Sagicor Financial Company (SFC) Investor presentation summary

Company overview and market position

• Leading provider of insurance and financial services with operations in 19 countries across Canada, the U.S., and the Caribbean.

• Core offerings include life and health insurance, annuities, pensions, property and casualty insurance, and related financial products.

• Holds top market positions: 1st or 2nd in universal life in Canada, 1st in life, health, and pensions in Jamaica, Barbados, and the Eastern Caribbean.

• Over 180 years of history, with significant acquisitions and expansion, including ivari in Canada and platforms in the U.S. and Jamaica.

• Total assets reached $22.0 billion as of Q2 2024, reflecting substantial growth since TSX listing in 2019.

Financial performance and growth

• Assets grew by over 150% and deployable capital by 48% since 2019 TSX listing.

• Comparable earnings increased by over 72% and investment grade status restored.

• Net income reached $254 million and core earnings $116 million for LTM Q2 2024.

• Revenue and net income have shown consistent growth, with strong profitability across segments.

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

Capital strength and risk management

• Strong capital base with $3.2 billion in loss absorbing capital and $2.5 billion deployable capital.

• Group-LICAT ratio at 138% and MCCSR ratio at 301% as of Q2 2024, well above regulatory minimums.

• Conservative leverage with debt-to-capital ratio at 26.8% and over $1 billion in net capital raised since 2019.

• Prudent capital management, ample liquidity, and robust access to reinsurance markets.

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