Sagicor Financial Co. Ltd. Class A · TSX:SFC

Sagicor Financial Co. Ltd. Class A — Q3 2010 Earnings Presentation

14 slides from Sagicor Financial Co. Ltd. Class A's earnings presentation, September 2010

  1. Slide 1: Review of Quarter ended September 30th 2010

    SAGICOR Financial Corporation Review of Quarter ended September 30th 2010 To be a GREAT Company, committed to improving the lives of the people in the communities in which we operate. 1

  2. Slide 2: Environment

    Sagicor Financial Corporation Environment ƒ Global financial and economic environment continues to be challenging. ƒ Within the region, Jamaica managing its economy under an IMF pprogram, g , Barbados downgraded g to “BBB-” by S&P, and T&T experiencing reduced growth. ƒ Other Caribbean countries are

  3. Slide 3: SFC performance in a challenging environment

    Sagicor Financial Corporation In this challenging environment, the SFC performance was: • Reduced net income of US$33.4M compared to US$64M last year. • Stable total comprehensive income of US $85.4M compared to US$90.2M last year. • Net Book Value grew by 7% to US$1.98 per share. • Maintained stron

  4. Slide 4: Consolidated Statement of Income

    Sagicor Financial Corporation SAGICOR FINANCIAL CORPORATION CONSOLIDATED STATEMENT OF INCOME 30‐Sep 30‐Sep (Amounts expressed in US$ M) 2010 2009 Total Revenue 909 913 Benefits & Expenses 845 834 Net Income before Taxes and Cat Losses 64 79 Income Taxes (13) (15) Net Income before Cat Losses 51 64 p

  5. Slide 5: Sagicor at Lloyds (SaL)

    Sagicor Financial Corporation Sagicor at Lloyds (SaL) ƒ Unusual catastrophe losses: ƒ Chile quake in Q1 produced US$11 US$11.4M 4M of claims; ƒ New Zealand quake in Q3 potential claims of US$5.4M ƒ Total losses of US$6.4M in Q3 and US$16.8M YTD. ƒ Windstorm and other significant claims of US$5M in Q

  6. Slide 6: Sagicor USA

    Sagicor Financial Corporation Sagicor USA ƒ Net premiums of US$78M compared to US$137M last year due to reduction of annuity business throughout industry. industry ƒ Difficult to scale back fixed costs in the short term to match reduced premium income. income ƒ Net income of US$(1)M vs US$8.6M last

  7. Slide 7: Sagicor Life Jamaica

    Sagicor Financial Corporation Sagicor Life Jamaica ƒ Has generated strong performance over the years. ƒ Delivered US$23.1M compared with US$31.3M last year. ƒ Contributing factors this year: ƒ Significant capital gains and stronger yields in 2009; ƒ Lower investment yields, post JDX in 2010; ƒ Lower

  8. Slide 8: Sagicor Life Inc.

    Sagicor Financial Corporation Sagicor Life Inc. ƒ Main Caribbean operating subsidiary represented in Barbados,, T&T,, Eastern Caribbean,, Netherlands Antilles and Belize. ƒ Delivered strong performance of US$22 US$22.5M 5M compared with US$18.5M last year. ƒ Improved premium revenue and favourable p

  9. Slide 9: Comprehensive Income

    Comprehensive Income (Expressed in US $ M) 2010 2009 Total revenue 908.7 913.2 Benefits & Expenses (862.5) (833.9) Net income before taxes 46 2 46.2 79 3 79.3 Income taxes (12.8) (15.3) Net income for the period 33.4 64.0 Other comprehensive income: Changes in fair value al e of financial assets net

  10. Slide 10: Sagicor Financial Corporation income statement

    Sagicor Financial Corporation (Expressed in US $000) 2010 2009 REVENUE Net premium revenue 648,179 641,493 Net investment and other income 260,541 271,682 Total revenue 908,720 913,175 BENEFITS Net policy benefits 397,371 331,434 Change in actuarial liabilities 104,527 144,798 Interest expense 59,04

  11. Slide 11: Balance Sheet

    Sagicor Financial Corporation Balance Sheet ƒ Total assets grew 11% to US$ 4.9B. ƒ Total Equity grew 9% to US$ 744.1M. 744 1M ƒ Shareholders’ equity grew 7% to US$576.8M ƒ Modest Debt/Equity Ratio of 26% ƒ Solid capital and financial condition 11

  12. Slide 12: Balance Sheet

    Sagicor Financial Corporation Balance Sheet ƒ A.M. Best rating of “A- Excellent” (in top 25% of global insurers) ƒ S&P Rating of BBB- (Stable) (i li (in line with ith B Barbados b d Sovereign) S i ) ƒ Solid capital and financial condition 12

  13. Slide 13: Summary

    Sagicor Financial Corporation Summary ƒ Operating in challenging business environment. ƒ UK operations affected by unusual catastrophes. catastrophes ƒ Reduced net income for the period. ƒ St Strong o g co comprehensive p e e s e income. co e ƒ Strong risk adjusted capital position. ƒ Strong financi

  14. Slide 14: Thank You

    Sagicor Financial Corporation Th k Y Thank You Any Questions? 14

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