Sagicor Financial Co. Ltd. Class A · TSX:SFC
Sagicor Financial Co. Ltd. Class A — Q4 2021 Earnings Presentation
22 slides from Sagicor Financial Co. Ltd. Class A's earnings presentation, 2022
Slide 1: Sagicor Financial Company Ltd. Q4 2021 Investor Presentation
Sagicor Financial Company Ltd. (TSX: SFC) Q4 2021 Investor Presentation
Slide 2: Caution regarding forward-looking information and non-IFRS measures
Caution regarding forward-looking information and non- IFRS measures Cautionary Statements Certain information contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always identified by the use o
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) 2019 2020 2021 primarily in the Caribbean, with a growing presence in the U.S. Revenue 1,867 1,878 2,359 ▪ Provides life, health, and P&C insurance, annuities, Net income to shareholders 87 (4)
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 7% USA Barbados ▪ #1 market share in individual life insurance (66%), group life 47% 9% (61%), group health (56%), pensions (83%) 1 Jamaica ▪ #1 in
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: Sagicor investment highlights
Sagicor 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
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 2021 and leveraging our industry leading digital capabilities US$33 million in 2020 (~4% annualized
Slide 10: Investment Highlights
Investment Highlights 10
Slide 11: Sagicor Life
Sagicor Life (100% ownership) Competitive Advantages Highlights ▪ English-speaking Caribbean1 operations providing Leading market shares throughout the English- life, health, and annuity insurance, pension speaking Caribbean administration services and asset management ▪ Trinidad & Tobago ▪ St. Luci
Slide 12: Sagicor Jamaica
Sagicor Jamaica (49% ownership) Competitive Advantages Highlights ▪ Full-service financial institution offering individual life 1 #1 market share in individual and group and employee benefits, P&C insurance, commercial insurance, and asset management banking, investment banking, asset management ▪ V
Slide 13: Sagicor Life USA
Sagicor Life USA (100% ownership) Competitive Advantages Highlights ▪ Fast-growing provider of fixed annuity and life Strong secular trends of U.S. retirement age insurance products in the U.S. focused on the population middle-market ▪ Strong distribution relationships through independent channels A
Slide 14: Significant growth opportunities
Significant growth opportunities • Focus on penetrating the under-insured and under- pensioned Caribbean • Continue progress on digital initiatives to reach new customers Leverage our brand, expertise and distribution in key growth markets • Grow market share in individual fixed annuities • Expand p
Slide 15: Track record of robust growth and profitability
Track record of robust growth and profitability Total assets (US$ million) Total revenue (US$ million) 12% CAGR 19% CAGR 9,266 10,378 1,867 1,878 2,359 7,325 8,729 1,387 2018 2019 2020 2021 2018 2019 2020 2021 Policy liabilities (US$ million) Net premium revenue (US$ million) 15% CAGR 18% CAGR 5,602
Slide 16: Strong capital base supports future growth
Strong capital base supports future growth MCCSR1 (%) Debt / capital ratio1 (%) 36 44 269% 30.2% 253% 252% 29.1% 234% 22.8% 22.2% 2018 2019 2020 2021 2018 2019 2020 2021 Capital1 base strengthened by $450 million capital raise in 2019 (Alignvest transaction), approximately $70 million from TopCo deb
Slide 17: Conservative, resilient, diversified investment portfolio
Conservative, resilient, diversified investment portfolio Financial investments by asset class Debt securities by credit rating $8.5 billion (2021) $6.2 billion (2021) Deposits Other 2% 3% AAA/AA Mortgage loans Debt securities 10% 5% 73% B Finance loans 26% A 6% 13% Equity securities1 5.7% 69% 11% r
Slide 18: Sagicor is leaning in on digital: recent initiatives
Sagicor is leaning in on digital: recent initiatives Enhancing Customer Touchpoints & Service New Products and New Business Lines • Sagicor One Client Centre created a modern Client Service • New and Expanded Insurance Products included the launch of Center bringing together staff across services an
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 Mahmood Khimji Group President Group Chief & CEO Operating Officer & Chief Financial Officer Group President Dodridge Miller & CEO 26
Slide 20: Results Update
Results Update 2021 Financial Summary 20
Slide 21: 2021 financial summary
2021 financial summary Net income to Earnings Return on shareholders per share shareholders’ equity1 2021 $133m US$0.919 12.6% +3,800% Y/Y +3,929% Y/Y +12.9 pts Y/Y Net income to Earnings Return on shareholders per share shareholders’ equity1 Q4 2021 (annualised) $42m US$0.293 15.1% +44% Y/Y +48% Y/
Slide 22: Investor Inquiries
Investor Inquiries George Sipsis SVP Corporate Development and Capital Markets George_Sipsis@Sagicor.com 1-813-287-1602 Ext. 6255 Andre Mousseau Group Chief Operating Officer and Chief Financial Officer Andre_Mousseau@Sagicor.com Please visit Sagicor.com
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