Alignvest Acquisition II Corp
TSX:SFC
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Alignvest Acquisition II Corp
TSX:SFC
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CA |
Alignvest Acquisition II Corp
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.
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.
Core earnings: Sagicor reported record 2025 core earnings to shareholders of $142 million, up 57% year‑over‑year and above management's revised $120–$130 million guidance.
ROE: Full‑year core return on shareholders' equity was 14.2%; management says run rate core earnings are about $125–$130 million and they've hit their 13% ROE medium‑term target a year early.
Guidance: Management forecasts core ROE of approximately 14% for 2027 and approximately 15% for 2028, driven by U.S. annuity growth, Canadian margin expansion and a Caribbean digital transformation.
Growth engines: U.S. annuities grew assets to nearly $6.8–$7.0 billion with $1.3 billion of production in 2025; Canada completed a major cloud migration for 750,000 policies; the Caribbean subsidiaries will merge to enable an AI‑driven transformation.
Capital returns & position: Book value per share rose to USD 7.65 (CAD 10.49); deployable capital was $2.2 billion (USD 15.95 per share); dividend increased to USD 0.075 per share (USD 0.30 annualized, ~11% higher).
Market volatility impacts: Q4 net loss to shareholders was $14 million due to market and FX volatility; some segments (Canada and U.S.) saw market‑related losses as rising rates hit liability valuations.
One‑offs & costs: Management flagged 2026 as an investment year with transaction and transformation costs tied to the Caribbean merger that may affect near‑term reported results.
