Sagicor Financial Co. Ltd. Class A · TSX:SFC
Sagicor Financial Co. Ltd. Class A — Q2 2026 Earnings Presentation
31 slides from Sagicor Financial Co. Ltd. Class A's earnings presentation, 2026
Slide 1: Sagicor Financial Investor Presentation Q2 2026
Sagicor Financial Investor Presentation Q2 2026
Slide 2: Sagicor at a Glance
Sagicor at a Glance • Sagicor Financial Company Ltd. (“Sagicor Financial” or “Sagicor”) is a leading provider of insurance products and related financial services • Core products and services include life and health insurance, annuities, pension investment and administration, property and casualty i
Slide 3: Sagicor Business Overview
Sagicor Business Overview • Sagicor’s balance sheet is approximately 75% in Canada and the United States, providing a stable base for participation in those markets • Over 80% of revenues1 primarily comprised of life insurance, health insurance, and annuities sold to individuals and groups • Leading
Slide 4: Investment Highlights
Investment Highlights 4
Slide 5: Reasons to Buy
Reasons to Buy 1 Attractive valuation with significant upside 2 Achievable growth opportunities with focus on expanding ROE1 Strong track record of sustainable growth, profitability, 3 and returning capital to shareholders 1Represents a non-IFRS or other financial measure. Refer to the Non-IFRS and
Slide 6: Attractive Valuation with Significant Upside
1 Attractive Valuation with Significant Upside 1 C$30.00 SFC Share Price (C$) Book Value per Share (C$) C$28.00 C$28.72 – 2.6x P/B1 C$26.00 C$24.00 SFC Market-Based C$22.00 Illustrative Value per Share2 C$22.44 – Q2 2026 Deployable Capital to Shareholders1 per Share C$20.00 Share Price Return1: +80%
Slide 7: Sagicor's Growth Strategy
2 Sagicor’s Growth Strategy • Growth through prudent and active management of the operating subsidiaries • Focused on growing high-unit economics businesses and products through capital allocation Multiple Avenues for Growth A Accelerate organic growth in the U.S. annuities platform B Boost margins
Slide 8: Accelerate Organic Growth in the U.S. Annuities Platform
A Accelerate Organic Growth in the U.S. Annuities Platform • The U.S. has a large and growing US$449 billion annuities market with attractive unit economics providing for high- teen marginal IRRs • Sagicor’s U.S. annuities platform has been a key driver of asset growth since SFC’s 2019 IPO • Executa
Slide 9: Boost Margins in the Canadian Investment Portfolio
B Boost Margins in the Canadian Investment Portfolio • ivari’s investment portfolio is postured very conservatively relative to our U.S. portfolio • Significant upside potential by re-allocating assets in line with modern portfolio theory Bond Portfolio Composition Federal Bonds Broadened Asset Clas
Slide 10: Creating a Caribbean Champion
C Creating a Caribbean Champion Well-Established Financial Institutions • Largest company on Jamaica Stock • Second oldest insurer in the Americas Exchange Group Caribbean • Leading insurance provider in the Eastern • Leading life and health insurance Caribbean provider in Jamaica #1 Caribbean Finan
Slide 11: Delivering Improved Shareholder Returns
2 Delivering Improved Shareholder Returns • Opportunity for each growth lever to deliver 1% to 2% additional core return on shareholders’ equity1 over the next three to five years A• Accelerate organic growth in the U.S. annuities platform B • Boost margins through optimization of the Canadian inves
Slide 12: Strong Track Record of Sustainable Growth and Profitability
2 Strong Track Record of Sustainable Growth and Profitability Since listing on the Toronto Stock Exchange in Q4 2019, this team has: ✓Grown total assets by over 195% ✓Grown comparable earnings by over 200%1 ✓Grown deployable capital2 / comparable book value by over 120% ✓Restored investment grade st
Slide 13: Strong Track Record of Returning Capital to Shareholders
3 Strong Track Record of Returning Capital to Shareholders $231 million1 $68 million2 Dividends Declared Share Repurchases Since TSX Listing Since TSX Listing Capital Returned to Shareholders (US$ millions) Annual Dividends Declared +7% +12.5% +11% Dividend Dividend Dividend Third consecutive annual
Slide 14: Key Messages
Key Messages ➢ Board and management focused on enhancing shareholder value ➢ Track record of value creation and returning capital to shareholders ➢ Significant growth opportunities with focus on expanding ROE ➢ Attractive valuation with significant upside
Slide 15: Business Segment Overviews
Business Segment Overviews 15
Slide 16: What We Do
What We Do Sagicor operates a business focused on earning income by assisting customers in managing future financial risks Investment Portfolio Federal Bonds Premiums and Deposits Asset Investments Provincial / State Customers Bonds Municipal Bonds Corporate Bonds Other Fixed- Income Assets Future B
Slide 17: Sagicor Canada
Sagicor Canada • Leading Canadian middle-market life insurer founded as Transamerica Life Canada in 1927; acquired by Sagicor in 2023 • Largest Sagicor segment by assets and core earnings Core Earnings • Focused on individual life insurance (universal life and term) with limited guarantees to Shareh
Slide 18: Sagicor Life USA
Sagicor Life USA • Acquired by Sagicor through two acquisitions in 2005 (American Founders and Laurel Life); balance sheet doubled over the past five years • Focused U.S. platform offering fixed annuity products across 46 states and the district of Columbia Core Earnings • Broad distribution through
Slide 19: Sagicor Jamaica
Sagicor Jamaica • One of the largest publicly traded financial companies on the Jamaica Stock Exchange (JSE:SJ) Core Earnings • Market-leading, diversified Jamaican financial services group with core strength in life to Shareholders1 insurance, health insurance, and annuities, supported by banking a
Slide 20: Sagicor Life
Sagicor Life • Heritage and Trust: Founded in 1840 in Barbados with deep roots and brand recognition across the English-speaking Caribbean3 Core Earnings • Market Leadership: Provides life and health insurance, annuities, pension services, and asset management to Shareholders1 • Diversified Platform
Slide 21: Sustained Balance Sheet Growth Driving Strong Profitability
Sustained Balance Sheet Growth Driving Strong Profitability Total Assets Revenues1,2 (US$ billions) (US$ millions) $3,447 $25.1 $25.9 $3,099 $3,005 $22.4 $22.8 $2,540 $2,534 $2,359 $1,867 $1,878 $10.4 $10.8 $8.7 $9.3 2019 2020 2021 2022 2023 2024 2025 Q2 2026 2019 2020 2021 2022 2023 2024 2025 LTM Q
Slide 22: Appendix
Appendix 22
Slide 23: Experienced Management Team
Experienced Management Team ▪ Appointed President and Chief Executive Officer in April 2023 Andre Mousseau President and ▪ Previously held the positions of Group Chief Operating Officer from 2021 to 2023, and Group Chief Financial Officer from 2019 to 2023 Chief Executive Officer ▪ Over 20 years of
Slide 24: Experienced and Aligned Board of Directors
Experienced and Aligned Board of Directors Board of Directors Motivated and Engaged Anchor Investors Share count reduced from Chairman Mahmood Khimji 147.8 million at TSX listing JMMB1 President Andre Mousseau & CEO 135.9 million The Most Honourable Shares Dodridge D. Miller Float Q2 20263 Other Sir
Slide 25: Resilient Investment Portfolio Driven by Sound Investment Policies
Resilient Investment Portfolio Driven by Sound Investment Policies • Conservative investment portfolio comprised mostly of corporate and government bonds • Portfolio driven primarily by highly liquid investment grade debt • Limited exposure to real estate, private debt, private equity, and public eq
Slide 26: Well Capitalized with Available Excess Capital and Liquidity
Well Capitalized with Available Excess Capital and Liquidity 27.4% Financial leverage ratio1 $225 million Liquidity from revolving credit facility 134% Group LICAT1 ratio Strong capital base with significant excess capital Significant capital deployment potential Solid capital position to grow share
Slide 27: Sagicor's Growth Strategy: Enabling our Path to Our Future State
Sagicor’s Growth Strategy: Enabling our Path to Our Future State Transform ➢ December 2019: TSX listing raised significant capital for organic and inorganic growth Total Assets US$8.7 billion ➢ August 2022: Announced acquisition of Canadian life insurer ivari ➢ October 2023: ivari acquisition comple
Slide 28: Footnotes
Footnotes From Slide 3 Sources: Insurance Association of Jamaica, Barbados Financial Services Commission, Financial Services Authority (St. Vincent & the Grenadines), Financial Services Regulatory Authority (St. Lucia), Financial Services Unit (Dominica), Financial Services Regulatory Commission (An
Slide 29: Caution Regarding Non-IFRS and Other Financial Measures
Caution Regarding Non-IFRS and Other Financial Measures This investor presentation for Sagicor Financial Company Ltd. (“Sagicor Financial”, “Sagicor” or the “Company”) should be read in conjunction with the Company’s Management’s Discussion & Analysis (“MD&A”) and the Consolidated Financial Statemen
Slide 30: Disclaimer
Disclaimer By attending the meeting where this presentation is made, by reading the presentation slides or by otherwise receiving the information herein, you will be deemed to have accepted and to have acknowledged the following limitations: The material contained within this is presentation is gene
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Sagicor Financial Company — Q2 2026 Earnings Presentation on 6ix