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 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 | |
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