Alignvest Acquisition II Corp
TSX:SFC

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Alignvest Acquisition II Corp
TSX:SFC
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Price: 9.15 CAD 1.95% Market Closed
Market Cap: 1.2B CAD

Alignvest Acquisition II Corp
Investor Relations

Sagicor Financial Co. Ltd. is a financial and insurance company, which provides financial services in the Caribbean. The company is headquartered in Toronto, Ontario. The company went IPO on 2017-04-25. The Company’s segments include Sagicor Life, Sagicor Jamaica, and Sagicor Life USA. The Sagicor Life segment is engaged in life and health insurance, annuities and pension administration in Barbados, Eastern Caribbean, Dutch Caribbean, Bahamas, Belize, Panama and Trinidad & Tobago. The Sagicor Jamaica segment is engaged in life, health, annuity, property and casualty insurance business, pension administration services, banking and financial services, hospitality and real estate investment services in Jamaica, Cayman Islands, Costa Rica and the United States. The Sagicor Life USA segment is engaged in life insurance and annuities in certain states of the United States.

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SFC
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Core Earnings Surge: Core earnings to shareholders rose 45% year-over-year to $35 million, reflecting strong performance across all segments.

Profitability & Book Value: Net income to shareholders reached $81 million, and book value per share hit a record $7.74 (USD), driven by strong core numbers and positive market impacts.

Segment Strength: Canadian and Caribbean businesses delivered robust results, while the U.S. business grew its assets and maintained strong return spreads.

Hurricane Melissa Impact: The estimated net income hit from the Jamaica hurricane is expected to be immaterial or just marginally material, likely under $10 million.

Credit Rating Upgrade: Fitch upgraded Sagicor’s long-term issuer rating to BBB, confirming investment grade across all agencies.

Dividend Continuity: Sagicor announced its 24th consecutive quarterly dividend, with management signaling a potential reassessment and possible increase after Q4.

ROE Outperformance: Annualized core ROE was nearly 14%, ahead of the company’s original mid-teens target.

Guidance Seen as Conservative: Management expects to exceed both core earnings and fixed annuity sales targets for 2025, with further upside possible in 2026.

Key Financials
Core Earnings to Shareholders
$35 million
Net Income to Shareholders
$81 million
Revenue
$974 million
Book Value Per Share
$7.74
LICAT Ratio
141%
Financial Leverage Ratio
26.6%
Dividend Per Share (Quarterly)
$0.0675
Annualized Dividend Per Share
$0.27
Annualized Core ROE
Nearly 14%
Sagicor Life USA New Business Production
$335 million
Sagicor Canada Sales Production (Annualized New Premium)
$16 million
Sagicor Canada Core Earnings to Shareholders
$27 million
Sagicor Jamaica Core Earnings to Shareholders (Company Share)
$12 million
Sagicor Life Core Earnings to Shareholders
$9 million
Jamaica Hurricane Impact (Estimated Net Income Hit Q4)
$5–10 million
Deployable Capital (Shareholders’ Equity + Net CSM)
$2.2 billion or $15.93 per share
Earnings Call Recording
Other Earnings Calls

Management

Mr. Andre Mousseau
President, CEO & Director
No Bio Available
Ms. Kathryn Jenkins B.Com., C.A., CPA
Group Chief Financial Officer
No Bio Available
Mr. George Sipsis BMSC, C.F.A.
Executive Vice President of Corporate Development & Capital Markets
No Bio Available
Mr. Christopher W. Zacca B.Sc., CD, J.P., M.B.A.
President & CEO of Sagicor Group Jamaica Limited
No Bio Available
Mr. Nari T. Persad B.Sc., F.S.A.
Group Chief Actuary
No Bio Available
Mr. Neil Freyke
Executive VP of Technology & Chief Digital Officer
No Bio Available
Ms. Althea C. Hazzard FCIS, L.L.B., L.L.M., LLM (Cantab), MICA
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Ingrid Card B.Sc., B.Sc. (Hons), M.B.A., MBA
VP of Group Marketing, Corporate Communications & Brand Experience
No Bio Available
Ms. Paula Walcott
Chief People Officer
No Bio Available
Mr. J. Andrew Gallagher CERA, F.S.A., FCIA, FSA
CEO & Chief Risk Officer of Sagicor Reinsurance Bermuda Limited
No Bio Available

Contacts

Address
ONTARIO
TORONTO
100 King Street West, 70th Floor
Contacts
+14163608248.0
www.sagicor.com