Grupo Sura's General Shareholders' Assembly, with over 70% quorum, approved the distribution of $655.411 million in earnings, including a $2,000 per share dividend marking a 33% annual increase. Company president Ricardo Jaramillo highlighted the group's strong financial results. The new Board of Directors was also formed until 2028.
With a quorum exceeding 70%, Grupo Sura's General Shareholders' Assembly approved senior management's proposal to distribute $655.411 million in earnings. This includes a $2,000 per share dividend, which company president Ricardo Jaramillo said represents a 33% annual increase.
"At this moment for Grupo Sura, we consider that these resources can be distributed equitably: we propose a dividend that increases 33% annually," Jaramillo told shareholders. The executive noted that reducing the organization's leverage will allow greater margins to generate value for owners in the future.
Jaramillo highlighted financial achievements: consolidated revenues of $28.7 trillion, operating profit of $4.4 trillion, and a record recurring net profit of $2.3 trillion. Adjusted return on equity reached 13.7%. Moreover, the ordinary share appreciated 78% and the preferred share 99% over the year, outperforming Colombia's market by about 50%.
"These indicators not only show good annual performance but also a consistent trajectory over the last five years," he stated. The group was also included in international indices like FTSE and MSCI, boosting visibility for global investors.
The assembly approved the new Board of Directors until 2028, featuring proprietary members Jaime Velásquez Botero and Luis Javier Zuluaga Palacio, and independents Bernardo Vargas Gibsone, Claudia Betancur Azcárate, Guillermo Villegas Ortega, Pedro Mejía Villa, and Raquel Bernal Salazar. Departing are Jorge Mario Velásquez, Jaime Arrubla, and Alejandro Piedrahita. Fees were set at $12.6 million per member and $2.75 billion for board costs.
