Grupo de Inversiones Suramericana SA operates within the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grupo de Inversiones Suramericana SA with three other
insurance companies in Latin America:
BB Seguridade Participacoes SA
of Brazil
(2018
sales of 5.29 billion Brazilian Reals [US$1.29 billion]
of which 102%
was Insurance),
IRB Brasil Resseguros SA
of Brazil
(6.66 billion Brazilian Reals [US$1.62 billion]
), and
Bicecorp SA
which is
based in Chile
(963.91 billion Chilean Pesos [US$1.36 billion]
of which 55%
was Life Insurance).
Sales Analysis.
During the year ended December of 2018, sales at
Grupo de Inversiones Suramericana SA were 18.39 trillion Colombian Pesos (US$5.37 billion).
This
is
a
decrease of 5.2%
versus 2017, when the company's sales were 19.40 trillion Colombian Pesos.
Contributing to the drop in overall sales was the 63.6% decline
in Corporate, from 2.72 trillion Colombian Pesos to 989.03 billion Colombian Pesos.
There were also decreases in sales in
Insurance (down 11.5% to 11.85 trillion Colombian Pesos)
and
Fund Management (down 10.5% to 3.09 trillion Colombian Pesos)
.
However, these declines were partially offset by the increase in sales of
Services (up 20.4% to 4.44 trillion Colombian Pesos)
.