
Medellín, April 26, 2012. Today GRUPO SURA reported its financial results for Q1 2012. Profits came to COP 178,233 million (USD 99.5 million), showing a YoY growth of 135%, which went over and above that forecast by the Company, thanks mainly to the results posted by SURA Asset Management, the Group´s sub-holding, representing the assets recently acquired from ING, as well as SURAMERICANA, its insurance and social security sub-holding, that also got off to an excellent start to the year.
Clearly GRUPO SURA is beginning to reap value from the expansion begun last year. On the one hand, SURA Asset Management posted USD 291 million in revenues for this past quarter, going far beyond the initial projections drawn up prior to the ING acquisition…
...