• Controlling net income showed a recurring growth of 11.5% ^[1] compared to the same period last year. Adjusted ROE stood at 15.4%, exceeding ahead of schedule the targeted metric projected for the market for 2028 .
• The Company raised its expectations for year-end 2026: it now projects a controlling net income of between COP 2.7 and 2.9 trillion along with earnings per share of between COP 8,300 and 8,900.
• In terms of profitability, Grupo SURA also raised its projections and expects to end the year with an adjusted ROE between 16% and 17%.
• Grupo SURA would like to highlight the fact that it has generated COP 10 trillion in value for its shareholders, thanks to the appreciation of its shares and the dividends paid over the past year. 

Grupo SURA (BVC: GRUPOSURA and PFGRUPSURA) hereby presents its consolidated financial results at the end of the third quarter of this year, which reflect the sound performance of its financial businesses as well as the significant progress made in terms of its profitability, debt reduction, and value creation for its shareholders.

At the end of Q3, year-to-date controlling net income reached COP 2.3 trillion, representing a recurring growth of 11.5%1 compared to the same period last year. Profitability also continued to trend favorably; adjusted ROE reached 15.4% over the last twelve months,  that is to say 1.6 percentage points above the level recorded at the end of Q3 2025, thereby achieving the target announced for 2028 ahead of schedule. At the same time, during this past third quarter, the Company reduced its net debt by COP 1 trillion and lowered its net debt-to-dividend ratio from 3.1 to 2.4 times.

“The results achieved at the end of this past third quarter, show that we are making good progress in executing our strategy as a Financial Group. During the first nine months of the year, we achieved the profit we had initially projected for the full year 2026. This level of performance, coupled with higher profitability and a sound financial position, is allowing us to raise our expectations for the year and project a faster rate of progress towards the goals we communicated to the market. All of this with a clear purpose: that is to say to generate ever-greater value for our shareholders and all of our stakeholders,” stated Ricardo Jaramillo Mejía, Grupo SURA’s Chief Executive Officer.

Progress Towards Our 2028 Goals 

The year-to-date results at the end of Q3 2026 allowed Grupo SURA to revise its full-year 2026 projections upwards. As a result, the Company expects to report a controlling net income of between COP 2.7 and 2.9 trillion along with earnings per share of between COP 8,300 and 8,900.  If both targets are met, the Company shall have covered approximately 60% of the ground required to achieve its 2028 goals as disclosed to the market. 

Meanwhile, in terms of profitability, Grupo SURA now projects an adjusted ROE of between 16% and 17% for the end of 2026. This new range is approximately 150 basis points above the target set for 2028 thereby  surpassing the cost of capital.

Individual Business Performance

Suramericana reported a controlling net income of COP 702 billion, up by 7.2% compared to the same period last year. This level of performance was driven primarily by the Life Insurance segment, with its corresponding net income increasing by 27%. During the period, Suramericana also managed the impact of the earthquake that struck Colombia. At the end of the month of October, the Company had made payments totaling COP 330 billion, thereby supporting its policyholders in the areas of the country most severely affected by this earthquake.

SURA Asset Management reported a controlling net income of COP 1,046 billion along with a  4.6% growth at a constant exchange rates. Assets under management reached COP 801 trillion, up by 10.5% at a constant exchange rates, while fee and commission income totaled COP 3.2 trillion, representing a 8.5% growth under the same metric.  During the period, the Company highlighted the performance of SURA Investments, whose operating income rose by 101.6% at constant exchange rates, reaching an operating margin of 22.4%, thereby reflecting its increased scale and operating efficiency.

For its part, Grupo Cibest reported a year-to-date net income of COP 6.3 trillion, for a 10.5% increase compared to the previous year, along with an annualized ROE of 21.7%. Net interest income increased by 16.3% to stand at COP 17 trillion, while the net interest margin stood at 7.4% at the end of the third quarter, compared to 7.0% a year earlier. 

Progress in Creating Shareholder Value Reached COP 10 trillion 

Our business performance and capital optimization initiatives have resulted in more than COP 10 trillion in shareholder value, when considering both the appreciation of the shares since the spin-off by absorption as well as the dividends paid over this past year.

Also noteworthy was the growth in the participation on behalf of international funds, which rose from representing about 1% of the Company’s total ownership in 2023 to the current 9%.

Progress on the Share Buyback Program 

As part of its strategy for a more efficient capital allocation along with greater returns for its shareholders, Grupo SURA launched its share repurchase program last October, which has a limit of up to COP 500 billion and will remain in effect until March 2028.

During the first month, the Company repurchased 892 thousand shares, equivalent to 11% of the approved limit, of which 54% were preferred shares and the remaining 46% were ordinary shares. This program shall continue to be implemented in accordance with market conditions.

Other Quarterly Highlights:

Corporate Reputation: in the most recent edition of Merco Empresas Colombia—the country’s corporate reputation benchmark —SURA ranked fourth among the companies with the strongest reputations. In addition, its investee companies also stood out with Bancolombia ranked in first place in terms of both the overall and sectorial rankings; Protección also gained first place in the pension and severance fund industry; and Seguros SURA led the insurance industry

^[1]Change in adjusted pro forma net income for 2025 following the effects of the spin-off with Grupo Argos