Sagicor ivari Acquisition Presentation

Sagicor S Transaction summary¹ Sagicor to Acquire ivari ☐ ivari is a leading middle-market individual life insurer in Canada focused on the universal and term life markets Expected purchase price of C$325 million; prior to closing ivari is expected to have additional equity capital injected into the business to meet IFRS 17 and LICAT 2023 standards (reflected in purchase price) Strong Strategic Fit ■ Transformational acquisition, expanding geography and accelerating growth Expands Sagicor's offering of protection and wealth management solutions in Canada Positions Sagicor as a leading provider of protection and savings products to the middle-market in North America Double digit percentage point EPS and BVPS accretion expected in the first year Financially Attractive Net assets acquired at a discount to book value Transaction internal rate of return well in excess of Sagicor's targets Financing / Capital Timing Expected to be financed largely through new debt and cash on hand Up to US$320 million of new debt financing in the form of a 5-year senior secured term loan facility Maintain strong capital: MCCSR ratio is expected to improve by over 10 percentage points, debt to capital ratio is expected to remain approximately unchanged Expected to close in the next 6 to 12 months Subject to receipt of regulatory approvals and satisfaction of customary closing conditions 1Certain statements on this slide are forward looking. See the "Forward-Looking Information / Cautionary Statements" section in this document. Sagicor • ivari 3

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