Founded a quarter of a century ago by former executives of Banco Security Pacific, Grupo Security is a leading niche Chilean-based diversified financial group, offering banking, insurance, asset management and other services to large and medium-sized companies, and individuals. We service nearly 300,000 customers across five integrated business areas. From inception, we have striven to position our group of companies with the same objective, and that is to value our customers. Recognized for the commitment to our customers, Banco Security ranks among the top companies in Customer Experience in Chile by Praxis and among the best mid-sized banks in terms of Customer Satisfaction by Procalidad, a collaboration between Universidad Adolfo Ibañez and Praxis.

Through a combination of organic growth and acquisitions, twelve in twenty-five years, and a strategy based on segmentation and innovation, we have expanded the group’s revenue sources and have reported consistent profitability. We also have a successful track record of integrating acquisitions and generating synergies. In Chile, we participate in regulated industries with significant growth potential. Our priority is to deliver ongoing profitable growth to our shareholders.

After 20 years of successful operations in Chile, we began expanding in the Andean region. Our first acquisition outside of Chile occurred in 2012 with the purchase of a leading travel agency in Peru. With this acquisition, we gained experience in the Peruvian market paving the way for future acquisitions in our niche segments. And more recently, we agreed to acquire a majority stake in Protecta, Peru’s 5th largest life insurance company in terms of investments portfolio.

Since its founding, Grupo Security has fostered a strong sense of corporate social responsibility and first and foremost we are committed to all of our employees. We are concerned with each employee's growth and development and, as a result, we contribute to the enrichment and well-being of their families. Grupo Security has built a corporate culture that balances both work and family life for its associates. We are a trailblazer in Chile, which is reflected in the accolades we have received. We are most proud that for 20 consecutive years Grupo Security has been recognized by the Great Place to Work Institute as one of the best companies to work for in Chile.

ABOUT OUR BUSINESSES

Lending - Banco Security & Factoring Security

• Chilean bank focused on commercial banking and also engaged in high income individual banking and treasury.
• Portfolio risk historically below the industry, given exposure to corporate and high-income customers and stringent asset quality standards.
• Niche Bank, 8th place in total loans. Stable market share in a highly competitive environment.
• Total loans of US$ 8,756 million as of December 2020.
• Retail Banking - loans participation in the total portfolio has increased from 15% in 2008 to 19% as of December 2020.
• Nearly 75,000 customers.
• Factoring Security reaches US$506 million in loans.
• Consolidated profit of the area of US$91 million as of December 2020.

Asset Management, Stock Brokerage and Securitization– Inversiones Security

• Founded in 1992
• Provides comprehensive advisory services (asset management, stock brokerage and origination and management of securitized assets, among other services) to assist private, corporate and institutional customers in managing their assets.
• Approximately US$6.2 billion in assets under management.
• Over 51,000 customers in four strategic segments (institutional, specialized, mass affluent and corporate customers).
• Consolidated profit of the area of US$9 million as of December 2020.

Insurance – Vida Security

• Offers traditional life insurance (individual and group) and annuities.
• Growth driven both organically and through acquisitions.
• More than 37,000 retirement annuity policies as of December 2020.
• Market share of 10.0% and 2.0% in individual life insurance and annuities.
• Successful plan of strategic acquisitions in terms of increased market share, synergies and economies of scale.
• Consolidated profit of the area of US$34 million as of December 2020.

International Business – Protecta Security & Travex Security

• The international area consolidates our businesses abroad and responds to the international expansion strategy of Grupo Security.
• Protecta Security is a Peruvian life insurance company focused on annuities that was acquired in September 2015, and marks Grupo Security’s entrance into the Peruvian financial market. As of December 2020, Protecta Security is Peru’s 5th largest life insurance company in terms of investments portfolio.
• This area also consolidates Travex Security, the group's travel agency in Peru.
• Consolidated profit of the area of -US$1.3 million as of December 2020.

Other – Travel Security & Real Estate/Inmobiliaria Security

Travel Security and Inmobiliaria Security offer non-financial products and services that complement the Group’s offering and are directed toward the same target markets. For the period ended December 31, 2020, these companies posted profit of US$4 million, contributing 4% of total profit for the business areas of the Group.

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Our mission is to meet our customer’s lending, asset management, insurance, travel and real estate needs by providing comprehensive service that exceeds expectations and stands out because of its quality.