Sagicor Financial Reports Third Quarter 2025 Results

Executive Summary

• Sagicor Financial reported strong Q3 2025 results, with core earnings to shareholders of $35.0 M and net income of $81.0 M, both up significantly year‑over‑year.
• Core basic EPS rose 51% YoY to 25.8¢, while the dividend was increased to US 6.75¢ per share (annualized 27.0¢).
• All four operating segments posted earnings growth, led by Sagicor Canada (+37% core earnings) and Sagicor Jamaica (+90% core earnings).

Key Details

• Core Earnings (to shareholders): $35.0 M (↑45% YoY)
• Net Income (to shareholders): $81.0 M (↑37% YoY)
• Core Basic EPS: 25.8¢ (↑51% YoY)
• Core ROE (annualised): 13.7% (up 3.3 pts YoY)
• Shareholders’ Equity: $1,049.2 M; Book value per share US$7.74 (C$10.78)
• Group LICAT Ratio: 141% (unchanged QoQ)
• Financial Leverage Ratio: 26.6% (down 0.5 pts QoQ)

Segment Highlights

• Revenues (total): $974.1 M, down 14% YoY; Insurance revenue $366.2 M, down 1% YoY.
• New Business CSM: $40.6 M (↓9% YoY); segment‑level: Canada $10.2 M, Life USA $8.5 M, Jamaica $13.2 M, Life $8.7 M.

Dividend & Share Repurchase

• Board declared a quarterly dividend of US 6.75¢ per share, payable 16 Dec 2025 (record date 25 Nov 2025).
• Normal Course Issuer Bid: repurchased 512,500 shares for approx. US$2.9 M; post‑repurchase outstanding shares = 135,506,869.

Subsequent Event

• Hurricane Melissa (28 Oct 2025) impacted Caribbean operations; potential increase in P&C claims and credit losses noted, but no material financial impact quantified yet.

Conference Call

• Analyst call scheduled for 14 Nov 2025 at 10:00 a.m. EST (details provided).

Notable Quotes

“We are pleased to report another strong quarter… our significantly higher net income reflects core strength plus a reversal of market‑driven volatility observed in previous quarters.” – Andre Mousseau, President & CEO.