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2024 Annual Report

Why do we choose what we choose?

In the SURA Insurance podcast, we address the daily decisions that shape our lives.

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2024: We are Company

We work for more capable people and companies
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Juana Francisca Llano

Our growth in 2024 is the result of an operating model that seeks to provide well-being and competitiveness to people. This, combined with a strategic vision with three key focuses: operational efficiency, market development, and sustainable profitability, allows us to anticipate our customers' needs. As a company, we will continue to evolve by consolidating our regional presence and pursuing digital transformation to guarantee valuable solutions for the people who trust us.

Juana Francisca Llano Cadavid President of Suramericana SA Read Annual Report 2024

As we have done?

We are celebrating 80 years as a company

We have established ourselves as a trend and risk management organization that, based on a structured understanding of the environment, offers products and services that respond to the needs of people and businesses in Latin America.

7

Countries

# 4

Latin American insurance group in Latin America. With stable growth in 7 countries.

# 1

Insurance company in Colombia with leading positions in Chile and Uruguay.

19 thousand

Employees.

20 million

Customers (16 million customers and 5 million EPS users).

This is how we manage the uncertainties of people and companies

Since 1944, SURA has been present in the most decisive moments of Latin Americans' lives, supporting them in managing their well-being and competitiveness so they can ensure their lives are safe. Over these 80 years, we have built trust, consolidating our ability to be and serve as a companion in a constantly changing world.
During 2024, this purpose reminded us of the most essential aspects of our business and reiterated our long-term vision.
Today, looking back, we understand that we have grown alongside those who have allowed us to accompany them. Because our history is made up of many stories.

$5.1

billions in growth Annual Pass income or premiums 

$1.38

billions in growth in consolidated assets 

$186

millions in net profits

16.1%

RED

Business diversification

84%

Volunteers

16%    

Mandatory

Line of business

Excludes ARL

35% 

Companies

21%

Lifespan

20%

Health

23%

Cars

How what we do is evidenced

How we do it

We understand our company as a great enabler of people's development. Strengthening their capabilities and skills and providing a space in which the diversity and flexibility necessary to expand their knowledge through experience is promoted., It makes us a human group that generates value in each of the societies in which it is present. 

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How we make decisions

Ethics, Corporate Governance and Regulatory Management

In 2024, we continued to operate under the highest standards of corporate governance, ensuring transparent, efficient management aligned with our strategic objectives. The work of our boards, committees, and assemblies enabled informed and responsible decisions, reflecting a high level of engagement in the Company's direction and objectives. Furthermore, in ESG risk management, the Board's effectiveness was highlighted, although an opportunity was identified to further strengthen the expertise of some of its members in this area.
To continue moving forward, the goal was to foster a more proactive approach to generating disruptive and innovative ideas, as well as integrating emerging technologies to strengthen competitiveness. The need to enhance diversity and inclusion and develop succession plans that consolidate key knowledge for the future was also established.

 

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Ethics and corporate governance

Our investors

Learn about our shareholding structure and main shareholders 

81.13%

Stocks

SURA Group

18.87%

Stocks

Munich RE

It is composed of:

  • Inversiones y Construcciones Estratégicas S.A
  • Fundación Suramericana
  • Operational link SA

0,00%

Stocks

How we are committed to the sustainable development of the region

social and planetary health

Planetary Social Health, a commitment

In 2024, we will celebrate 80 years of being and doing a sustainable company for many generations in Latin America.
Suramericana has adopted the Social and Planetary Health program as its framework, aiming to contribute to the balance between social dimensions and planetary boundaries. Through this initiative, it seeks to guarantee a dignified and just space for people, promoting inclusive and sustainable economic development in harmony with the environment.
In line with this commitment, the Company, through its Geosciences team, was the only Latin American insurer to participate alongside UNEP-FI and the NPI working group in the creation of a global guide for insurers on priority actions for nature, launched in December 2024. This guide focuses on three key areas: understanding the interconnection between the insurance industry's businesses and nature; assessing dependencies, impacts, risks and opportunities; and developing strategies to address these challenges, with the aim of strengthening a sustainable social fabric.