Sagen MI Canada Inc. Reports Second Quarter 2025 Results and Declares Preferred Share Dividend

Executive Summary

• Sagen MI Canada Inc. reported its second quarter 2025 financial results, disclosing a net income of $111 million.
• The reported net income represents a $40 million decrease compared to the same quarter in the prior year, driven by lower net insurance service results and reduced investment income.
• The Board of Directors declared a preferred share dividend of $0.3375 per Class A preferred share, Series 1, with a payment date of September 29, 2025.

Key Details

• Net Income: $111 million for Q2 2025.
• Year-over-Year Variance: Net income is $40 million lower than Q2 2024.
• Primary Drivers of Variance: Lower net insurance service result and lower investment income.
• Preferred Dividend Declaration: $0.3375 per Class A preferred share, Series 1.
• Dividend Payment Date: September 29, 2025.
• Record Date: September 15, 2025 (close of business).
• Tax Designation: Dividends are designated as "eligible dividends" for Canadian federal, provincial, or territorial income tax purposes.
• Financial Statements: Unaudited condensed consolidated interim Financial Statements and Management’s Discussion & Analysis (MD&A) are available on SEDAR+ and the Company’s investor relations website.
• Company Assets (as of June 30, 2025): $6.7 billion in total assets and $2.8 billion in shareholders' equity.