We are a Colombian investment manager that develops with a long-term vision a solid investment portfolio focused on financial services and growth potential in Latin America, through leading companies in insurance, savings, asset management and banking, complemented with industrial investments.
With the strategic objective of obtaining sustainable profitability, we seek to provide our shareholders with an economic return that exceeds the cost of capital and to create value for our other stakeholders, with a view towards the long-term.
We are also evolving our strategy, which is allowing us to anticipate risks, opportunities and strengths of a balanced management of the four capitals: financial, social, human and natural. This is only sustainable when our portfolio companies, through their own lines of business, help people and companies face the uncertainties both now and in the future while promoting the well-being and development of the territories where these are present.
The priority focus of our capital allocation strategy is on the financial and related service industry, with our three core investments:
• Suramericana, a specialized player in the insurance industry, which, as a trend and risk manager, provides capabilities to people and companies in all nine countries where we are present. It is the third largest insurance company of Latin American origin measured in terms of written premiums.
• SURA Asset Management, an expert player in pension, savings, investment and asset management industries, with a presence spanning six countries. It leads the regional pension industry and is currently positioning itself as an investment platform for its institutional and corporate clients.
• Bancolombia, a company in which Grupo SURA is the main shareholder (albeit non-controlling), offering specialized and complementary universal banking services as the leading bank in Colombia. Its subsidiaries make up the main financial network in Central America.
We are also the main shareholders (albeit non-controlling) in two industrial investments with which we share equity ties and a philosophy of doing business:
• Grupo Argos, an infrastructure holding company with a direct presence in 18 countries throughout the Americas, through its cement and energy lines of business as well as its road and airport concessions.
• Grupo Nutresa, is a leader in processed foods in Colombia and a relevant regional player in its industry, with direct operations in 17 countries and brands present in 82 markets, from its 8 business lines in meat, cookies, chocolates, coffees, consumer foods, ice cream, pasta, and Tresmontes Luccetti. Since the third quarter of 2023, this investment has been reclassified in the financial statements as a non-current asset held for sale, by the Framework Agreement* signed on June 15, 2023.
• Sociedad Portafolio, since December 2023, we have been the main shareholder of this company, which was created as part of the execution of the Framework Agreement signed on June 15 of that year. This investment company is the result of the symmetrical spin-off process of Grupo Nutresa and manages the portfolio of shares that this food company had in Grupo Argos and Grupo SURA.
All in all, our investments provide a well-balanced diversification and exposure to different risks, industries, geographies, and stages of maturity of the portfolio’s businesses.
Since 2011, Grupo SURA has been included in the Dow Jones Global Sustainability Index (DJSI), which recognizes companies with the best economic, social, and environmental practices.
*Defines the terms and conditions to enter into a series of transactions that, once the pertinent corporate and regulatory authorizations are obtained, will result in Grupo SURA and Grupo Argos ceasing to be shareholders of Nutresa and, in turn, JGDB, Nugil and IHC will cease to be shareholders of Grupo SURA.
Human talent
Communication and relationship with the environment
Applied research
Capital management
Risk management
As of year-end 2023, miscellaneous financial services represented 66.1% of our investments, and we participate through our companies in the insurance, pension, savings and investment, and universal banking sectors.
We expanded our portfolio by participating in industrial investments (cement, energy and concessions).
SURA Ventures is a program that allows us to dynamize the transformation of our investment portfolio, based on its corporate purpose as a financial services holding company. Our goal is to find businesses and opportunities with a long-term horizon, to understand the new ecosystems, business models and emerging technologies applied. What do we look for in the companies in which we decide to invest? Companies that are innovative and scalable, generate disruption and have strategic profitability.
We complement our portfolio with investments in other service companies, in which we identify future growth potential.
We seek that all our actions and decisions start from Transparency, Respect, Responsibility and Equity.
To have a fair and balanced treatment in relationships, considering the individuality, context, and conditions of all individuals.
Recognizing others for their individuality and their context. Accepting and valuing them as they are. Considering the viewpoints, needs, and opinions of individuals and interest groups.To have a fair and balanced treatment in relationships, considering the individuality, context, and conditions of all individuals.
Fulfilling agreements and commitments, exceeding expectations for the benefit of the company and society, and taking responsibility for the consequences of actions and decisions.
Ensuring openness, clarity, precision, and timeliness in the delivery and management of information and relationships within the legal framework and business prudence.
At the beginning of 2021, we updated the strategic definitions that steer Grupo SURA’s decisions and roadmap. This was based on an ever-changing environment and a vision that has been enriched by carefully listening to and talking constructively with different stakeholder groups, to create added value, particularly for our shareholders, our portfolio investments, and society at large.
Our strategic objective of achieving sustainable profitability recognizes the importance of contributing to the harmonious development of society and generating value for our investors. This is achieved through a balanced and integrated management of four capitals: economic, human, social, and natural.
To achieve this objective, we have a team of human talent that has the necessary skills and abilities to develop our own applied knowledge of our different lines of business, which forms part of our priority investment focus, as well as the countries in which we are present. This knowledge allows the Organization to differentiate itself and manage its capital and risk exposure in a much more optimal manner, to consolidate a balanced portfolio.
Our consistent and coherent work, in strict compliance with corporate principles, are the reflection of relationships based on the trust of the different stakeholders with whom we interact.
For the second consecutive year, the Company earned two awards, having been ranked in top position as "Leading Company in Sustainability" in Colombia while also receiving the "Grand Prix Empresa ALAS20" recognition, which is awarded to only one company out of the six countries included in this survey namely Brazil, Chile, Colombia, Spain, Mexico and Peru. This initiative evaluates, rates and recognizes excellence in the public disclosure of sustainable development and responsible investment practices on the part of both companies and investors.
In the 2024 edition of Merco Colombia's Merco Talento ranking, SURA was recognized as the best insurance company and the sixth best organization to work for in the country. This completes ten consecutive years figuring among the ten most outstanding companies in the country in this area and fifteen years of being included in this ranking. This recognition reflects the Company's commitment to a comprehensive management of it human talent and the recognition of the human being and the employee as being at the core of its strategy.
The annual Merco Responsabilidad ESG ranking recognizes the 100 most outstanding companies in Colombia for their good governance and corporate responsibility practices. Here, SURA was ranked in first place in the insurance sector and sixth overall, thereby completing the last 9 consecutive years among the 10 best-evaluated organizations.
For the 13th consecutive year, Grupo SURA was included in the S&P Global Sustainability Yearbook, a publication in which the Standard & Poors rating agency recognizes 15% of the best-performing companies in terms of sustainability on a global level, in each of the industries that make up the Dow Jones Sustainability Indexes (DJSI). With this, our Company is a leader in sustainability in the Diverse Financial Service sector on a global level.
Credit rating agency S&P included Grupo SURA in the 2023 edition of the Dow Jones Sustainability World Index, thanks to its management and the performance of Suramericana and SURA Asset Management, with operations in Latin America. The inclusion in the index is based on the results of the Corporate Sustainability Assessment (CSA) through which S&P evaluates management in economic, social, and environmental dimensions. For 2023, Grupo SURA achieved a rating higher than 98% of organizations in its industry, with a total of 67 points out of 100.
The Corporate Reputation Business Monitor (Merco) recognized SURA as the 6th company with the best reputation in Colombia in its overall evaluation. Likewise, Seguros SURA Colombia maintains its 1st position in the insurance sector, and Protección remains the leader in pensions and severance pay. With these results, the SURA Business Group has been among the top ten organizations in the country for 13 consecutive years.
We were recognized as the third-largest player in the Latin American insurance sector, measured by the volume in dollars of premiums issued, as well as the sixth-largest player overall, according to the latest study by the Mapfre Foundation. This result takes into account the premiums issued by Suramericana, with its Seguros SURA operations in 9 countries in the region, as well as the premiums of Asulado, created at the end of 2022 by SURA Asset Management and focused on pension and life annuity insurance in Colombia.
In their Top CEO Latam 2023 ranking, the specialized media recognized Gonzalo as the best leader in the financial services sector and the sixth overall. The study considered a universe of 87 Latin American companies listed on the stock exchange that have performed outstandingly in terms of returns for their shareholders. This recognition also reflects the effort and expertise of the various teams and companies in the portfolio.
The Merco Talento 2023 study assessed SURA as the sixth-best company to work for in Colombia, recognizing its comprehensive management to attract and retain talent. With this result, we have been ranked for 14 years and consecutively for 9 years among the top 10.
Standard & Poor’s rating agency awarded the company a score of 66 out of 100 after evaluating its performance in environmental, social, and governance aspects. This score surpasses the average for organizations in Latin America, North America, and the Asia-Pacific region.
Our company secured the 5th position among the top 100 companies with the best governance and corporate responsibility practices, as disclosed by Merco Colombia. The ranking also places SURA in the 1st position in the insurance sector and the 3rd place in the dimension of ethics and corporate governance. With these results, the company completes eight consecutive years among the top 10 companies with the best ESG (environmental, social, and governance) performance in Colombia.
Our company was included by S&P in the latest edition of the Sustainability Yearbook, a publication that recognizes the top 15% of companies with the best performance in economic, environmental, and social matters in each of the 61 industries that are part of the Dow Jones sustainability indices. This year, the Yearbook includes 708 companies globally.
For the first time, the company is one of the 484 organizations included in this ranking developed by Bloomberg, following an external and independent evaluation based on publicly reported information. This recognition is the result of Grupo SURA, Suramericana, and SURA Asset Management's commitment to comprehensive human capital management, especially in areas such as building an inclusive work environment and attracting and retaining talent.
In the latest CDP report, a nonprofit organization managing a global disclosure system, Grupo SURA improved its rating from "C-" to "B-" in 2022, thanks to significant progress in its climate change management. With this result, the company surpasses the average both globally and in Latin America.
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