Sagicor Financial Co. Ltd. ( (SGCFF) ) has released its Q4 earnings. Here is a breakdown of the information Sagicor Financial Co. Ltd. presented to its investors.
Sagicor Financial Company Ltd. is a prominent financial services provider operating in Canada, the United States, and the Caribbean, offering a diverse range of products including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate services.
In its latest earnings report, Sagicor Financial announced a strong performance for the fourth quarter and full year of 2024, with significant increases in core earnings and a notable dividend increase of 12.5%. The company highlighted its strategic initiatives and the successful integration of its Canadian segment, contributing to its robust financial results.
Key financial metrics from the report include a 28% year-over-year increase in core earnings to shareholders for Q4, totaling $28.0 million, and an 84% increase for the full year, reaching $90.9 million. The core basic earnings per share also saw a substantial rise, with a 33% increase for Q4 and an 87% increase for the year. Sagicor’s financial leverage ratio stood at 27.3%, and the Group-LICAT ratio was 139%, indicating a strong capital position.
The company remains optimistic about its future, with plans to continue growing its return on shareholders’ equity and expanding its strategic initiatives. Sagicor’s management is confident in its ability to navigate economic uncertainties and maintain its growth trajectory in 2025 and beyond.