Sagicor Financial Co. Ltd. Class A · TSX:SFC
Sagicor Financial Co. Ltd. Class A — Debt Investor Presentation (May 2026)
30 slides from Sagicor Financial Co. Ltd. Class A's debt investor presentation, May 2026
Slide 1: Sagicor Financial Fixed Income Investor Update
Sagicor Financial (TSX:SFC) Fixed Income Investor Update May 2026
Slide 2: Company Overview
Company Overview
Slide 3: 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 • Products and services include life and health insurance, annuities, pension investment and administration, property and casualty insura
Slide 4: Credit Investment Highlights
Credit Investment Highlights
Slide 5: Sagicor's Credit Investment Highlights
Sagicor’s Credit Investment Highlights Life insurance operator with market leading positions in Canada and the 1 Caribbean and a growing annuities platform in the U.S. 2 Track record of sustainable growth and profitability 3 Strong capital base providing stability through economic cycles 4 Conservat
Slide 6: Sagicor Business Overview
1 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 • Leadi
Slide 7: Track Record of Sustainable Growth and Profitability
2 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 185% ✓Grown comparable earnings by over 130%1 ✓Grown deployable capital2 / comparable book value by 56% ✓Restored investment grade status Total As
Slide 8: Strong Capital Base Providing Stability Through Economic Cycles
3 Strong Capital Base Providing Stability Through Economic Cycles ▪ Significant level of loss absorbing capital1 in Loss ➢ Provisions on balance excess of best estimate liabilities Absorbing Net Risk Capital1 sheet and released into Adjustment (RA)1 $3.4 billion US$0.7 billion income over time ▪ Vol
Slide 9: Conservative Leverage and Prudent Capital Management
4 Conservative Leverage and Prudent Capital Management • Prudent capital management bolstered by additional over $1 billion in net capital raised since 2019 • Target financial leverage of near or below 30% in ordinary course and committed to an investment grade platform • Layers of conservatism and
Slide 10: Investment Grade Credit Ratings from S&P, Fitch, and DBRS
5 Investment Grade Credit Ratings from S&P, Fitch, and DBRS • Since the completion of the acquisition of ivari in October 2023, Sagicor has restored investment grade credit ratings with S&P Global Ratings (“S&P”) and Fitch Ratings (“Fitch”), and gained an investment grade rating from Morningstar DBR
Slide 11: Resilient Investment Portfolio Driven by Sound Investment Policies
6 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
Slide 12: Experienced Management Team
7 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 o
Slide 13: Experienced and Aligned Board of Directors
7 Experienced and Aligned Board of Directors Board of Directors Corporate Governance Overview Chairman Mahmood Khimji • In-depth corporate governance policies and procedures aligned with Sagicor’s public listing in Toronto President & CEO • Implementation of enhanced financial Andre Mousseau disclos
Slide 14: Business Overview
Business Overview 14
Slide 15: Sagicor Canada
Sagicor Canada • Sagicor Canada (ivari) is a leading middle-market life insurance platform founded as Transamerica Life Canada in 1927 • Acquired by Sagicor in 2023 and furthers the company’s strategy of growing in individual life insurance • Primary offering includes universal life and traditional
Slide 16: 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 45 states and the district of Columbia • Broad distribution through independent m
Slide 17: Sagicor Jamaica
Sagicor Jamaica • The second largest publicly traded financial company on the Jamaica Stock Exchange • Leading life insurer and investments platform, commercial bank, and property and casualty insurer in the Jamaican market • Sagicor owns 49% and controls the operations as a subsidiary • Primarily o
Slide 18: Sagicor Life
Sagicor Life • Sagicor Life was established in 1840 in Barbados as Barbados Mutual Life Assurance Society and has grown in many of its markets across the English-speaking Caribbean1 • Provides life and health insurance, annuities, pension services, and asset management • Strong brand and market shar
Slide 19: Sustained Balance Sheet Growth Driving Strong Profitability
Sustained Balance Sheet Growth Driving Strong Profitability Total Assets (US$ billions) Revenues1,2 (US$ millions) $25.1 $25.2 $3,099 $3,005 $2,855 $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 Q1 2026 2019 2020 2021 2022 2023 2024 2025 LTM Q
Slide 20: Sagicor's Growth Strategy
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 • Appropriately comprehensive view of returns on a risk-adjusted basis with risk management immersed thro
Slide 21: Creating a Caribbean Champion
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 Financi
Slide 22: Appendix
Appendix 22
Slide 23: Management Team and Board With Significant Equity Ownership
Management Team and Board With Significant Equity Ownership Motivated and Engaged Anchor Investors Insiders and anchor investors on board of directors owning over 40%1 JMMB2 Expert finance and risk professionals with a strong and proven track record across large, global, and complex institutions 136
Slide 24: Enterprise Risk Management Framework
Enterprise Risk Management Framework Enterprise Risk Management Framework Risk Governance Risk Identification Risk Quantification Risk Decision Making Risk Messaging ▪ Three lines of defense ▪ Standardized risk ▪ Quantification of key ▪ Risk appetite and risk ▪ Various internal risk (“LOD”) taxonomy
Slide 25: Sustainability at Sagicor
Sustainability at Sagicor • Environmental • Maintain support to our local governments, clients, and communities to facilitate our collective transition to a climate resilient economy Sustainability in Action - 3.9% exposure to energy sector1 • Certain countries or regions where we operate are more s
Slide 26: Simplified Organization Structure
Simplified Organization Structure Unregulated Holding Company Regulated Operating Company Sagicor Financial Issuer Credit Rating Company Ltd. (Bermuda) S&P: BBB (Positive) (Publicly Traded) (Toronto Stock Exchange) DBRS: BBB (Stable) Fitch: BBB (Stable) 100% 100% Sagicor Financial ivari Holdings Inc
Slide 27: Footnotes
Footnotes From Slide 6 Sources: Insurance Association of Jamaica, Barbados Financials Services Commission, Financial Services Authority (St. Vincent & the Grenadines), Financial Services Regulatory Authority (St. Lucia), Financial Services Unit (Dominica), Financial Services Regulatory Commission (A
Slide 28: Caution Regarding Forward-Looking Information and Non-IFRS Measures
Caution Regarding Forward-Looking Information and Non-IFRS and Other Financial Measures Forward-Looking Information Certain information contained in this presentation may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “expe
Slide 29: 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 that follows is a presentation of general bac
Slide 30: iol
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Sagicor Financial Company — Debt Investor Presentation (May 2026) on 6ix