Sagicor Q4 2020 Business Overview and Growth Strategy
Sagicor S
Sagicor Life USA
(100% ownership)
Fast-growing provider of individual
annuities and life insurance with
opportunities to cross-sell
Award-winning, simple, easy-to-buy life
and annuity products
A- Excellent financial strength rating from
Stable AM Best
Individual Life
10%
Individual Annuity
90%
36%
of 2020 group
revenue
Q4 2020 Highlights
Revenue of $295 million up 186% Y/Y
口
Net premium revenue of $255 million, up 260%
Y/Y due to higher multi-year guaranteed annuity
(MYGA) sales
Revenues were also positively impacted by higher
net investment income resulting from the continued
reversal of some of the unrealized mark-to-market
losses incurred earlier in the year
Net income to shareholders of $9 million as
compared to net income of $16 million in the
same quarter last year
Strong premium growth offset by an $18 million
strengthening of actuarial liabilities associated
with forward-looking assumptions
2020 Revenue
US$679m
Q4 2020 13View entire presentation