Sagicor Financial (TSE:SFC)
TSX:SFC
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Sagicor Financial
(TSX:SFC)
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Rating:56Neutral
Price Target:
C$9.00
▼(-8.26% Downside)
Action:Reiterated
Date:05/15/26
Overall score reflects solid financial performance driven by strong recent operating/free cash flow, offset by compressed margins and earnings volatility. Technicals are a notable drag with the stock trading below key moving averages and negative MACD, while valuation is mixed—supported by a ~4.4% dividend yield but clouded by a negative P/E.
Positive Factors
Strong Cash Generation
Sustained high operating and free cash flow provides durable internal funding for claims, reserve builds, capital expenditures and strategic initiatives. Strong FCF growth increases flexibility to support dividends, absorb underwriting losses, or reduce leverage without relying on market financing.
Negative Factors
Thin & Volatile Profitability
Very slim net margins and historical earnings swings reduce the company's ability to absorb underwriting or investment shocks and constrain retained earnings for growth. Volatility undermines predictability of dividends and capital planning over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Sustained high operating and free cash flow provides durable internal funding for claims, reserve builds, capital expenditures and strategic initiatives. Strong FCF growth increases flexibility to support dividends, absorb underwriting losses, or reduce leverage without relying on market financing.
Read all positive factors
Sagicor Financial (SFC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.16B
Dividend Yield4.03%
Average Volume (3M)21.24K
Price to Earnings (P/E)―
Beta (1Y)0.01
Revenue Growth-17.10%
EPS Growth-67.20%
CountryCA
Employees5,300
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)0.19
Shares Outstanding136,165,860
10 Day Avg. Volume17,397
30 Day Avg. Volume21,241
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.91
Price to Sales (P/S)0.31
P/FCF Ratio0.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.19Price Target Upside24.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.96
Revenue Forecast (FY)N/A
Sagicor Financial Business Overview & Revenue Model
Company Description
Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in the Caribbean and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor USA. ...
How the Company Makes Money
SFC primarily makes money through its insurance and related financial-services operations. Key revenue and earnings drivers generally include: (1) Premiums and policy charges: Customers pay recurring premiums for life and health insurance and pay ...
Sagicor Financial Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mix of strong revenue growth and net income, driven by positive market experience and strategic actions like share buybacks. However, there were notable challenges, including volatility due to IFRS 17, issues in Sagicor Jamaica, and market losses in the U.S. segment. While the highlights provide a positive outlook, the presence of significant lowlights suggests a balanced view.Positive Updates
Significant Revenue Growth
Revenues reached $1.1 billion for Q3 2024, compared to $291 million for Q3 2023, largely driven by the acquisition of ivari in the Sagicor Canada segment.
Negative Updates
Volatility in Net Income
Fluctuations in reported net income due to accounting mismatches under IFRS 17, with expectations of continued volatility in the near term.
Read all updates
Q3-2024 Updates
Positive
Negative
Significant Revenue Growth
Revenues reached $1.1 billion for Q3 2024, compared to $291 million for Q3 2023, largely driven by the acquisition of ivari in the Sagicor Canada segment.
Read all positive updates
Company Guidance
During the Sagicor Financial Company's Third Quarter 2024 Earnings Call, the company reported core earnings to shareholders of $24 million, aligning with their expectations and marking a significant increase from the previous year, largely due to the acquisition of ivari in the Sagicor Canada segment. Total revenues reached $1.1 billion, a considerable rise from $291 million in Q3 2023. The company also highlighted a net income attributable to common shareholders of $59 million, driven mainly by positive market experience. The LICAT ratio improved to 140%, and the MCCSR ratio stood at 304%, with a stable financial leverage ratio of 26.8%. Book value per share ended the quarter at USD 6.86, equivalent to CAD 9.26, with deployable capital at $2.1 billion. Sagicor has maintained a consistent quarterly dividend of USD 0.06 per share, reinforcing their commitment to shareholder returns.Sagicor Financial Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.26B | 3.06B | 1.50B | 1.78B | 80.70M | 2.36B |
| Gross Profit | 1.88B | 3.06B | 742.59M | 1.76B | 277.50M | 868.64M |
| EBITDA | 365.63M | 427.73M | 361.61M | 834.01M | -20.17M | 383.44M |
| Net Income | 26.14M | 68.11M | 97.47M | 532.06M | -164.39M | 132.56M |
Balance Sheet | ||||||
| Total Assets | 25.18B | 25.09B | 22.77B | 22.38B | 10.62B | 10.31B |
| Cash, Cash Equivalents and Short-Term Investments | 496.81M | 451.45M | 994.07M | 486.64M | 368.14M | 359.98M |
| Total Debt | 1.07B | 1.74B | 990.09M | 985.81M | 667.57M | 725.25M |
| Total Liabilities | 23.81B | 23.66B | 21.45B | 21.06B | 9.88B | 9.22B |
| Stockholders Equity | 978.27M | 1.03B | 959.69M | 970.93M | 1.08B | 1.13B |
Cash Flow | ||||||
| Free Cash Flow | 799.87M | 1.51B | 196.80M | -67.04M | -176.30M | 109.93M |
| Operating Cash Flow | 812.06M | 1.52B | 214.23M | -39.61M | -154.50M | 124.88M |
| Investing Cash Flow | -14.16M | -15.70M | -14.04M | 6.52M | -26.62M | 36.16M |
| Financing Cash Flow | -31.00M | -46.14M | -64.25M | 239.53M | -65.27M | 140.47M |
Sagicor Financial Technical Analysis
Negative
9.81
Price Trends
9.46
Negative
9.40
Negative
8.72
Negative
Market Momentum
-0.13
Positive
31.07
Neutral
24.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SFC, the sentiment is Negative. The current price of 9.81 is above the 20-day moving average (MA) of 9.44, above the 50-day MA of 9.46, and above the 200-day MA of 8.72, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 31.07 is Neutral, neither overbought nor oversold. The STOCH value of 24.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SFC.
Sagicor Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$70.28B | 11.83 | 15.17% | 3.62% | 4.22% | 13.75% | |
73 Outperform | C$1.93B | 13.83 | 16.65% | ― | -0.78% | 35.49% | |
72 Outperform | C$86.72B | 16.83 | 12.65% | 3.49% | 15.84% | 31.26% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$50.30B | 27.57 | 10.81% | 3.28% | 19.07% | -3.74% | |
56 Neutral | C$1.16B | -6.65 | 6.62% | 4.03% | -17.10% | -67.20% |
* Financial Sector Average
TSE:SFC
Sagicor Financial
8.52
0.91
11.91%
TSE:MFC
Manulife Financial
51.72
9.16
21.51%
TSE:GWO
Great-West Lifeco
77.75
28.19
56.88%
TSE:POW
Power Corp of Canada
79.76
30.92
63.30%
TSE:TSU
Trisura Group Ltd
40.72
2.88
7.61%
Sagicor Financial Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Sagicor Financial Publishes 2025 Reports and Sets Hybrid Shareholder Meeting
Positive
Apr 13, 2026
Sagicor Financial has released its 2025 Annual Report, Annual Information Form, Management Information Circular, and Sustainability Report on its investor relations website, expanding disclosure around its financial and non-financial performance. ...
Business Operations and Strategy
Sagicor Financial Gains DBRS Credit Rating Upgrade to BBB
Positive
Apr 13, 2026
Sagicor Financial Company Ltd., a diversified insurer and financial services group with deep roots in the Caribbean and longstanding operations in Canada and the United States, offers products spanning life, health and general insurance, banking, ...
Business Operations and StrategyDividendsFinancial Disclosures
Sagicor Financial Posts Strong 2025 Results and Lifts Dividend 11%
Positive
Mar 12, 2026
Sagicor Financial reported a strong 2025 performance, with core earnings to shareholders rising 57% year over year to $142.3 million and core basic EPS up 62% to 104.9 cents. Shareholders’ equity reached $1.0 billion, while shareholders̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.