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Financial News: SURAMERICANA: Net Income In 3Q17 Drops 11.6%, 460.3

SURAMERICANA: Net Income In 3Q17 Drops 11.6%, 460.3 Million Pesos

11/16/2017 - 16:42:00 (RTTNews)

(RTTNews) - Colombian insurance company Grupo Suramericana reported a 460.3 million pesos (US$ 152,400) net profit in the third quarter of 2017, an 11.6% decrease compared to the same period of 2016.

Meanwhile, Suramericana's total revenue in the period hit 5.2 billion pesos, a 6.1% increase compared to the same period of the previous year.

Investments amounted to 25.2 billion, a 3.7% decrease on an annual basis, mainly due to the sale of the Seguros SURA Peru operation. The assets and liabilities of that operation were reclassified in the accounts of non-current assets and liabilities available for sale.

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