Aug 2022 Financial News

Sagicor News Release Q2 2022

Aug 15, 2022

Toronto and Barbados (August 12, 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 second quarter ended June 30, 2022. All figures are in US$ unless otherwise stated.

Highlights
• Total revenue of $672.3 million for Q2 increased 30% year over year
• Net insurance premiums of $612.8 million for Q2 increased 68% year over year
• Net income to shareholders of $35.3 million in Q2 increased 280% year over year
• Earnings per share of US$0.247 or C$0.312 in Q2
• Return on shareholders’ equity(1) of 13.1% (annualised) in Q2
• Book value per share(1) of US$7.51 or C$9.63 in Q2
• Dividend of US$0.05625 per common share to be paid during the third quarter of 2022 (US$0.225 annualised dividend)

Source:

Sagicor Financial Company Ltd.
Monday 15th August, 2022