• Special mention was made of  the solvency and liquidity indicators of all the rated companies.
• The “AAA” rating was also reaffirmed for Suramericana´s ordinary bonds in the amount of COP 1 trillion.

BRC Investor Services, the securities ratings company, confirmed its 'AAA' rating for Suramericana´s long-term debt, for both the Property & Casualty as well as Life Insurance branches of insurance of its subsidiary Seguros SURA Colombia, as well as its ordinary bonds worth COP 1 trillion. This decision ratifies the Company's sound financial position in the midst of a year still enduring the pandemic, yet on the road to economic recovery, thanks to the relevance of its strategy of delivering well-being and competitiveness to both private individuals and companies.

“Receiving an 'AAA' rating once again from BCR Investor Services is a confirmation of our sound financial position over the long term, which allows us, through our nine subsidiaries throughout Latin America, to continue driving people´s well-being throughout the region, thanks to our human talent and our role as trend and risk managers. Our commitment is and shall always be to continue with an adequate financial management that will in turn allow us to maintain healthy levels of liquidity," said Juan Fernando Uribe, Suramericana's Chief Finance Officer.

"Our priority at Seguros SURA Colombia, as trend and risk managers, is to carry out measures aimed at reducing exposure to risks and guarantee the Company's sustainability. This year undoubtedly accelerated the transformation of our business model in order to be able to respond to changing market needs, which also includes diversifying our portfolio of solutions and streams of revenues and in this way increase the volume of active premiums. This ratification  of our 'AAA' rating only goes to confirm our ongoing competitive market position that we maintain in the individual and corporate segments in Colombia as well as the Company's financial solvency," said Luis Guillermo Gutiérrez, Chief Finance Officer of Seguros SURA Colombia.

It is worth noting that in the latest ranking of Latin American insurance groups, carried out by the economic studies division of the Mapfre Foundation, Suramericana was ranked as the third Latin American insurance company, highlighting that Suramericana's market share in 2020 was 2.9% of the total held by the rest of the industry.