You will need to parse the string, splitting hours and minutes, then add the hours and add the minutes, and divide minutes by 60 to see if you need to add any hours, and keep the remainder as minutes.
SELECT
SUM(CAST(PARSENAME(REPLACE(ColumnA, ":", "."),2) as INT)) + (SUM(CAST(PARSENAME(REPLACE(ColumnA, ":", "."),1) as INT)) / 60) as totalhours,
SUM(CAST(PARSENAME(REPLACE(ColumnA, ":", "."),1) as INT)) % 60 as remainingminutes
FROM
tablename