Sagicor Financial Company Ltd. Reports Third Quarter 2022 Results

November 11, 2022

Toronto and Barbados (November 11, 2022) – Sagicor Financial Company Ltd. (TSX: SFC), a leading financial services provider in the Caribbean with a growing presence in the U.S., today announced its results for the third quarter ended September 30, 2022. All figures are in US$ unless otherwise stated.


  • Total revenue of $656.1 million for Q3 decreased 16% Y/Y, $2,009.0 million for the YTD increased 16% Y/Y
  • Net insurance premiums of $526.5 million for Q3 decreased 16% Y/Y, $1,695.7 million for the YTD increased 34% Y/Y
  • Net income to shareholders of $25.4 million in Q3, $102.5 million YTD
  • Earnings per share of US$0.178 or C$0.232 in Q3, US$0.717 or C$0.920 YTD
  • Return on shareholders’ equity (annualised)(1) of 9.8% in Q3, 13.2% YTD
  • Book value per share(1) of US$7.25 or C$9.96 in Q3
  • Dividend of US$0.05625 per common share to be paid during the fourth quarter of 2022 (US$0.225 annualised dividend)


Dodridge Miller, Group President and Chief Executive Officer, said:

“The Sagicor Group delivered solid results for the quarter in the face of a volatile market and rising rate environment. Asset price volatility continued to foster a favorable environment for us to grow premiums and invest at higher yields, which particularly benefited Sagicor Life USA again this quarter. Sagicor Jamaica had a strong quarter as it saw net premium revenue growth across all major business lines, while Sagicor Life was impacted by higher benefits and charges that are non-recurring in nature. In the quarter we also announced the acquisition of ivari, a transformational addition to our Group which we expect to close in 2023.”

Read the full release.