Overview

* Sagicor Q3 core earnings to shareholders rise 45% yr/yr, driven by strong business momentum

* Net income to shareholders for Q3 increases 37% yr/yr, reflecting higher equity market returns

* Company maintains strong capital position with stable Group LICAT ratio of 141%

Outlook

* Sagicor expects impact from Hurricane Melissa on Caribbean operations

* Company maintains Group LICAT ratio at 141%

* Sagicor declares Q4 dividend of US 6.75¢ per share

Result Drivers

* INSURANCE EXPERIENCE - Sagicor Canada saw gains from favorable mortality experience, boosting core earnings

* MARKET IMPACT - Higher equity market returns and interest rate movements contributed to net income increase

* REPRICING INITIATIVES - Caribbean segments benefited from repricing initiatives, supporting earnings growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Core $35 mln

Earnings

Q3 Net $81 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Sagicor Financial Company Ltd ( SGCFF ) is C$11.00, about 25.5% above its November 12 closing price of C$8.20

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)