Page 283 - Evento Guatemala 2012

Surety bonds in Colombia: ranking of premiums in 2011 (2010)

COLPATRIA Other 12 CONFIANZA
5% (4%) 15% (14%) 19% (20%)

MAPFRE SURAMERICANA ESTADO
5% (6%) 9% (8%) 15% (15%)
SOLIDARIA LIBERTY
5% (4%) 9% (9%)
CONDOR
6% (6%)

BOLÍVAR MUNDIAL
6% (6%) 7% (7%)

Figures at December 2011.

Argentina

Argentina had a significant surety bond premium growth in 2011, from USD 158 million to
USD 227 million. The exchange rate between the local currency and the US dollar remained
stable. The Argentine currency depreciated against the US dollar; however, the analysts say that
the rate of exchange and inflation were lagging behind the real values.

Surety bonds in Argentina: premium and annual growth

240,000 05-06 06-07 07-08 08-09 09-10 10-11* 60%
200,000 50%
160,000 35% 32% 26% 165,881 158,176 54% 40%
120,000 32% 152,793 8% 227,357 30%
80,000 72,682 28% 44% 20%
40,000 96,276 123,671 18% 10%
2005 2011* 0%
- 24% -10%

9%

-5%

2006 2007 2008 2009 2010

Surety Premiums Growth in USD dollars Growth of local currency

* Figures at December 2011 (12 months).
Fiscal year at June, except for COFACE: December.

Last quarters’ growth reached between 7% and 6%. The interesting thing is that the combined
ratio was stable at about 71%, which is quite good.

Surety bonds accounted for 1.79% of all the other lines.

281XXIV Asamblea General / XXIV General Assembly