Sagicor Financial Reports Strong Q1 2025 Results

Sagicor Financial Co. Ltd. ( (SGCFF) ) has released its Q1 earnings. Here is a breakdown of the information Sagicor Financial Co. Ltd. presented to its investors.

Sagicor Financial Company Ltd. is a prominent financial services provider operating in Canada, the United States, and the Caribbean, offering a diverse range of products including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.

In its first quarter of 2025, Sagicor Financial reported robust financial results, showcasing significant growth in core earnings and strategic advancements across its various segments. The company achieved record-high core earnings to shareholders since its transition to IFRS 17 in 2023, highlighting strong performance in its Caribbean and U.S. operations.

Key financial metrics for the quarter included core earnings to shareholders of $29.7 million, a substantial increase from the previous year, and a core basic earnings per share of 21.9 cents. The core return on shareholders’ equity was reported at 12.4%, while new business contractual service margin reached $46.1 million. Despite a decrease in net income to shareholders, the company maintained a solid financial leverage ratio of 27.2% and a Group LICAT ratio of 137%.

Sagicor’s business segments demonstrated varied performance, with Sagicor Canada and Sagicor Jamaica showing significant improvements in core earnings. Sagicor Life USA experienced a decline in core earnings due to unfavorable insurance experience, while Sagicor Life doubled its core earnings compared to the previous year. The company also announced a quarterly dividend of 6.75 cents per common share, reflecting its commitment to returning value to shareholders.

Looking ahead, Sagicor Financial remains optimistic about its ability to navigate market volatility and achieve its targets for 2025, supported by its strong financial position and strategic initiatives aimed at enhancing profitability and growth across its key markets.