Sura 2024

Our 2024 Annual Report contains the highlights of Grupo SURA's performance, results and commitments, this in keeping with our strategic purpose of achieving sustainable profitability

Annual Report 2024

Now that we are celebrating SURA's 80th anniversary, our way of doing business is taking on greater importance since it not only identifies us but has inspired the trust of millions of people for decades, this based on the premise that results are just as important as the way these are achieved.

Ricardo Jaramillo Mejía

Chief Executive Officer - Grupo SURA.

Message to our shareholders

Our key figures for 2024

Financial performance

Business footprint

Commitment to society

Sustainability

Consolidated figures at year-end 2024

COP 0 billon

Total income

+54%

COP 0 billon

+27.7%

Participation method

+94.6%

COP 0 billon

Operating profit

Evolution of recurring controlling net income

Dividends received from our
portfolio companies in 2024

Milestones reached in 2024

February

March

April

June

July

August

September

October

November

December

Breakdown of dividend performance per share

Post-closing events

COP 1,500

was the dividend per share that our Board of Directors approved for the consideration of our Shareholders at their 2025 Ordinary Meeting. This represents an increase of 7.1% compared to that approved in 2024.

+7.1%

Performance of our

principal investments in 2024

SURA Asset Management

Suramericana

Bancolombia

Figures

65.3%

Controlling net income

COP 751billion

*Excluding amortization of intangibles. Also excluding the effects of the divestitures in Argentina and El Salvador in 2023 The health care subsidiary, EPS SURA is excluded for the year 2024. Equity is adjusted due to having restated VAT for both 2023 and 2024.

13.1%*

Adjusted ROE

*Excluding the health care subsidiary, EPS SURA
**Excluding exchange rate effects

6.6%**

Pro forma written premiums*

COP 20.7trillion

Figures

*Excluding exchange rate effects

17%*

Controlling net income

COP 885billion

*Excluding amortization expense corresponding to intangible assets relating to acquisitions.

9.0%*

Adjusted ROE

*Annual variation excludes exchange rate effects and the divested operation in El Salvador in 2023.

11.7%*

Assets under Management (AuM)

COP 719trillion

Figures

2.5%

Controlling net income

COP 6.3billion

*Excluding amortization expense corresponding to intangible assets relating to acquisitions.

15.8%

ROE

2.5%

Grupo SURA’s revenues via the equity method

COP 1.5trillion

Corporate Governance

Board of Directors

Senior management

Grupo SURA's
Governance Structure

A new Board of Directors was appointed at the Ordinary Shareholders' Meeting held on March 22, 2024.

7 directors, all principal members

3 independent members

4 equity members

26 board meetings were held in 2024, all meeting the quorum required for deliberating and deciding on the matters brought before them.
28 board committee meetings were held in 2024,

CEO's Committee

Ricardo Jaramillo Mejía

Chief Executive Officer - Grupo SURA

Juan Esteban Toro Valencia

Chief Corporate Finance Officer

Juan Luis Múnera Gómez

Chief Corporate Legal Affairs Officer

Ricardo Jaramillo took over as the Company´s Chief Executive Officer on May 1, 2024. Following his appointment, Juan Esteban Toro was appointed Chief Corporate Finance Officer taking over as of June 15.