Grupo de Inversiones Suramericana S A : 2026 Q2 Separate financial statements

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

Free translation 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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