press releases

Toronto and Barbados (October 21, 2025) – Sagicor Financial Company Ltd. (TSX: SFC) (“Sagicor Financial” or “Sagicor”) today announced that global credit rating agency Fitch Ratings (“Fitch”) upgraded Sagicor’s Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB-’ and also upgraded Sagicor’s senior unsecured debt to ‘BBB-’ from ‘BB+’. The Rating Outlook is Stable. In assigning these ratings, Fitch cited Sagicor’s strengthened core profitability and two years of consolidated contributions from ivari, complemented by lower debt financing costs and a strong capitalization profile.

In addition, Fitch affirmed the Insurer Financial Strength rating of ivari at ‘A-’ with a Stable Outlook.

Andre Mousseau, President and Chief Executive Officer, said:

“We are pleased with this upgrade, which provides a unanimous view from our credit rating agencies that Sagicor’s senior unsecured debt is investment grade. This is further validation of Sagicor’s strong capitalization as we pursue stable and profitable growth. This upgrade will provide Sagicor with enhanced access to capital as we execute our strategy”.

Fitch assigned the following credit ratings:

For more information and to view the full rating report, please visit Sagicor’s investor relations website at investors.sagicor.com under the “Credit Ratings” tab, or the Fitch website at www.fitchratings.com.

Read the full news release.