Grupo de Inversiones Suramericana S A : 2021 Q3 Newsletter

2021	Q3		Quarterly Earnings
		Newsletter

GRUPO SURA ends Q3 2021 with

COP 18.3 trillion in consolidated revenues, for an increase of 17.4% compared with the same period last year.

YTD net income rose by 181%, reaching COP 1.1 trillion (USD 302 million).

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Q U A R T E R L Y H I G H L I G H T S

Seguros SURA and Protección, named among the best companies to work in Colombia

Both Companies, belonging to the SURA Business Group, held top positions in the Employers For Youth Ranking. The SURA subsidiaries also obtained similarly favorable positions in Peru and El Salvador.

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Grupo SURA´s shares are traded on the Santiago Stock Exchange The Organization promoted its shares during October, along with five other Colombian Multilatinas.

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SURA Asset Management is offering its clients new solutions

A new automated investment advisory service called GestiónPRO was launched, by Proteccion, our Colombian pension fund management firm. New functionalities were also enabled for the qiip financial education platform.

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Suramericana held the first annual "Connect with the Planet" event Here issues concerning us all such as variability and climate change.

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Grupo SURA gained 1,400 new retail shareholders with the "Issuer Week" event Held in conjunction with Trii, Issuer Week featured a series of learning spaces focused on introducing the Company and discussing its investment portfolio in detail.

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Grupo SURA is once again included in the Dow Jones Sustainability Index

The Company has now completed 12 straight years listed on this Index, specifically as a member of the Diversified Financial Services and Capital Markets sector.

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G R U P O D E I N V E R S I O N E S S U R A M E R I C A N A   |  [e-mail]
Teléfono (574) 319 70 39  |  Carrera 43A # 5A-113  |  Medellín - Colombia.	gruposura.com

2021	Q3		Quarterly Earnings
		Newsletter

G R U P O S U R A' S

C O N S O L I DAT E D R E S U LT S

are now approaching pre-pandemic levels

C O N S O L I DAT E D

R E S U LT S Q 3 - 2 0 2 1

Operating revenues

COP 18.3 trillion

(USD 4,937 million*)

17.4%

Operating earnings

COP 1.9 trillion

(USD 510 million*)

37.3%

Net income

COP 1.1 trillion

(USD 302 million*)

181%

Re-stated amounts in dollars:

• Figures taken from the Comprehensive Income Statement using the average exchange rate for Q3 2021: COP 3,697.1

Revenues for all lines of business are showing double-digit growths. Revenues received via the equity method scored a notable growth of 191%.

Grupo SURA reported its consolidated results for the third quarter of this year, which includes a 17.4% growth in operating revenues compared to the same period last year for a total of COP 18.3 trillion (USD 4,937 million). Operating earnings for this past quarter were 37.3% higher than the same period last year with net income at the end of Q3 amounting to COP 1.1 trillion (USD 302 million), for a growth of 181.2%.

These results are mainly due to the positive levels of business performance on the part of Suramericana and SURA Asset Management, which continue to report double-digit growths in premiums and commissions. Similarly, revenues obtained from associates via the equity method rose by 191% compared to the YTD figure at the end of the same period last year, this mainly driven by those from Bancolombia, which has been reducing its level of provisions given more normalized levels of the cost of credit.

In fact, taking into account the consolidated net income figure accumulated over the last 12 months, this would exceed by 10.7% of the total income obtained in 2019, prior to the pandemic. On the other hand, it is important to mention our spending controls which have reined in operative expense, these having increased by only 3.2%, which is lower than the current level of inflation in Colombia, despite the impact of a provision for EPS SURA of COP 114 billion. Finally, the recalculation deferred tax due to the increase in the corporate tax rate income in Colombia, meant an accounting impact of COP 47 billion in net income for the quarter.

"The strength and well-diversified nature of our investment portfolio has allowed us to post a level of consolidated results for this past third quarter that exceeded expectations and brought us even closer to pre-pandemic levels. These positive levels of performance are a message of the trust that Latin America has placed in our products, solutions and services, through which we are helping to provide a more harmonious level of development throughout the region, while creating greater economic value for our shareholders. "

	G O N Z A LO P É R E Z
SEE VIDEO	CEO of Grupo SURA
G R U P O D E I N V E R S I O N E S S U R A M E R I C A N A   |  [e-mail]
Teléfono (574) 319 70 39  |  Carrera 43A # 5A-113  |  Medellín - Colombia.	gruposura.com

2021 Q3

S U B S I D I A R Y

P E R F O R M A N C E

Quarterly Earnings

Newsletter

R I CA R D O JA R A M I L LO M E J Í A ,

Chief Business Development and Finance Officer, discusses the financial results corresponding to Q3 2021.

SEE VIDEO

Growth in revenues broken down per subsidiary segment	Q3 - 21

S U R A A M

Fee and commission income at 3Q21

Retirement savings ..................	13.4%
Investments SURA + SURA IM ...	31.3%

SURA Asset Management (an expert player in the pension, savings and investment as well as the asset management industries) recorded an increase in its fee and commission consolidated income of 15.8%, for a total of COP 2.0 trillion (USD 533 million), thanks to a double-digitgrowth with its Retirement Savings as well as the Inversiones SURA and SURA Investment Management (SURA IM) business lines, underpinned by an improvement with the region´s overall wage base, mainly in Mexico and Chile.

Similarly, it is worthwhile noting the levels of performance obtained by Inversiones SURA and SURA IM, having maintained its operating earnings in positive territory for four consecutive quarters. In fact, during the first three quarters of the year, this segment provided COP 300,959 million (USD 81 million) in revenues, which represents

15% of the total revenues recorded by the Company. Also noteworthy is the amount amortized on the Company's overall indebtedness which was reduced by a further COP 185,500 million this past quarter , for a total reduction this year of COP 505,500 million.

All in all, SURA AM's consolidated net income closed at COP 524,950 million (USD 142 million), for an increase of 104% compared to the same period last year.

S U R A M E R I C A N A

Written Premiums income at 3Q21

Property and Casualty ................	3.4%
Life ..............................................	13%
Health Care .............................	36.5%

For its part, Suramericana (specializing in insurance and trend/risk management) posted a growth of 14.4% in written premiums during the year, which reached COP 15.4 trillion (USD 4,175 million), driven by the good levels of performance that produced growths for all three of its business segments during the third quarter, that is to say, Life (+15.3%), Health Care (+39.2%) and Property and Casualty (+8%). Likewise, the Company continues to rein in spending so as to be able to mitigate the current claims rate, taking into account that for the first nine months of this year a total of COP 1.5 trillion (USD 394 million) has been allocated to pandemic-relatedexpenses and costs. This Company closed with a net income figure

of COP 4,011 million (USD 1 million), returning to the positive values consolidated throughout the year.

An important highlight of Suramericana's regional performance concerns its Mandatory Health Care subsidiary (EPS SURA), in Colombia, which has already applied 4.7 million Coronavirus vaccines. The Company also increased the productivity of its advisory and on-line channels, thanks to the adjustments made to its operating and client engagement models along with new solutions that can be carried out one hundred percent on-line in Argentina, Brazil, Chile, Colombia, Mexico and El Salvador, which shall increase our prospects of gaining new clients in those markets.

The results for Q3 2021 show a more positive outlook for the Group's consolidated performance at year-end and reflect its operating efforts to get ever closer to the figures reached in 2019, prior to when the material impacts of the pandemic began to emerge.

G R U P O D E I N V E R S I O N E S S U R A M E R I C A N A   |  [e-mail]
Teléfono (574) 319 70 39  |  Carrera 43A # 5A-113  |  Medellín - Colombia.	gruposura.com

2021	Q3		Quarterly Earnings
		Newsletter

S H A R E

Information

The GRUPOSURA ordinary share closed at COP 21,400 at the end of Q3 2021, for increases of +15.7% QoQ and +3.8% YoY.

The PFGRUPSURA preferred share closed at COP 18,420 at the end of Q3 2021, for increases of +11.5% QoQ and a decline of -0.4%YoY.

Performance of both shares on the Colombian Stock Exchange, at the end of 3Q

140

130

120

110

100

90

80

70

SEP 20

NOV 20

JAN 21

MAR 21

MAY 21

JUL 21

SEP 21

GRUPOSUR A

COP 21,400

16,537

shareholders

PFGRUPSURA	COLCAP
COP 18,420	1,362 points

had shares in Grupo SURA at the end of Q3, 2021,14,625 of which are private individuals.

S T O C K B U Y - B A C K

P R O G R A M

To date, Grupo SURA has bought back

COP 50 billion of its own shares on the Colombian Stock Exchange (BVC). These trades shall continue to the extent that they represent an efficient capital allocation that generates greater value for both the Company and its shareholders.

G R U P O D E I N V E R S I O N E S S U R A M E R I C A N A   |  [e-mail]
Teléfono (574) 319 70 39  |  Carrera 43A # 5A-113  |  Medellín - Colombia.	gruposura.com

2021	Q3		Quarterly Earnings
		Newsletter

S E G U R O S S U R A A N D P R O T E C C I Ó N I N C O L O M B I A ,

AS E S U I S A I N E L S A LVA D O R , A N D S U R A A M I N P E R U

are among the best companies for young professionals to work for in Latin America

Four companies in Grupo SURA's investment portfolio, through its subsidiaries Suramericana and SURA Asset Management, were recognized in the Employers for Youth (EFY) ranking, the main global survey focused on companies employing young people, evaluating the experience of their employees from this segment of the population.

In Colombia, Protección, and Seguros SURA, ranked as the second and sixth top companies respectively for young professionals to work for in the coun- try. These also were ranked in the top two positions in terms of the organizations belonging to the financial service sector.

For its part, Asesuisa, Suramericana's insurance subsidiary in El Salvador, obtained second place in the country's general ranking. On the other hand, in Peru, SURA Asset Management, which brings together AFP Integra (retire- ment savings) and Inversiones SURA (voluntary savings), occupied 16th place in this country´s own ranking.

More than 100,000 young Latin Americans, from 700 companies in 13 coun- tries, participated in this year´s survey. These results respond to the Orga- nization's strategy to enhance the skills of its young people and encourage a sense of belonging on their part, especially in a world that now has different work dynamics, in which new generations of professionals are providing greater added value to other aspects that go beyond the purely economic and as well as the scale of their employer companies.

"We would like to extend our gratitude and appreciation to our young people for this evaluation, which is theirs and theirs only. Young people are nurturing and leveraging the future of our Company, converting intergen- erational dialogue into a constant opportunity for further development and learning. Talking and listening to their expectations is of great value to us, especially in an environment that places diversity, flexibility, autonomy and trust as fundamental management conditions"

"At Protección, we are focusing on the growth of our young employees, who today number 1,134 millennials and centennials. We are also drawing up different strategies for our young people in Colombia, through the learning ecosystem we have especially designed for these, including the Protección University, alliances with on-line platforms such as Crehana as well as our On-LIne Master Class"

L U Z M A R I N A VE L ÁS Q U E Z	C R I ST I N A R E ST R E P O
CASTA Ñ O
Chief Human Talent Officer
at Seguros SURA Colombia	Chief Human Talent
Officer at Protección

G R U P O D E I N V E R S I O N E S S U R A M E R I C A N A   |  [e-mail]
Teléfono (574) 319 70 39  |  Carrera 43A # 5A-113  |  Medellín - Colombia.	gruposura.com