Sagicor Financial Reports First Quarter 2025 Results

May 13, 2025

Toronto and Barbados (May 13, 2025) – Sagicor Financial Company Ltd. (TSX: SFC), a leading financial services provider in Canada, the United States, and the Caribbean, today announced its results for the first quarter ended March 31, 2025. All figures are in US$ unless otherwise stated.

Q1 Highlights
  • Core earnings([i]) to shareholders of $29.7 million
  • Core basic earnings per share(1) (EPS) of 21.9₵
  • Core return on shareholders’ equity(1) (annualised) of 12.4%
  • Net income to shareholders of $6.7 million
  • New business CSM(1) of $46.1 million
  • Shareholders’ equity of $958.2 million, with book value per share of US$7.05 or C$10.14
  • Shareholders’ equity plus net CSM to shareholders(1) of $2.0 billion, or US$15.01 or C$21.59 per share
  • Financial leverage ratio(1) of 27.2%
  • Group LICAT(1) ratio of 137%
  • Dividend of US$ 6.75₵ per common share to be paid during the second quarter of 2025 (US$ 27.0₵ annualised dividend) 

Andre Mousseau, President and Chief Executive Officer, said:

“We are pleased to announce another solid quarter in Q1. Our quarterly core earnings(1) to shareholders were our highest on record since our conversion to IFRS 17 in 2023. Both of our Caribbean segments showed significant progress expanding margins and growing core earnings(1) to shareholders year over year. Our U.S. business continued its strong growth with over $400 million of new annuity production(1) and our Canadian segment showed robust profitability. This performance puts us in a strong position to weather market volatility and achieve our targets for 2025.”

Read the full news release.


[i]Represents a non-IFRS or other financial measure. See the Non-IFRS and Other Financial Measures section in this document and in our MD&A for relevant

information about such measures.