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Sagicor Financial Company Ltd. (T:SFC)

Business Focus: Multiline Insurance & Brokers (NEC)

Sector:  Financials Industry:  Multiline Insurance & Brokers
Company Contact
Address: Cecil F De Caires Building, Wildey
Tel: N/A
IR: See website
Key People
Andre Guy Mousseau
President, Chief Executive Officer, Director
George Sipsis
Executive Vice President, Corporate Development and Capital Markets
Kathryn Jenkins
Chief Financial Officer
Donald S. Austin
Chief Executive Officer of Sagicor Life (Eastern Caribbean) Inc.
J. Andrew Gallagher
Chief Executive Officer and Chief Risk Officer of Sagicor Reinsurance Bermuda Limited
Keston Dayton Howell
President and Chief Executive Officer of Sagicor General Insurance Inc.
Robert J L. Trestrail
President and Chief Executive Officer of Sagicor Life Inc.
Christopher W. Zacca
President and Chief Executive Officer of Sagicor Group Jamaica Limited
Ronald B. Blitstein
Executive Vice President and Group Chief Information Officer
Althea Claudette Hazzard
Executive Vice President, General Counsel and Corporate Secretary
Business Overview
Sagicor Financial Company Ltd. is a Barbados-based financial services provider. The Company offers a range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. The Company's Sagicor Life segment engages in life, health, annuity, property and casualty insurance business, and pension administration services in Barbados, Eastern Caribbean, Dutch Caribbean, Bahamas, Belize, Panama and Trinidad and Tobago and, through a segregated account, transfers insurance risks. Its Sagicor Jamaica segment engages in life, health, annuity, property and casualty insurance business, pension administration services, banking and financial services, and real estate investment services in Jamaica, Cayman Islands, Costa Rica, and the United States. The Company's Sagicor Life USA segment engages in life insurance and annuity business in certain states of the United States and, through a segregated account, transfers insurance risks.
Financial Overview
For the nine months ended 30 September 2023, Sagicor Financial Company Ltd revenues increased from $305.1M to $694.1M. Net income totaled $46.7M vs. loss of $236.3M. Revenues reflect Other investment income / (loss) increase from -$567.4M to $254.8M, Insurance revenue increase of 14% to $513.4M, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from -$30.3M to $25M.
Employees: 4,775 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,250M as of Sep 30, 2023
Annual revenue (TTM): $1,085M as of Sep 30, 2023
EBITDA (TTM): -$147.35M as of Sep 30, 2023
Net annual income (TTM): $81.29M as of Sep 30, 2023
Free cash flow (TTM): $197.77M as of Sep 30, 2023
Net Debt Last Fiscal Year: $405.88M as of Sep 30, 2023
Shares outstanding: 141,984,483 as of Oct 23, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization