Earnings from mandatory and voluntary pensions, as well as severance pay for members of the AFP Protección (Protection Fund) totaled $8.6 billion in the first half of the year.

In the first six months of this year, members of the private pension and severance pay administrator (AFP) Protección earned returns on their savings of approximately 8.6 billion pesos, funds that were deposited into their individual accounts, according to the agency.

The highest returns were obtained through the various funds that manage the pension savings of their members, which together reached around 7.3 trillion pesos in the first part of 2025, distributed as follows: 548 billion in the conservative fund, 4.1 billion in the moderate fund, 2.6 billion in the higher-risk fund, and 63 billion in the scheduled withdrawal fund, according to the report released.

Severance savings, meanwhile, yielded results for its members totaling 410 billion pesos, distributed between 135 billion pesos in the short-term fund and 275 billion pesos in the long-term fund, while the various portfolios comprising voluntary pension savings achieved a return of 797 billion pesos over the same period.

Across these three areas (mandatory and voluntary pensions, and severance pay) , the AFP Protección has more than 8.5 million members, for whom it manages resources totaling more than 200 billion pesos.

"Reaching this figure is a reflection of the journey we've made as a company, but, above all, of the commitment we maintain with every Colombian to foster a culture of conscious and sustainable savings. At Protección, we believe that savings are a powerful tool for building well-being and a future. An example of this is that if a person saved 1 million pesos in 1994 in Protección's moderate portfolio, today this figure has risen to 59 million . This figure not only demonstrates our ability to generate value for our clients, but also motivates us to continue working to support them at every stage of their lives," said Juan David Correa, President of Protección.

During the first half of the year, the funds managed by the AFP demonstrated outstanding strength, positioning themselves as the most competitive in the market. As of June 30, the Higher Risk Mandatory Pension Fund achieved an effective annual return of 12.31 percent over the last five years , while the Moderate Fund achieved an effective annual return of 8.21 percent over the last four years.*

Its management explains that these performances translate into concrete results for members: 1 million pesos saved in June 2020 in the High Risk Fund is equivalent to 1.78 million pesos today.

For its part, that same amount in the Moderate fund since June 2021 amounts to 1.37 million , while the Conservative fund reported a return of 11.83 percent over the last three years, representing a growth to 1.39 million for every million saved since June 2022.

From its inception in 1991 to 2019, the AFP had assets under management totaling 100 trillion pesos. However, in just six more years, those assets doubled, reaching 200 trillion pesos by 2025.

“Our long-term vision has allowed us to generate value for Colombians' savings over these 34 years. For every 100 pesos of Colombian pensions held in a private fund, 70 pesos correspond to returns derived from this investment management and from understanding how market volatility becomes a challenge, but at the same time an opportunity, to generate value for each of them,” Correa explains.

From its inception in 1991 to 2019, the AFP had assets under management totaling 100 billion pesos. However, in just six more years, those assets doubled, reaching 200 billion pesos by 2025. According to its management, this reflects not only a sustainable business model and a long-term strategic vision, but also the strong trust its members have placed in it.