Sagicor Financial Reports Fourth Quarter and Full Year 2025 Results and Announces 11% Dividend Increase

Executive Summary

• Sagicor Financial reports a strong 2025 performance – core earnings to shareholders of $142.3 M (+57% YoY) and core EPS of $1.049 (+62% YoY).
• Net income to shareholders for the year was $66.9 M, while total comprehensive income reached $109.7 M.
• The Board declared a quarterly dividend of US 0.075 per share (annualized US 0.30), an 11 % increase over the prior quarter.

Key Details

• Core earnings to shareholders (2025): $142.3 M, up 57 % YoY.
• Core basic EPS (2025): 104.9 ¢, up 62 % YoY.
• Net income to shareholders (2025): $66.9 M (down from $97.5 M in 2024).
• Total comprehensive income (2025): $109.7 M.
• New business CSM (2025): $167.2 M, within guidance range ($155‑$175 M).
• Shareholders’ equity: $1.0 B; book value per share US 7.65 (C$10.49).
• Group LICAT ratio: 136 % (above regulatory minimum).
• Financial leverage ratio: 26.9 %.

Segment Highlights

• Sagicor Canada: Core earnings $27.4 M (Q4) / $103.3 M (2025); net income $76.2 M YoY‑21 %; new business CSM $11.6 M Q4.
• Sagicor Life USA: New business production $267.9 M Q4; core earnings $8.3 M Q4; net loss Q4 $(12.2) M, but net income $8.2 M for 2025.
• Sagicor Jamaica (49.1 % owned): Core earnings $12.2 M Q4 / $47.9 M 2025; net income $50.7 M for the year.
• Sagicor Life: Core earnings $6.8 M Q4 / $41.8 M 2025; net income $57.4 M for the year.

Dividend

• Quarterly dividend declared: US 0.075 per share (↑11 %).
• Payment date: April 17, 2026 to shareholders of record March 26, 2026.

Outlook & Guidance

• Updated medium‑term targets: Core ROE 14 % for 2027 and 15 % for 2028.
• Target core dividend payout ratio: 30 %–40 %.

Other Material Items

• Normal Course Issuer Bid: repurchased 109,300 shares at a cost of ≈US 0.7 M in Q4.
• Annual shareholders’ meeting scheduled for May 13, 2026 (hybrid format).
• Conference call set for March 12, 2026, 10:00 a.m. ET; replay available until April 12, 2026.

Notable Quotes

“We are pleased to conclude an exceptional 2025 reporting year… The dividend increase reflects our confidence in sustainable cash flow and commitment to shareholders.” – Andre Mousseau, President & CEO.