Thanks to the level of performance obtained last year, the Company continues to reaffirm its leadership on the Latin American pension sector with a market share of 23.4%.

The 18 subsidiaries belonging to Sura Asset Management in the pension, insurance and investment fund sectors, posted a total of USD 113.2 billion in Assets Under Management belonging to 16.7 million clients in a total of six countries,

SURA Asset Management, No. I on the Latin American pension market and a major player in the region´s savings and investment sectors, has announced its financial results for 2013. These mirrored a good level of performance last year with consolidated profits reaching USD 238.2 million.

Neither AFP Protección in Colombia or AFP Crecer in El Salvador were included in the consolidation of Sura Asset Management´s financial statements, since in spite of the important stakes held in both companies, these do not qualify as subsidiaries. Meanwhile, its operating earnings totaled USD 1.631.6 million thanks to a robust stream of commissions, issued premiums and returns obtained from its investments.   Net commission income increased given a higher salary base in Latin America which has risen on average by 15.3%.

Based on this level of financial and operating performance, Sura Asset Management was able not only to carry out its plans but amply surpass its targeted goals.    "Since the Company started up back at the end of 2011, our prime purpose has been to strengthen our leading position in the Latin American pension and savings sector and last year we made a great deal of effort in securing this goal", explained Andrés Castro, Chief Executive Officer of SURA Asset Management.

With a headcount of 9.822, the Company manages a total of USD 113.2 billion in assets belonging to more than 16.7 million clients, which places us at the forefront of the Pension segment, this being of the most important activities in the region´s financial sector.

"We are reaffirming our leadership in the mandatory pension business while securing an important increase in our share of the voluntary pension market, via new acquisitions and setting up new subsidiaries in Mexico, Peru, Chile and Uruguay", added Andrés Castro.

Main achievements for 2013

Peru: AFP Integra purchased a 50% stake in AFP Horizonte, thus becoming one of the largest pension fund management firms in this part of the world.

Chile: our new Stock Brokerage firm was started up and our first Real Estate Investment Fund was launched.

Uruguay: AFISA SURA, an investment fund management firm, was started up.

Colombia : through a contribution-in-kind, made by Grupo de Inversiones Suramericana S.A. the Company increased its stake in AFP Protección S.A. to 49.4 %.

Mexico : the life insurance firm, Primero Seguros de Vida was acquired and consequently Seguros de Vida SURA came into being.

El Salvador: A new insurance brokerage firm was set up specializing in individual life insurance policies.

Finally Mr. Castro made special mention of how the Company is making a tangible contribution to the different Pension Systems, bringing to bear its knowledge and disseminating greater awareness of the importance of saving. It has also played an active part in the public arena regarding certain reforms recently introduced in some countries, and has published a study and subsequent book on:    "How the Private Pension System contributes to economic development in Latin America" in which distinguished economists from Colombia, Mexico, Peru and Chile performed a quantitative assessment of the macroeconomic effects this system has had on the general economy. This investigation concluded that thanks to this new pension system, GDP growth rates have risen by 12.9% in Mexico; 12.75% in Colombia; 8.55% in Chile and 6.22% in Peru.

About SURA Asset Management

SURA Asset Management is a Latin American Pension, Savings and Investment Fund Management firm present in Mexico, Peru, Chile, Colombia, Uruguay and El Salvador. While it is one of Grupo SURA's subsidiaries, it also has six minority shareholders, namely the International Finance Corporation (IFC), member of the World Bank Group; Grupo Bolívar, Bancolombia, the International Equity Firm, General Atlantic, JP Morgan and the Wiese Group. At year-end 2013, SURA Asset Management held a total of USD 113.2 billion in Assets Under Management, pertaining to 16.7 million clients.

About Grupo SURA

Grupo de Inversiones Suramericana -GRUPO SURA- is a Latin American company listed on the Colombian Stock Exchange and registered with the ADR- Level 1 program in the United States.  It is also the only Latin American company from the Diversified Financial Service Sector to be admitted to the Dow Jones Sustainability Index (DJSI), which tracks companies who have become global benchmarks thanks to the best practices they have adopted from the economic, environmental and social standpoints. GRUPO SURA has two fields of investment: its core strategic interests in the financial service, insurance, pension, savings and investment sectors; and its portfolio interests in the processed food, cement and energy sectors.

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