Sagicor Financial Corporation
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Sagicor Financial Corporation - Company
Capsule
Reference Code: FS0330CC
Published Date: April 2011
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Sagicor Financial Corporation - Company Capsule Page 1
Sagicor Financial Corporation
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Sagicor Financial Corporation - Company Overview
Sagicor Financial Corporation (Sagicor) is a Barbados based life insurance company. Through its subsidiaries, the
company is principally engaged in insurance, pensions, annuities, pension fund management, securities dealing, currency
dealing, mutual fund management, merchant banking, corporate trust services and loan finance and deposit. Sagicor
operates through four business segments namely, Life insurance, health insurance and annuities from contracts issued to
individuals, Life insurance, health insurance, annuities and pensions from contracts issued to groups, Banking, investment
management and other financial services and Property and casualty insurance. The company operates through a network
of 22 offices located in Barbados, Jamaica, the US, Bahamas, Panama, Trinidad & Tobago, Eastern Caribbean,
Netherland Antilles, Cayman Islands, the UK and St. Lucia. The company is headquartered at St. Michael, Barbados.
Financial Performance
The company reported revenues of (U.S. Dollars) USD 1,067.61 million during the fiscal year ended December 2008, an
increase of 38.12% over 2007. The operating profit of the company was USD 150.88 million during the fiscal year 2008,
an increase of 17.37% over 2007. The net profit of the company was USD 99.68 million during the fiscal year 2008, an
increase of 15.82% over 2007.
Sagicor Financial Corporation - Key Facts
Sagicor Financial Corporation, Key Facts
Sagicor Corporate Centre, St.
Ticker Symbol, Stock
Corporate Address: Michael, , , Barbados
SFC (Barbados Stock Exchange)
Exchange
Telephone + 1 246 4677500 No. of Employees 1,807
Fax + 1 246 4368829 Financial Year End December
URL www.sagicor.com Revenue (in USD Million) 1,067.61
Industry Financial Services
United Kingdom, United States, Anguilla, Antigua and Barbuda, Barbados, Belize, Cayman Islands,
Locations Dominica, Grenada, Jamaica, Panama, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the
Grenadines, Trinidad and Tobago
Source: Annual Report, Company Website, Primary and Secondary Research
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Sagicor Financial Corporation - Company Capsule Page 2
Sagicor Financial Corporation
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Sagicor Financial Corporation - Major Products and Services
Sagicor Financial Corporation (Sagicor Financial) is a Barbados based life insurance company. Its key services include
the following:
Sagicor Financial Corporation, Major Products and Services
Services:
Life and Health Insurance
General (property and casualty) Insurance
Mutual Funds
Asset Management
Residential and Commercial Mortgages
Brokerage Services
Pensions Investment and Administration Services
Annuities
Real Estate Development and Management
Investments Management
Lease Financing
Acquisition, Merger, Joint Venture and Strategic Alliance Evaluation
Management Consulting
Source: Annual Report, Company Website, Primary and Secondary Research
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Sagicor Financial Corporation - Company Capsule Page 3
Sagicor Financial Corporation
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Sagicor Financial Corporation - Key Competitors
The following companies are the major competitors of Sagicor Financial Corporation:
Allied World Assurance Company Holdings, Ltd
AXIS Capital Holdings Limited
Platinum Underwriters Holdings, Ltd.
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Sagicor Financial Corporation - Company Capsule Page 4
Sagicor Financial Corporation
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Sagicor Financial Corporation - Key Employees
Sagicor Financial Corporation, Key Employees
Name Job Title Board Level Since Age
Terrence Martins Chairman Executive Board 2007 67
Stephen D R McNamara Vice Chairman, Director Executive Board 2007 58
Andrew Aleong Director Non Executive Board 2005 48
Hilary Beckles Director Non Executive Board 2005 53
Marjorie Chevannes-
Director Non Executive Board 2005 57
Campbell
Jeannine Comma Director Non Executive Board 2007 58
Christopher de Caires Director Non Executive Board 2005 53
Joyce E Dear Director Non Executive Board 2006 65
Oscar W. Jordan G.C.M Director Non Executive Board 2002 70
William Lucie-Smith Director Non Executive Board 2005 57
Director, President, Chief Executive
Dodridge D. Miller Executive Board 2002 51
Officer
President - Sagicor Life Jamaica, Chief
Richard Byles Senior Management
Executive Officer - Sagicor Life Jamaica
President - Sagicor Life Inc, Chief
Patricia Downes-Grant Senior Management
Executive Officer - Sagicor Life Inc
President - Sagicor International
George J Estock Senior Management
Management Services Inc.
J. Andrew Gallagher Chief Risk Officer Senior Management
President - Sagicor Life Insurance
Ken A. Marshall Company, Chief Executive Officer - Senior Management
Sagicor Life Insurance Company
Philip N.W. Osborne Chief Financial Officer Senior Management 2003
Executive Vice President, General
Sandra Osborne Senior Management
Counsel, Secretary
Vice President - Corporate
Melba Smith Senior Management
Communications
John Shettle Director Non Executive Board 2008 54
Source: Annual Report, Company Website, Primary and Secondary Research
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