Grupo SURA closes a positive quarter with a 28% annual growth in revenues and a historically low coefficient of debt

-- Ratified in the Dow Jones Sustainability Index and an increased international investment position back the Company's results at the end of Q3.

-- Accumulated operating revenues amount to COP 702,313 million (USD 368 millions) displaying a 28% annual growth, while revenues in Q3 were COP 304,919 million (USD 160 million).

-- The Company's accumulated net profit closed at COP 593,647 million (USD 311 million), climbing 29% compared to the same period of 2012.

-- Assets reached COP 22.3 billion (USD 11.7 billion) exhibiting an 8.2% increase during the quarter. Equity closed at COP 21.5 billion (USD 11.3 billion) with a 9.3% increase in the quarter.

-- The net financial indebtedness coefficient of Grupo SURA is set at 2.2%, ratifying its sound financial position.

MEDELLIN, Colombia, Nov. 1, 2013 /PRNewswire/ -- Grupo SURA presented its 3Q13 results, a period that highlights operating revenues amounting to COP 304,919 million (USD 160 million). The above represents, so far this year, a total sum of COP 702,313 million (USD 368 million) with a 28% annual growth.

Likewise, the accumulated net profit was COP 593,647 million (USD 311 million), with a 29.3% annual increase. Net contribution in the quarter was COP 244,217 million (USD 128 million), which represents a 293% increase compared to 2Q13, and 89% higher than the same period in 2012.

The sound performance in 3Q13 is based on the good operating results of subsidiaries Suramericana and SURA Asset Management, and on the recovery of global markets reflected on investment yields as well as the dividends registered on the income statement of Grupo SURA. 

Figures backing the sound financial position

On the other hand, the Company's assets reached COP 22.3 billion (USD 11.7 billion), a figure that displays an 8.2% increase compared with June, 2013, and a 3.15% increase at the end of 2012. With regards to Total Liabilities, a 15.8% decrease was achieved in the quarter, with closes at September with a historically low financial indebtedness coefficient of 2.2%. In addition, the result of the rating revision made by Standard & Poor's is worth highlighting, which climbed from BBB- to BBB with stable outlook. This improved rating sheds light on the Company's strengths in terms of the consolidation of its operations in Latin America, the performance of its businesses in different countries, the financial soundness of its investments. Indeed, S&P acknowledges, among others, the Company's flexibility to access capital, sound investments portfolio, and stable flow of dividends.

Moreover, the financial results are supported by the Company's inclusion, for the third year in a row, in the Dow Jones Sustainability Global Index, which assesses the social, economic and environmental performance of organizations. Grupo SURA obtained an important valuation in the economic setting, displaying one of the best scores.

It is also worth highlighting that the Company in Q3 successfully completed the merger process after acquiring 50% of AFP Horizonte in Peru, a process made by SURA Asset Management, subsidiary of Grupo SURA. The merger was completed within the terms set forth when the purchase was announced. The pension funds of subsidiaries rising from AFP Horizonte, assigned to AFP Integra, are already being managed by this pension fund manager of SURA, turning Integra into a largest pension fund of Peru.

"We are extremely satisfied with the Company's results of the end of the quarter. Operations in different countries still display a good performance, our growth plans are still underway in accordance with the estimates made, and the market performance was favorable as well. Likewise, today we have a historically low debt indicator thanks to a rigorous plan implemented for this purpose since early 2012, which confirms the Company's sound financial standing," said David Bojanini, President of Grupo SURA.

About GRUPO SURA

Grupo de Inversiones Suramericana -Grupo SURA- is a Latin American company that listed on BVC, the Colombian Stock Market, and is registered in the ADR – Level I program in U.S.A. In addition, Grupo SURA is the only Latin American entity of the Diverse Financial Services setor that is listed in the Dow Jones Sustainability Index, which in turn acknowledges the companies that stand out worldwide for their sound economic, environmental and social practices. GRUPO SURA has two types of investments: strategic, targeting the financial services, insurance, pensions, savings and investment. The investments portfolio primarily includes the sectors of processed foods, cement and energy.

Contact:
Luis Eduardo Martinez
Investor Relation
(574) 435 5628
Email: lemartinez@gruposura.com.co