Sagicor Financial Company (SFC) Investor presentation summary

Business overview and market position

• Operates in 19 countries, offering life and health insurance, annuities, pensions, property and casualty insurance, and related financial services.

• Holds leading market positions in Canada, the Caribbean, and a growing U.S. annuities platform.

• Over 85% of revenues come from life, health insurance, and annuities; 75% of the balance sheet is in Canada and the U.S.

• Ranks 1st or 2nd in key insurance segments in Canada, Jamaica, Barbados, Eastern Caribbean, and Trinidad & Tobago.

• Largest segment by assets and net income is Sagicor Canada (ivari), acquired in 2023.

Financial performance and growth

• Assets grew over 160% and comparable earnings by over 90% since 2019 listing.

• Deployable capital/book value increased by 50%; investment grade status restored.

• 2024 total assets reached $22.8 billion, with $3.1 billion in revenues.

• Core earnings to shareholders in 2024 were $122 million; net income $148 million.

• Sagicor Jamaica delivered 61% profitability growth since 2013, with a historical average ROE of 14.7%.

Capital strength and risk management

• Maintains a strong capital base with $3.2 billion in loss absorbing capital and $2.5 billion deployable capital.

• Group-LICAT ratio at 139% (Q4 2024), well above regulatory minimums.

• Conservative leverage, with a financial leverage ratio of 27.3% in 2024.

• Ample liquidity, low frequency of large claims, and abundant access to reinsurance markets.

• Robust enterprise risk management framework with three lines of defense and strong board oversight.