Sagicor Financial Corporation - Company Capsule

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					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

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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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