Grupo de Inversiones Suramericana S.A. (BVC: GRUPOSURA)

GRUPOSURA Income Statement

Financials in millions COP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	22,137,573	23,180,982	20,795,149	17,615,643	15,541,320	14,726,827
Total Interest & Dividend Income	2,867,153	2,928,946	1,776,167	1,248,030	724,490	924,850
Gain (Loss) on Sale of Investments	6,236,947	1,744,814	-76,110	667,385	835,265	1,153,154
Other Revenue	7,831,129	7,674,465	6,690,588	5,271,989	3,542,934	4,390,291
Total Revenue	39,072,802	35,529,207	29,185,794	24,803,047	20,644,009	21,195,122
Revenue Growth (YoY)	12.31%	21.73%	17.67%	20.15%	-2.60%	10.01%
Policy Benefits	18,231,038	19,328,918	15,965,757	12,910,679	11,198,835	10,100,592
Policy Acquisition & Underwriting Costs	1,701,998	1,747,583	1,281,692	2,891,597	1,135,156	1,657,435
Depreciation & Amortization	570,453	625,109	541,133	543,424	524,165	503,768
Selling, General & Administrative	6,160,736	5,835,319	4,912,502	3,705,140	3,894,957	3,180,920
Other Operating Expenses	446,706	797,955	738,402	375,593	515,601	732,031
Total Operating Expenses	29,577,814	30,851,517	25,475,019	22,220,400	19,030,840	18,298,298
Operating Income	9,494,988	4,677,690	3,710,775	2,582,647	1,613,169	2,896,824
Interest Expense	-1,398,281	-1,128,275	-986,102	-742,628	-731,409	-716,162
Currency Exchange Gain (Loss)	-128,899	119,891	-33,526	151,677	-91,335	96,870
Other Non Operating Income (Expenses)	4,225	-38,283	37,171	-1,723	9,018	-6,300
EBT Excluding Unusual Items	7,972,033	3,631,023	2,728,318	1,989,973	799,443	2,271,232
Gain (Loss) on Sale of Assets	-	-	-	-	-	66
Asset Writedown	-107,830	143	-	-	8,149	10,152
Other Unusual Items	-29,635	-29,635	-7,137	-	-11,599	-24,789
Pretax Income	7,834,568	3,601,531	2,721,181	1,989,973	796,443	2,256,738
Income Tax Expense	1,252,793	1,569,142	392,783	470,049	453,537	650,706
Earnings From Continuing Ops.	6,581,775	2,032,389	2,328,398	1,519,924	342,906	1,606,032
Earnings From Discontinued Ops.	-111,610	-97,412	16,943	4,668	-6,669	112,646
Net Income to Company	6,470,165	1,934,977	2,345,341	1,524,592	336,237	1,718,678
Minority Interest in Earnings	-386,069	-395,395	-270,345	-116,032	-111,112	-193,141
Net Income	6,084,096	1,539,582	2,074,996	1,408,560	225,125	1,525,537
Net Income to Common	6,084,096	1,539,582	2,074,996	1,408,560	225,125	1,525,537
Net Income Growth	234.03%	-25.80%	47.31%	525.68%	-85.24%	28.97%
Shares Outstanding (Basic)	432	579	579	579	582	582
Shares Outstanding (Diluted)	432	579	579	579	582	582
Shares Change (YoY)	-25.36%	-	-	-0.47%	-	-
EPS (Basic)	14072.51	2657.99	3582.34	2431.78	386.83	2621.30
EPS (Diluted)	14072.51	2657.99	3582.34	2431.78	386.83	2621.30
EPS Growth	347.52%	-25.80%	47.31%	528.65%	-85.24%	28.97%
Free Cash Flow	256,888	1,018,422	8,491,384	1,758,819	1,682,798	2,285,186
Free Cash Flow Per Share	594.18	1758.24	14659.81	3036.48	2891.52	3926.59
Dividend Per Share	1400.000	1400.000	1280.000	784.000	603.400	583.000
Dividend Growth	9.38%	9.38%	63.27%	29.93%	3.50%	6.00%
Operating Margin	24.30%	13.17%	12.71%	10.41%	7.81%	13.67%
Profit Margin	15.57%	4.33%	7.11%	5.68%	1.09%	7.20%
Free Cash Flow Margin	0.66%	2.87%	29.09%	7.09%	8.15%	10.78%
EBITDA	9,764,829	5,002,187	3,990,873	3,126,071	2,137,334	3,201,985
EBITDA Margin	24.99%	14.08%	13.67%	12.60%	10.35%	15.11%
D&A For EBITDA	269,841	324,497	280,098	543,424	524,165	305,161
EBIT	9,494,988	4,677,690	3,710,775	2,582,647	1,613,169	2,896,824
EBIT Margin	24.30%	13.17%	12.71%	10.41%	7.81%	13.67%
Effective Tax Rate	15.99%	43.57%	14.43%	23.62%	56.95%	28.83%
Revenue as Reported	39,072,802	35,529,207	29,185,794	24,803,047	20,873,569	21,328,165

Source: S&P Capital IQ. Insurance template. Financial Sources.