press releases
Sagicor Financial Reports Second Quarter 2025 Results
August 14, 2025
Toronto and Barbados (August 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 second quarter ended June 30, 2025. All figures are in US$ unless otherwise stated.
Q2 Highlights
• Core earnings(1) to shareholders of $46.0 million
• Core basic earnings per share(1) (EPS) of 33.9₵
• Core return on shareholders’ equity(1) (annualised) of 18.9%
• Net loss to shareholders of $6.4 million
• Total comprehensive income to shareholders of $39.8 million
• New business CSM(1) of $39.2 million
• Shareholders’ equity of $990.3 million, with book value per share of US$7.29 or C$9.94
• Shareholders’ equity plus net CSM to shareholders(1) of $2.1 billion, or US$15.63 or C$21.32 per share
• Financial leverage ratio(1) of 27.1%
• Group LICAT(1) ratio of 141%
• Dividend of US $0.0675 per common share to be paid during the third quarter of 2025 (US $0.27 annualised dividend)
• Core earnings(1) to shareholders of $46.0 million
• Core basic earnings per share(1) (EPS) of 33.9₵
• Core return on shareholders’ equity(1) (annualised) of 18.9%
• Net loss to shareholders of $6.4 million
• Total comprehensive income to shareholders of $39.8 million
• New business CSM(1) of $39.2 million
• Shareholders’ equity of $990.3 million, with book value per share of US$7.29 or C$9.94
• Shareholders’ equity plus net CSM to shareholders(1) of $2.1 billion, or US$15.63 or C$21.32 per share
• Financial leverage ratio(1) of 27.1%
• Group LICAT(1) ratio of 141%
• Dividend of US $0.0675 per common share to be paid during the third quarter of 2025 (US $0.27 annualised dividend)
Andre Mousseau, President and Chief Executive Officer, said:
“We are pleased to report an outstanding operational quarter for the period ended June 2025. All of our operating segments generated excellent insurance results, resulting in record core earnings(1) to shareholders. New business production(1) was solid across each of our segments. Our U.S. subsidiary continued to grow and surpassed $6 billion of total assets for the first time. Our Canadian business continued to show strong profitability and its contribution reflected the benefit of a recovery in the Canadian dollar. And both of our Caribbean segments showed robust profitability, reflecting the progress the team has made in our initiatives to enhance those businesses. We also continued to progress on our strategic initiatives to transform our businesses which we expect will continue to bear fruit in 2026 and beyond.”
“We are pleased to report an outstanding operational quarter for the period ended June 2025. All of our operating segments generated excellent insurance results, resulting in record core earnings(1) to shareholders. New business production(1) was solid across each of our segments. Our U.S. subsidiary continued to grow and surpassed $6 billion of total assets for the first time. Our Canadian business continued to show strong profitability and its contribution reflected the benefit of a recovery in the Canadian dollar. And both of our Caribbean segments showed robust profitability, reflecting the progress the team has made in our initiatives to enhance those businesses. We also continued to progress on our strategic initiatives to transform our businesses which we expect will continue to bear fruit in 2026 and beyond.”
[1] Other includes acquisition, integration, and restructuring, intangible asset amortization and impairment, loan financing transaction cost and fees, (loss) / gain on divestiture, tax-related items and other.
