- The company managed the savings of 352,148 members, equivalent to USD 3,561 million and accounting for 8.2% of Uruguay's Gross Domestic Product.
With the transparency that has characterized the firm since the beginning of its operations, AFAP SURA released its accountability report for 2022.
According to the report, the company managed the savings of 352,148 members, equivalent to USD 3,561 million and representing 8.2% of Uruguay's Gross Domestic Product.
Moreover, more than 18,703 people chose AFAP SURA to start saving for their retirement, another 2,608 people applied for retirement and, as workers' savings in these cases always return to them or their families, AFAP SURA returned more than $61 million as inheritance assets. Overall, the company achieved an official real return for its members of 2.57% in the Accumulation Fund and 1.58% in the Retirement Fund.
Regarding the destination of the funds obtained from client savings in 2022, the AFAP SURA report mentions that they were invested mainly in government securities, certificates of deposit and instruments issued by international credit organizations. In addition, they were allocated to state and municipal public works (USD 184 million), as well as to the agricultural and forestry sectors (USD 186 million), infrastructure (USD 118 million), to name a few.
Another action undertaken by the company as part of its commitment to the people’s financial education was supporting the launching of the book “Economía para Matías”, by economist Javier de Haedo, through an institutional alliance with Universidad Católica del Uruguay.
The purpose of this material is to explain economic concepts in a clear and simple way to teenagers and their parents. As part of this education, AFAP SURA held six talks in the interior of the country (San José, Paysandú, Salto, Rivera, Tacuarembó and Maldonado) and four in Montevideo.
With respect to the Silver Economy, the report highlights the contribution of the program Pensar en Grande, whose main objectives were to position this issue on the public agenda, promote new products and services aimed at people over 60, encourage the creation of a community around this economy and raise awareness of the importance of eradicating age-related stigma.
Last year's work was also marked by a strong rapprochement between the company and the population. The report gives examples such as the different customer service channels, including the seven mobile branches and fixed physical locations, video advisory systems and telephone lines, among others.
With the spirit of solidarity that unites each of its members, AFAP SURA joined the Telethon once again this year; donations reached $ 2,371,700, a figure obtained thanks to the support of all clients and collaborators.
About SURA Asset Management
An expert in savings and retirement, investments and asset management, SURA Asset Management is present in Chile, Mexico, Colombia, Peru, El Salvador, Uruguay, United States, Luxembourg and Argentina. It is a subsidiary of Grupo SURA, with other minority shareholders. As of September 2022, SURA Asset Management manages USD 142.0 billion in assets, which belong to nearly 22.6 million clients in the region*.
* Clients and AUM include AFP Protección in Colombia and AFP Crecer in El Salvador.
