Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sagicor Financial (SGCFF)
OTHER OTC:SGCFF
Holding SGCFF?
Track your performance easily
Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jun 08, 2020
|% Change Since: 11.36%
|Next Earnings Date:Jun 08, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong revenue growth and net income, driven by positive market experience and strategic actions like share buybacks. However, there were notable challenges, including volatility due to IFRS 17, issues in Sagicor Jamaica, and market losses in the U.S. segment. While the highlights provide a positive outlook, the presence of significant lowlights suggests a balanced view.Company Guidance
During the Sagicor Financial Company's Third Quarter 2024 Earnings Call, the company reported core earnings to shareholders of $24 million, aligning with their expectations and marking a significant increase from the previous year, largely due to the acquisition of ivari in the Sagicor Canada segment. Total revenues reached $1.1 billion, a considerable rise from $291 million in Q3 2023. The company also highlighted a net income attributable to common shareholders of $59 million, driven mainly by positive market experience. The LICAT ratio improved to 140%, and the MCCSR ratio stood at 304%, with a stable financial leverage ratio of 26.8%. Book value per share ended the quarter at USD 6.86, equivalent to CAD 9.26, with deployable capital at $2.1 billion. Sagicor has maintained a consistent quarterly dividend of USD 0.06 per share, reinforcing their commitment to shareholder returns.Significant Revenue Growth
Revenues reached $1.1 billion for Q3 2024, compared to $291 million for Q3 2023, largely driven by the acquisition of ivari in the Sagicor Canada segment.
Strong Net Income
Reported net income attributable to common shareholders was $59 million for the quarter, with market experience as a significant contributor.
Core Earnings Consistency
Core earnings to shareholders were $24 million, consistent with expectations and a material increase over the same period in 2023.
Positive Market Experience
Market experience gains were significant, particularly from equities and interest rate movements, positively impacting net income.
Improved Capital Ratios
The group LICAT ratio improved by 2 percentage points quarter-over-quarter to 140%, and the MCCSR ratio was at 304%.
Continued Share Buybacks
Sagicor repurchased about $10 million worth of shares at a significant discount to book value in Q3, enhancing book value per share.
Dividend Consistency
Announced the 20th consecutive quarterly dividend to shareholders of USD 0.06 per share.
---
SGCFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SGCFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $4.40 | $4.40 | 0.00% |
| Aug 15, 2024 | $4.21 | $4.21 | 0.00% |
| May 15, 2024 | $4.80 | $4.80 | 0.00% |
| Nov 13, 2023 | $4.20 | $4.20 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Sagicor Financial (SGCFF) report earnings?
Sagicor Financial (SGCFF) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Sagicor Financial (SGCFF) earnings time?
Sagicor Financial (SGCFF) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SGCFF EPS forecast?
SGCFF EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
---