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 SAINT MICHAEL |
| Tel: | N/A |
| Website: | https://www.sagicor.com |
| 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 financial services provider. The Company offers a range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Its segments include Sagicor Life, Sagicor Jamaica, Sagicor Life USA, and Sagicor Canada. The Sagicor Life segment conducts life, health insurance, property & casualty insurance, pensions, annuities, and asset management services in Barbados, Eastern Caribbean, Dutch Caribbean, Bahamas, Belize and Trinidad and Tobago. The Sagicor Jamaica segment offers life, health, annuity, property and casualty insurance, pension administration services, retail and commercial banking, investment banking, real estate investment services and cambio and remittance services. Sagicor Life USA segment offers Annuities, Periodic premium, and Single premium life. Sagicor Canada offers life insurance and annuities, health and casualty insurance in Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sagicor Financial Company Ltd revenues increased 99% to $1.2B. Net income totaled $532.1M vs. loss of $164.4M. Revenues reflect Other investment income / (loss) increase from -$454.2M to $1.33B, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from -$21.6M to $346.8M, Insurance revenue increase of 40% to $862.5M. |
| Employees: | 4,775 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,634M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,646M as of Dec 31, 2023 |
| EBITDA (TTM): | $560.54M as of Dec 31, 2023 |
| Net annual income (TTM): | $727.33M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$135.37M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $679.41M as of Dec 31, 2023 |
| Shares outstanding: | 140,900,216 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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