Sagicor Financial Co. Ltd. Class A · TSX:SFC
Sagicor Financial Co. Ltd. Class A — Investor Presentation (September 2021)
22 slides from Sagicor Financial Co. Ltd. Class A's investor presentation, September 2021
Slide 1: Sagicor Financial Company Ltd. Investor Presentation
Sagicor Financial Company Ltd. (TSX: SFC) Investor Presentation September 2021
Slide 2: Caution regarding forward-looking information and non-IFRS measures
Caution regarding forward-looking information and non- IFRS measures Certain information contained in this presentation may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as “expe
Slide 3: Business Overview
Business Overview 3
Slide 4: Sagicor at a glance
Sagicor at a glance ▪ Leading financial services provider in 20 countries Financial Results (US$ million) LTM primarily in the Caribbean, with a growing presence in 2019 2020 Q2’21 the U.S. Revenue 1,867 1,878 2,024 ▪ Provides life, health, and P&C insurance, annuities, banking, asset management and
Slide 5: Sagicor's leading market position in key geographies
Sagicor’s leading market position in key geographies Emerging leader U.S. ▪ Rapidly growing in the largest insurance market in the world Other Caribbean 9% U.S. ▪ #1 market share in individual life insurance (67%), group life Trinidad & 34% (65%), group health (59%), pensions (58%) Tobago 1 Jamaica
Slide 6: Over 180 years of building a regional insurance leader
Over 180 years of building a regional insurance leader through integration of strategic acquisitions Acquisition of RBC Launch of affiliate Jamaica was reinsurance subsidiary completed and operations rebranded as Sagicor Bank Acquisition of Island Life in Jamaica Redomiciliation to 2021 and Nationwi
Slide 7: Investment highlights
Investment highlights Diversified operations with solid market-leading positions in the Caribbean and a fast-growing US business Significant growth opportunities both organic and inorganic Established track record of robust growth driving consistent profitability Well capitalized to execute growth,
Slide 8: Building for future growth: ongoing continuum
Building for future growth: ongoing continuum Digitize processes People Products Invest across the platform ▪ Enhance digital capabilities across ▪ Raise engagement through digital Deepen the platform Expand channels ▪ Grow captive agency distribution customer ▪ Enhance customer satisfaction and thi
Slide 9: Executing on capital management priorities
Executing on capital management priorities Funding organic growth Capital returns to investors ➢ Focused on supporting growth in Sagicor Life USA and ➢ Paid US$33 million in dividends to investors in 2020 and leveraging our industry leading digital capabilities US$16 million in H1 2021 (~4% annualiz
Slide 10: Investment Highlights
Investment Highlights 10
Slide 11: Sagicor Life
Sagicor Life (100% ownership) Competitive Advantages Highlights ▪ English-speaking Caribbean1 operations providing Leading market shares throughout the English- life, health, and annuity insurance, pension speaking Caribbean administration services and asset management ▪ Trinidad & Tobago ▪ St. Luci
Slide 12: Sagicor Jamaica
Sagicor Jamaica (49% ownership) Competitive Advantages Highlights ▪ Full-service financial institution offering individual life 1 #1 market share in individual and group and employee benefits, P&C insurance, commercial insurance, and asset management banking, investment banking, asset management ▪ V
Slide 13: Sagicor Life USA
Sagicor Life USA (100% ownership) Competitive Advantages Highlights ▪ Fast-growing provider of individual life and fixed Strong secular trends of U.S. retirement age annuity products in the U.S. focused on the middle- population market ▪ Strong distribution relationships through independent channels
Slide 14: Significant growth opportunities
Significant growth opportunities • Focus on penetrating the under-insured and under- pensioned Caribbean • Continue progress on digital initiatives to reach new customers Leverage our brand, expertise and distribution in key growth markets • Grow market share in individual fixed annuities • Expand p
Slide 15: Track record of robust growth and profitability
Track record of robust growth and profitability Total assets (US$ million) Total net revenue (US$ million) 13% CAGR 1,867 1,878 2,024 7,325 8,729 9,266 9,891 1,387 2018 2019 2020 Q2'21 2018 2019 2020 LTM Q2'21 Policy liabilities (US$ million) Net premium revenue (US$ million) 14% CAGR 1,242 1,403 1,
Slide 16: Strong capital base supports future growth
Strong capital base supports future growth MCCSR (%) Debt / capital ratio (%) 31.3% Retired subsequent to Q2 2021 36 44 253% 252% 30.2% 25.1%1 234% 247% 22.8% 22.2% 2018 2019 2020 Q2'21 2018 2019 2020 Q2'21 Capital base strengthened by $450 million capital raise in 2019 (Alignvest transaction), and
Slide 17: Conservative, resilient, diversified investment portfolio
Conservative, resilient, diversified investment portfolio Financial investments by asset class Debt securities by credit rating $7.9 billion $5.6 billion Un-rated/Other Deposits Other ✓ 3% Increasing U.S. asset 1% AAA/AA 4% Debt securities Mortgage loans 11% 71% exposure B 6% 29% A Finance loans Jam
Slide 18: Sagicor is a leader in digital: it's in our DNA
Sagicor is a leader in digital: it’s in our DNA State of the art direct to consumer platform Automated underwriting A smarter way to buy life insurance Sagicor recognized as one of the industry leaders in automated underwriting ✓ Instant (within seconds) underwriting decision Eliminates the need for
Slide 19: Best-in-class management team and board of directors
Best-in-class management team and board of directors Sagicor Financial Company Ltd. # Years at Sagicor Board of Directors 32 Dodridge 3 Andre Miller Mousseau Chairman Timothy Hodgson Group President Group Chief & CEO Operating Officer & Chief Financial Officer Group President Dodridge Miller & CEO 2
Slide 20: Quarterly Results Update Q2 2021
Quarterly Results Update Q2 2021 20
Slide 21: Q2 2021 financial highlights
Q2 2021 financial highlights Net income to Net insurance Total revenue shareholders1 premium revenue $9m $516m $365m +3,200% Y/Y +13% Y/Y +18% Y/Y Earnings Book value MCCSR per share per share US$0.064 US$7.57 247% +3,300% Y/Y +5% Y/Y improved 1 pt Q/Q ▪ Q2 2021 was another quarter of solid profitab
Slide 22: Investor Inquiries
Investor Inquiries Samantha Cheung EVP Investor Relations Samantha_Cheung@Sagicor.com 1-416-898-4324 or 800-342-0719 Andre Mousseau Group Chief Operating Officer and Chief Financial Officer Andre_Mousseau@Sagicor.com Please visit Sagicor.com
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