Bullboard - Stock Discussion Forum Sagicor Financial Company Ltd SGCFF

Primary Symbol: T.SFC Alternate Symbol(s): T.SFC.W

Financial Services Insurance - Diversified

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... see more

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Sagicor Financial Company Ltd > Third Quarter 2021 Results and Chair Succession

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Post by Betteryear2 on Nov 15, 2021 7:30pm

Third Quarter 2021 Results and Chair Succession

TORONTO and BARBADOS, Nov. 15, 2021 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor" or "Company"), a leading financial services provider in the Caribbean with a growing presence in the U.S., today announced its results for the third quarter ended September 30, 2021. All figures are in US$ unless otherwise stated.

Highlights

Total net revenue of $781.9 million in Q3 increased 94% year over year
Net insurance premiums of $623.5 million in Q3 increased 135% year over year
Net income to shareholders of $50.4 million in Q3
Earnings per share of US$0.349 or C$0.437 in Q3
Total comprehensive income to shareholders was $50.7 million in Q3
Book value per share of US$7.92 or C$10.05 in Q3
Dividend of US$0.05625 per common share to be paid during the fourth quarter (US$0.225 annualized dividend)