Premiums, investments and exchange rate helped drive a growth of 30.9% in Grupo SURA´s net income for the third quarter of this year

​​ The Company's net income reached COP 1.5 billion (USD 519.2 million) for the first nine months of this year, representing a growth of 30.9% compared to the same period last year. Consolidated revenues totaled COP 13.5 billion (USD 4.7 billion), for an increase of 34.4%. Consolidated assets rose by 17.1%, while Shareholders´ Equity corresponding to the Parent Company fell by 2.0% compared to year-end 2015.   November 25, 2016 - Today, Grupo Suramericana de Inversiones Suramericana - Grupo SURA - reported its financial results for Q3 2016, the main highlight of which was the positive level of operating performance obtained in terms of both insurance premiums (+ 39.1%), as well as investment income (+ 67.4%), this coupled with favorable exchange rate. The Company's consolidated revenues rose by 34.4% to COP 13.5 billion (USD 4.7 billion), producing a year-to-date net income of COP 1.5 billion pesos (USD 519.2 million), for a growth of 30.9% compared to the same period last year. Grupo SURA´s consolidated assets came to COP 65.0 billion (USD 22.6 billion) on a YTD basis, showing a drop of 17.1% compared to year-end 2015. Equity attributable to the shareholders stood at COP 22.4 billion (USD 7.8 billion), showing a drop of 2.0%, this due to having acquired an additional stake in SURA Asset Management. These figures also included consolidated wealth tax which for this year amounted to COP 87.624 million (USD 30.4 million).   Upon presenting Grupo SURA's results, CEO David Bojanini, stated: "Based on the results obtained for the first nine months of the year and the plans in place from here to the end of the year we can safely say that we had a gratifying year with regard to our business performance, in spite of the difficulties encountered, especially in terms of increased market volatility as well as the political and economic uncertainty prevailing on a global level. Our overarching focus today is to continue consolidating our regional operations which are now all the more comprehensive in nature while offering significant potential for organic growth. Business performance SURA Asset Management, Grupo SURA's specialized pension, savings and investment subsidiary, obtained much better margins this year, thanks to the all-out efforts made in terms of controlling costs and expenses. Furthermore, it is worth noting the good level of performance obtained from the Company's investments as well as the robust growth rate its voluntary pension and savings business is currently reporting, as well as its other lines of business, such as its asset and investment management solutions for the corporate segments. Lastly, and with regard to Suramericana S.A., the Group´s specialized insurance and risk/trend management subsidiary, the results reported for Q3 continue along the same positive trend as for the first half of the year, now that it has taken over RSA's former Latin American operations in their ​