June 30, 2025, and December 31, 2025.

Completeness: All economic events performed by the Company during the periods ending June 30, 2026, and June 30, 2025, have been recognized in 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 June 30, 2026, and December 31, 2025.

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 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 June 30, 2026, and December 31, 2025, do not contain any defects, inaccuracies or errors that 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 this accompanying interim separate financial statements for the periods ending June 30, 2026, and June 30, 2025, 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 June 30, 2026, 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

SEPARATE FINANCIAL STATEMENTS

Financial

6 | GRUPO DE INVERSIONES SURAMERICANA S.A.

STATEMENTS

Interim separate financial position statement As of June 30, 2026, and December 31, 2025 (Amounts expressed in millions of Colombian pesos)

	Note	June 30, 2026	December 31, 2025
Assets
Cash and cash equivalents	6	120,548	7,649
Investments	6	39,926	42,030
Receivables		985	626
Derivative financial instruments	6	-	161,392
Dividends receivable from related parties	7	1,099,070	-
Current tax assets, net	8	6,015	2,938
Deferred tax assets, net	8	-	4,489
Investments in associates	9	5,641,321	5,641,321
Investments in subsidiaries	9	16,986,466	17,710,275
Property and equipment, net		1,147	1,432
Right-of-use assets		11,427	13,285
Other assets		7,491	3,128
Total assets		23,914,396	23,588,565

Liabilities
Financial liabilities	6	5,790,704	4,840,140
Derivative financial instruments	6	179,064	74,973
Accounts payable	6	10,697	27,019
Accounts payable to related entities	7	500,591	130,373
Lease liabilities		9,197	10,712
Employee benefits	11	15,655	20,119
Bonds issued	6	1,271,839	2,408,106
Preferred shares liability	12	520,729	522,504
Total liabilities		8,298,476	8,033,946

Equity
Issued share capital	13	109,121	109,121
Premium on the issue of share	13	784,688	784,688
Acquisition of treasury shares	13	(9,537,998)	(9,537,998)
Reserves	13	5,829,662	4,843,120
Reserve for acquisition of treasury shares	13	9,674,774	9,674,774
Net earnings for the year		1,703,893	1,641,954
Retained earnings		6,249,435	6,218,961
Other comprehensive income	15	802,345	1,819,999
Total equity		15,615,920	15,554,619

Total equity and liabilities		23,914,396	23,588,565

The accompanying Notes are an integral part of the interim separate financial statements.

Signed Original	Signed Original	Signed Original
Ricardo Jaramillo Mejía	Juan Guillermo Chica Ramírez	Joaquín Guillermo Molina Morales
Legal Representative	Accountant	Statutory Auditor
	Professional Card 64093-T	Professional Card 47170-T
		Designated by PwC Contadores y Auditores S.A.S.
		(See attached report)

Interim separate income statement

For the periods for six and three months ending June 30, 2026, and June 30, 2025 (Amounts expressed in millions of Colombian pesos)

	Note	January 1 to June 30, 2026	January 1 to June 30, 2025	April 1 to June 30, 2026	April 1 to June 30, 2025
Income
Dividends	16	1,061,461	1,063,196	1,085	146,648
Investment, cash and cash equivalents income	16	4,594	9,003	3,161	7,232
Investments gain measured at fair value	16	1,863	1,483	540	449
Income from equity method	16	1,173,495	877,170	756,366	525,734
Gain from sale of non-current assets held for sale	16	-	49,456	-	-
Other income		174	668	133	661
Operational income		2,241,587	2,000,976	761,285	680,724

Operational expenses
Administrative expenses	17	(24,405)	(42,334)	(12,487)	(24,663)
Employee benefits	11	(22,390)	(14,861)	(12,357)	(7,458)
Fees	18	(4,682)	(19,617)	(2,689)	(7,508)
Depreciation		(1,412)	(1,383)	(676)	(699)
Other expenses		-	(2)	-	(2)
Operational expenses		(52,889)	(78,197)	(28,209)	(40,330)
Operating profit		2,188,698	1,922,779	733,076	640,394
Net (loss) from fair value financial derivatives	19	(7,518)	(116,441)	(4,456)	(13,001)
Net foreign exchange difference	19	36,645	106,902	39,650	9,164
Interest expense and others	19	(486,757)	(422,623)	(252,001)	(217,189)
Net financial result		(457,630)	(432,162)	(216,807)	(221,026)

Profit before tax		1,731,068	1,490,617	516,269	419,368
Income tax expense	8	(27,175)	(68,510)	(23,345)	(9,315)
Net profit from continuing operations		1,703,893	1,422,107	492,924	410,053
Net result from non-current assets held for sale and for distribute to the shareholders	10	-	196,708	-	1,525
Net profit for the period		1,703,893	1,618,815	492,924	411,578
Net earnings per common share, expressed in Colombian pesos	20	5,282.88	4,147.56	1,546.13	1,067.08
Net earnings per diluted share, expressed in Colombian pesos	20	5,017.77	3,923.24	1,468.54	1,009.37

The accompanying Notes are an integral part of the interim separate financial statements.

For comparative purposes with 2026, some 2025 figures have been reclassified because of the disclosure of the results of non-current assets held for sale (Note 9.2.1. and Note 16.).

Signed Original	Signed Original	Signed Original
Ricardo Jaramillo Mejía	Juan Guillermo Chica Ramírez	Joaquín Guillermo Molina Morales
Legal Representative	Accountant	Statutory Auditor
	Professional Card 64093-T	Professional Card 47170-T
		Designated by PwC Contadores y Auditores S.A.S.
		(See attached report)

Interim separate statement of comprehensive income

For the periods for six and three months ending June 30, 2026, and June 30, 2025 (Amounts expressed in millions of Colombian pesos)

Note

January 1 to

June 30,

2026

January 1 to

June 30,

2025

April 1 to

June 30,

2026

April 1 to

June 30,

2025

Net profit for the period

1,703,893

1,618,815

492,924

411,578

Other comprehensive income Items that will not be reclassified to income for the period, net of taxes
Gain from investments in equity instruments	6.1.2 - 15	-	11,447	-	2,171
Share of other comprehensive income of subsidiaries accounted for under the equity method	15.	(994)	5,573	67	2,502
Total other comprehensive income that will not be reclassified to the results of the period, net of taxes		(994)	17,020	67	4,673
Items to be reclassified to income for the period, net of taxes (Loss) gain from cash flows hedges	15	(41,875)	22,867	(34,123)	12,565
Share of other comprehensive income of subsidiaries accounted for under the equity method	15	(974,785)	(222,213)	(547,699)	95,106
Total other comprehensive income to be reclassified to profit or loss, net of taxes		(1,016,660)	(199,346)	(581,822)	107,671
Total other comprehensive income		(1,017,654)	(182,326)	(581,755)	112,344
Total comprehensive income		686,239	1,436,489	(88,831)	523,922

The accompanying Notes are an integral part of the interim separate financial statements.

Signed Original	Signed Original	Signed Original
Ricardo Jaramillo Mejía	Juan Guillermo Chica Ramírez	Joaquín Guillermo Molina Morales
Legal Representative	Accountant	Statutory Auditor
	Professional Card 64093-T	Professional Card 47170-T
		Designated by PwC Contadores y Auditores S.A.S.
		(See attached report)

GRUPO DE INVERSIONES SURAMERICANA S.A. Interim separate statement of changes in equity

Changes for the periods ending June 30, 2026, and June 30, 2025 (Amounts expressed in millions of Colombian pesos)

	Note	Issued share capital	Premium on the issue of share	Acquisition treasury shares	Reserves	Reserves for acquisition of treasury shares	Net income for the period	Retained earnings	Other comprehensive income	Total equity
As of December 31, 2024		109,121	3,290,767	(9,537,998)	566,470	9,674,774	5,331,776	9,735,037	2,262,266	21,432,213
Other comprehensive income	15	-	-		-	-	-	-	(182,326)	(182,326)
Net profit for the period		-	-		-	-	1,618,815	-		1,618,815
Total net comprehensive income for the period		-	-	-	-	-	1,618,815	-	(182,326)	1,436,489
Allocation to discretionary reserves Ordinary dividend (Σ1,500 Colombian pesos per share) recognized as distributions to owners	14	- -	- -	- -	5,331,776 (592,693)	- -	(5,331,776) -	- -	- -	- (592,693)
Minimum dividends, preferred shares	12	-	-	-	-	-	-	20,236	-	20,236
Withholding tax attributable to shareholder		-	-	-	-	-	-	972	-	972
Recognition of other comprehensive income from sales of subsidiaries	9	-	-	-	-	-	-	7,386	-	7,386
As of June 30, 2025		109,121	3,290,767	(9,537,998)	5,305,553	9,674,774	1,618,815	9,763,631	2,079,940	22,304,603

As of December 31, 2025		109,121	784,688	(9,537,998)	4,843,120	9,674,774	1,641,954	6,218,961	1,819,999	15,554,619
Other comprehensive income	15	-	-		-	-	-	-	(1,017,654)	(1,017,654)
Net profit for the period		-	-		-	-	1,703,893	-	-	1,703,893
Total net comprehensive income for the period		-	-	-	-	-	1,703,893	-	(1,017,654)	686,239
Allocation to discretionary reserves Ordinary dividend (Σ2,000 Colombian pesos per share) recognized as distributions to owners	14	- -	- -	- -	1,641,954 (655,412)	- -	(1,641,954) -	- -	- -	- (655,412)
Minimum dividends, preferred shares	12	-	-	-	-	-	-	29,114	-	29,114
Withholding tax attributable to shareholder		-	-	-	-	-	-	1,360	-	1,360
As of June 30, 2026		109,121	784,688	(9,537,998)	5,829,662	9,674,774	1,703,893	6,249,435	802,345	15,615,920

The accompanying Notes are an integral part of the interim separate financial statements.

Signed Original	Signed Original	Signed Original
Ricardo Jaramillo Mejía	Juan Guillermo Chica Ramírez	Joaquín Guillermo Molina Morales
Legal Representative	Accountant	Statutory Auditor
	Professional Card 64093-T	Professional Card 47170-T
		Designated by PwC Contadores y Auditores S.A.S.
		(See attached report)

| GRUPO DE INVERSIONES SURAMERICANA S.A.

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