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Sagicor Financial Announces Proposed Simplified Organizational Structure
Sagicor Financial Announces Proposed Simplified Organizational Structure Canada NewsWire ...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n\n\nSagicor Financial Announces Proposed Simplified Organizational Structure\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO and BARBADOS, Dec. 16, 2025 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) (\"Sagicor Financial\" or \"SFC\"), a leading financial services provider in Canada, the United States and the Caribbean, today announced it has entered into a definitive agreement to combine Sagicor Group Jamaica Limited (JSX: SJ) (\"SGJ\") and Sagicor Life Inc. (\"SLI\"), both subsidiaries of SFC (the \"Transaction\"). On a pro forma basis, the combined entity, to be rebranded under a new Caribbean holding company to be named Sagicor Group Caribbean Limited (\"Sagicor Group Caribbean\" or \"SGC\"), would have US$6.9 billion of total assets and US$1.3 billion of total revenues(1) as of and for the last twelve-month period ending September 30, 2025. SGC intends to replace SGJ as the company publicly listed on the Jamaica Stock Exchange.\nThe combination of SGJ and SLI aligns with SFC's business strategy of achieving greater certainty over operational synergies across both businesses. The Transaction also provides a simplified view for investors by merging both of SFC's Caribbean-based businesses under a single public listing. The combination is expected to be approximately core earnings(1) to shareholders neutral to SFC before the impact of any synergies. The management teams of SGJ and SLI have identified potential revenue and cost synergies which could provide for meaningful financial upside.\nAndre Mousseau, President and Chief Executive Officer of SFC, said: \"The rationale for this merger is clear and compelling. By bringing together our Caribbean operations, we can harness the power of synergy, l...