Sagicor Financial Company Ltd. Reports First Quarter 2022 Results

May 13, 2022

Toronto and Barbados (May 13, 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 first quarter ended March 31, 2022. All figures are in US$ unless otherwise stated.


  • Total revenue of $680.6 million for Q1 increased 58% year over year
  • Net insurance premiums of $556.4 million for Q1 increased 102% year over year
  • Net income to shareholders of $41.8 million in Q1 increased 33% year over year
  • Earnings per share of US$0.292 or C$0.371 in Q1
  • Return on shareholders’ equity(1) of 15.1% (annualised) in Q1
  • Book value per share(1) of US$7.88 or C$9.79 in Q1
  • Dividend of US$0.05625 per common share to be paid during the second quarter of 2022 (US$0.225 annualised dividend)


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

“Sagicor continued 2022 where it left off from its record 2021 with excellent revenue growth and profitability continuing into the quarter. During Q1 2022, we delivered $42 million in net income to our shareholders. We remained focused on executing our growth strategy in our key markets. In the U.S. , which now represents the largest portion of our assets and revenues, we saw continued growth fueled by multi-year guaranteed annuities sales, and in the Caribbean, we are excited to announce the upcoming launch of our digital bank in Barbados as we continue to evolve how best to serve our customers and find new avenues for growth.”

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