Sagicor Financial Company (SFC) Investor presentation summary

Business overview and market position

• Operates as a diversified insurance and financial services provider across 19 countries, with core offerings in life and health insurance, annuities, pensions, property and casualty insurance, and related financial products.

• Holds leading market shares in Canada, Jamaica, Barbados, the Eastern Caribbean, and Trinidad & Tobago, with a strong presence in the U.S. annuities market.

• Over 80% of revenues are generated from life, health, and annuity products, with a balance sheet heavily weighted toward Canada and the U.S.

• Sagicor Canada (ivari) is the largest segment by assets and net income, while Sagicor Jamaica is the largest publicly traded financial company on the Jamaica Stock Exchange.

• Sagicor Life, established in 1840, maintains a dominant brand and distribution network in the Caribbean.

Financial performance and growth

• Assets have grown by over 160% since 2019, reaching $23.2 billion by Q1 2025, with comparable earnings more than doubling in the same period.

• Core earnings to shareholders reached $140 million LTM Q1 2025, with strong profitability across all major segments.

• Sagicor Jamaica delivered a 75% profitability increase since 2013, with a historical average ROE of 16% from 2019 to 2023.

• Sagicor Life USA doubled its balance sheet in five years, focusing on fixed annuities and achieving high-teen IRRs on new capital.

• Sustained balance sheet growth has driven strong net income and revenue expansion over recent years.

Capital strength and risk management

• Maintains a strong capital base with $3.2 billion in loss absorbing capital and a Group LICAT ratio of 137% as of Q1 2025.

• Financial leverage ratio remains conservative at 27.2%, supported by over $1 billion in net capital raised since 2019.

• Investment portfolio is predominantly investment grade corporate and government bonds, with limited exposure to higher-risk assets.

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

• Operating subsidiaries consistently exceed local regulatory capital requirements.