Business
Sagicor Financial Company Ltd. to acquire ivari, a leading middle-market individual life insurer in Canada
Sagicor Financial Company Ltd. to acquire ivari, a leading middle-market individual life ...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n \n \n \n Sagicor Financial Company Ltd. to acquire ivari, a leading middle-market individual life insurer in Canada\n \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.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnpr4{\nPADDING-RIGHT:0.33em\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Transformational acquisition, expanding geography and accelerating growth\n \n \n \n \n Expands Sagicor's offering of protection and wealth management solutions into\n \n Canada\n \n \n \n \n \n Positions Sagicor as a leading provider of protection and savings products to the middle-market in\n \n North America\n \n \n \n \n \n ivari is the second largest provider of universal life insurance in\n \n Canada\n \n \n \n (1)\n \n \n \n \n ivari adds\n \n C$13.9 billion\n \n to Sagicor's existing assets; pro-forma debt securities to move from 69% to 83%\n \n \n (2)\n \n \n investment grade as of year end 2021\n \n \n \n \n Immediately accretive to EPS and BVPS by double digit percentage points\n \n \n (3)(4)\n \n \n \n \n Improvement to MCCSR ratio\n \n \n (3)\n \n \n ; debt to capital ratio\n \n \n (3)\n \n \n approximately unchanged\n \n \n (4)\n \n \n \n \n \n TORONTO and BARBADOS\n \n ,\n \n \n Aug. 25, 2022\n \n \n /CNW/ - Sagicor Financial Company Ltd. (\"Sagicor\" or the \"Compan...