Grupo Sura's profits totaled $519 billion at the end of March, 12.2% less than a year ago.

Consolidated net earnings for Grupo Sura—one of the country's largest financial conglomerates—in the first quarter of 2025 were 12.2 percent below the results for the same period last year. They totaled 519 billion pesos, according to the organization's report to the market on Thursday of this week.

Despite this decline, its management emphasized the group's strength and the consistency of its portfolio, while highlighting that the company expects to close 2025 with a controlling net income of between 1.7 and 1.9 trillion pesos, placing its first-quarter results at the high end of expectations.

“The consolidated results at the end of March demonstrate the solidity of our investments and the consistent performance of the companies in our portfolio. This first quarter represents a good starting point toward achieving the goals we have set for this year and reflects our specialization in financial services ,” said Ricardo Jaramillo Mejía, president of Grupo Sura.

The conglomerate's operating revenue reached 7 trillion pesos, and operating profit totaled 1.2 trillion pesos, its management indicated, adding that it is necessary to take into account that extraordinary events associated with the group's performance occurred in 2024. For this reason, adjusted figures are presented that exclude non-recurring effects, so that the results are comparable and more clearly reflect the operational and business performance of the investments.

According to Sura, operating income grew 4.8 percent annually in the first three months of 2025, driven by the growth in premiums from Suramericana, higher commission income from Sura Asset Management, and the positive performance of Bancolombia.

Adjusted operating profit was 1.2 trillion pesos, 5.6 trillion pesos less than in March of the previous year, due to lower returns on investments in the pension and asset management businesses, which contrast with a favorable first quarter of 2024.

According to Grupo Sura's quarterly balance sheet, in that period of 2025, Bancolombia consolidated a net profit of 1.7 trillion pesos, growing 4.5 percent compared to the same period of the previous year, and an ROE of 16.3 percent, leveraged by a lower cost of risk, also highlighting "the capacity to generate profits in an environment of declining interest rates," they indicated.

For its part, Suramericana closed the quarter with 4.5 trillion pesos in written premiums, a 7.3 percent annual growth. Thus, controlling profit totaled 204 billion pesos, a comparable increase of 42.8 percent compared to the first quarter of 2024. The performance of the Life segment stands out, registering a 13.2 percent growth in written premiums and a 60.7 percent growth in net income.

Finally, its asset manager, Sura Asset Management, had positive performance in the same period this year in assets under management (AUM) and operating revenues and results. AUM reached 734 billion pesos, 11 percent more than in March of last year, while fee income grew 8.1 percent at a constant rate, totaling 1 trillion pesos, driven by strong performance in both the Savings and Retirement (pensions) and Sura Investments segments.

"Although this subsidiary's operating profit was impacted by lower investment returns and increased expenses, normalization is expected during 2025. As a result , Sura Asset Management's controlling net income closed March at 237 billion euros, and ROE stood at 8.2 percent," the organization stated.