Grupo SURA posted USD 595 million in YTD net income at the end of Q3 2025

Financial results Grupo Cibest Grupo SURA Strategy SURA Asset Management Suramericana
  • Recurring net income ended up at USD 505 million for a growth of 47% compared to the same period last year. For this past quarter alone, this figure amounted to USD 210 million, the highest ever recorded by the company.  
  • Thanks to this level of results, the company is on track to surpass its projected net income forecast for 2025 while having produced a return on equity of 13.8% for this past quarter.  
  • As a result of the increased liquidity of the company's shares, Grupo SURA's preferred stock was admitted to the MSCI Global Small Cap, one of the benchmark stock market indexes, in its most recent rebalancing.  

Grupo SURA (BVC: GRUPOSURA AND PFGRUPSURA) presented to the market its YTD financial results for the third quarter of this year, showing a net income[1] of USD 595 million, of which USD 505 million corresponds to recurring net income, for a growth of 47% vs. the same period last year. These figures reflect the good levels of performance of Suramericana, SURA Asset Management and Grupo Cibest, companies that make up Grupo SURA's portfolio, this as part of its new reality as an organization 100% focused on the Financial Service sector.   

"At Grupo SURA we continue to take steps towards our ongoing evolution, presenting these results, which are the first we have ever secured as an organization focused on its portfolio made up of financial companies. The sound figures recorded, as well as the positive valuation of our shares, are evidence of the various benefits that are currently materializing, as announced back when we first presented the spin-off by absorption.  All this only goes to reinforce the positive momentum that our company is currently enjoying which only goes to further motivate us in continuing to work on building and creating added value for our shareholders,” stated Ricardo Jaramillo Mejía, Grupo SURA’s Chief Executive Officer.  

At the end of Q3,2025, operating revenues reached USD 5,426 million for a growth of 5.8%[2] compared to the same period last year, this driven by the positive operating and commercial performance of all our portfolio companies.  On the other hand, adjusted return on equity (adjusted ROE) ended up at 13.8% on a LTM basis, while continuing on a path towards further growth, thereby showing the progress made in both profitability and value generation for the company's shareholders.  

Investment performance  

Suramericana During the first nine months of the year, this subsidiary posted written premiums amounting to of USD 3,497 million (+4.9%), driven mainly by a good level of performance of the Life Insurance segment.  Likewise, the claims rate decreased, which improved this subsidiary´s technical result, thereby leading to a growth of 13.5%. All this allowed its YTD net income to reach USD 159 million, for a growth of 3.1% thereby surpassing its projections for 2025 upon achieving a return on equity of 12.7%.  

Sura Asset Management At the end of Q3, 2025, this subsidiary obtained USD 769 million in fee and commission income , which was 10.8% higher than for last year, which, added to the good level of performance of the Company’s legal reserves and a disciplined control over expenses, provided a net income of USD 263 million, that is to say 24.4% higher than for the same period last year. Consequently, SURA AM ended the quarter with a return on equity of 10.6%. Finally, assets under management rose by 15.6%, thereby surpassing the USD 207,178 million mark.  

Grupo Cibest. Bancolombia's parent company achieved, at the end of the third quarter, a YTD net income of USD 1,380 million, for a 23.2% growth compared to the same period last year. These results led Cibest to obtain a return on equity of 18%, thanks to the favorable level of performance of the cost of credit this as a result of the quality of the lending portfolio, which provided for lower provisions during the period.  

"We ended this past third quarter with recurring net earnings per share of USD 1.7 on a LTM basis, for a 40.6% growth compared to last year. These figures shall allow us to end the year with results exceeding our initial projections thereby achieving an all-time high for Grupo SURA in terms of this year” stated Juan Esteban Toro Valencia, Grupo SURA’s  Chief Corporate Finance Officer   

Grupo SURA’s stock performance [3]

A review of the performance of our shares on a LTM basis shows a growth in the price of our ordinary shares of 84% along with another 134% increase in the price of our preferred shares, thereby far surpassing the performance of COLCAP - the local benchmark index.   

Furthermore the increased level of liquidity led Grupo SURA's preferred stock to be admitted to the MSCI Global Small Cap, one of the benchmark stock market indexes, in its most recent rebalancing. The company's Senior Management shall continue with its efforts to close the gap between the fundamental value of its shares and their stock market values

Goals for 2028 [4]

In its efforts to foster a better understanding of Grupo SURA and its portfolio of companies, the organization recently held an event called Investor Day 2025 to which local market representatives were invited. Here, the main goals for 2028 with respect to net income, return on equity, debt reduction and dividend payments were updated.  The highlights, based on these figures, consist of the company seeking a net income of USD 799 million in 2028, as well as doubling the dividend payment from USD 0.4 to USD 0.7 for said year. 

Another relevant issue for this past quarter: 

  • Merco Empresas: In its most recent edition of Merco Empresas 2025 ( the Merco Corporate Reputation Survey), Grupo SURA was ranked in fourth place on a country level, moving up one place from last year, thereby reflecting the trust placed in our SURA companies by different stakeholders.  

All of the above now position Grupo SURA towards achieving a positive year-end 2025. Here, we expect to surpass our initial projections thanks to the good levels of performance of our companies.  

 

 

[1] When referring to net income, the Company is referring to controlling net income.
[2] For comparability purposes, figures for 2024 are presented on an adjusted basis excluding the following: (a) the gain from the Nutresa exchange totaling COP 4.0 trillion and related taxes of COP 363 billion; (b) the elimination of the 2024 equity-method results from Grupo Argos of COP 587 billion and Sociedad Portafolio of COP -4 billion; and (c) the exclusion of EPS SURA in 2024. Figures for 2025 include no adjustments.
[3] This comparison includes the investment received by each shareholder in Grupo Argos as part of the spin-off by absorption process.
[4] This document may contain forward-looking statements regarding Grupo SURA and its subsidiaries. Such statements are based on assumptions and estimates made by the Companies’ management and are subject to risks, contingencies, and uncertainties; therefore, actual results may differ. Grupo SURA assumes no obligation to update these statements.