Sagicor ivari Acquisition Presentation
Sagicor S
Strengthening Sagicor's position as a leading life insurer¹
Geographic Diversification
Net
Income
Current
US$133 million
20%
27%
SLI
27%
SLI
36%
SUSA
ivari
27%
37%
SGJ
Pro-Forma
US$173 million
SGJ
26%
SUSA
Leading Canadian Insurer
Primed for Growth
Universal Life
2nd
26.3%
market share²
New Paid Premium (UL)
11%
compound annual
growth rate 2017-20213
Efficient operating platform,
focused business model, and
strong distribution relationships
enable growth and scalability
Enhanced Investment
Portfolio
Financially Compelling
Debt
Securities
Current
17%
Investment Grade: 69%
N-IG
31%
N-IG
69%
IG
83%
Pro-Forma
Investment Grade: 83%4
IG
Earnings Per Share (EPS) Accretion
25%+
Book Value Per Share (BVPS) Accretion5
Double Digit
Figures do not reflect potential upside from synergies
¹Certain statements on this slide are forward looking. See the "Forward-Looking Information / Cautionary Statements" section in this document. 2LIMRA's Canadian Universal Life Insurance Sales 2021. LIMRA numbers are
carrier-reported, and participants vary year-to-year, impacting reported market share. ³Based on ivari company reports. 4Accounting for the planned sale of approximately C$700 million of direct equities and reinvestment
into investment grade bonds by ivari by year end 2022. 5Represents a non-IFRS measure. See the "Non-IFRS Measures" section in this document and in our MD&A for relevant information about such measures.
Note: As at and for the year ending December 31, 2021. Note: Net income represents net income to shareholders. Note: USD/CAD exchange rate of 1.27 for end of period and 1.25 as average for the period.
Note: Sagicor Life USA = SUSA, Sagicor Jamaica = SGJ, Sagicor Life = SLI, universal life insurance = UL, non-investment grade = N-IG, investment grade = IG
Sagicor • ivari
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