Toronto and Barbados (March 30, 2021) – Sagicor Financial Company Ltd. (TSX: SFC, “Sagicor” or “Company”), a leading financial services provider in the Caribbean with a growing presence in the US, today announced its results for the fourth quarter and full year ended December 31, 2020. All figures are in US$ unless otherwise stated.

Highlights

• Total revenue of $674.5 million in Q4 increased 43% year over year
• Net insurance premiums of $510.9 million in Q4, growing 70% year over year
• Net income to shareholders of $29.0 million in Q4 
• Earnings per share of US$0.198 in Q4
• Total comprehensive income to shareholders was positive $52.9 million in Q4
• Strong financial position with total capital available of $2,128 million and MCCSR of 252%
• Book value per share of US$7.58 or C$9.63
• Dividend of US$0.05625 per common share declared during the first quarter of 2021 (US$0.225 annualized dividend)

Dodridge Miller, Group President and Chief Executive Officer, said: 
“Sagicor delivered very strong profitability to shareholders during the quarter supported by much higher revenue and a solid financial position. We performed well in 2020 amidst a challenging economic environment from the global pandemic – the result of the tireless commitment from our team members and our advisors, and strong support from our long-standing customers.” 

“Sagicor is well positioned to execute our growth plans given our financial, operational and risk management strengths. Our performance during the year adds to our 180-year track record of successfully navigating all manner of economic circumstances. I am excited as we look forward to the balance of 2021 and beyond, having demonstrated our resilience in 2020.”

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