Sagicor Q4 2020 Business Overview and Growth Strategy
Sagicor S
Sagicor Jamaica
(49% ownership)
$
#1 market share in individual and group
insurance, and asset management
34%
of 2020 group
revenue
Offers investment management and
commercial & investment banking services
2nd largest publicly traded company
on Jamaica Stock Exchange (JSE: SJ)
US$1.4 billion market cap
SFC stake US$660 million
P&C Insurance
Q4 2020 Highlights
Revenue of $177 million declined 9% Y/Y
Driven principally by a devaluation of nearly 8%
year over year in the Jamaican dollar
Net income to shareholders (reflecting our
49%) of $11 million, down 40% from $18 million
for the same period in the prior year
■ Actuarial gains in Q4 2019 did not recur in Q4
2020
Commercial &
Investment
Banking
26%
Other
6%
5%
2020 Revenue
US$632m
Group Insurance
31%
Individual Insurance
32%
Q4 2020
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