The Sagicor Group has again recorded a robust quarter with net income of US$42.6 million (BDS$ 85.2 million) for the period ending June 30, representing a significant increase from the US$9.3 million (BDS$18.6 million) posted for the corresponding period in 2021.In the insurance and financial services firm’s Management Discussion and Analysis of the second quarter performance, it outlined that the group’s performance was fuelled by very strong net premium income from the United States of America segment.The Sagicor Group, established as the Barbados Mutual Life Assurance Society in 1840, comprises Sagicor Life Inc (Barbados and Trinidad and Tobago), Sagicor Jamaica, Sagicor Bank Jamaica Ltd, and Sagicor Life USA.The financial services company operates in 19 countries, but its main markets are Barbados, Jamaica, Trinidad and Tobago, and the United States of America.Sagicor USA has become one of the Sagicor Group’s strongest performers. It currently operates in 45 states in the US
When opportunity strikes, go after it and don't look back. While it may take time for you to scale up, the dream isn't as far it may seem. That's the focus of this week's Corporate Profile.
Sagicor earned less first quarter revenue in Barbados than it did last year, but the group, which was founded here as The Barbados Mutual Life Assurance Society in 1840, says its geographical diversification is paying off. When measured by location, Sagicor Financial Company Limited said in its management and discussion analysis for three months ended March 31, that its first quarter revenue in Barbados was $116.4 million, down from $125.6 …