Grupo Sura 1H 2026 Net Income Rises 37.7% Year-on-Year

Medellin-based multinational insurance and asset-management giant Grupo Sura nnounced October 13 that first half (1H) 2026 net income jumped 37.7% year-on-year, to COP$1.7 trillion (US$545 million).

Revenues for 1H 2026 also rose 14% year-on-year, to COP$16.6 trillion (US$5.3 billion), while operating profit rose 23%, to COP$3.2 trillion (US$1.02 billion), according to the company.

The profit growth was “mainly driven by the growth in investment income, a greater contribution from the equity method and a controlled evolution of operating expenses,” according to Sura.

“Written [insurance] premiums amounted to COP$5.9 trillion [US$1.9 billion] in the second quarter [2026] and COP$11.5 trillion [US$3.7 billion] at the end of the first half of this year, remaining stable compared to 2025 mainly because of the revaluation of the Colombian peso.

“Suramericana [insurance division] growth was offset by lower premiums at Sura Asset Management, especially in ‘Asulado,’ where annuity issuance decreased in line with the sectoral trend.

“Fee and commission income reached COP$1.3 trillion [US$417 million] during the second quarter, remaining stable compared to the same period last year,” while 1H 2026 fee-and-commision income rose 5.8% year-on-year, to COP$2.6 trillion (US$834 million), “driven mainly by the performance of Sura Asset Management S.A., which showed an increase of 10.4% at constant exchange rates,” the company added.

Sura profits also benefitted from its partial holdings in Colombian banking giant Grupo Sibest (Bancolombia), “reflected in an increase in net interest income and a controlled cost of credit,” according to the company.

“Investment income grew 68.8% to COP$3.6 trillion [US$1.15 billion], favored by higher gains on investments at fair value. This result was driven by the good performance in Sura AM of the legal reserve s in Colombia and Peru, as well as by valuations in Asulado’s fixed income portfolios derived from the reduction in long-term real rates,” the company added.