Sagicor Financial : Financial Statements (image/SFCL Consolidated Financial Statements Q1 2026)

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Published on 05/13/2026
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‌SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Three months ended March 31, 2026

SAGICOR FINANCIAL COMPANY LTD.

‌Unaudited Condensed Consolidated Financial Statements:

Statement of Financial Position 2

Statement of Income 3

Statement of Comprehensive Income 4

Statement of Changes in Equity 5

Statement of Cash Flows 6

Notes to the Unaudited Condensed Consolidated Financial Statements:

General Information 7
Material Accounting Policies 7
Segments 7
Financial Investments 12
Insurance and Reinsurance Contract Assets and Liabilities 14
Deposit and Security Liabilities 22
Notes and Loans Payable 22
Segregated Funds Assets and Liabilities on Account of Fund Holders 23
Insurance Revenue and Service Expenses 24
Net Investment Income and Net Insurance Finance Expenses 25
Expenses By Nature 26
Fair Value Disclosure of Assets and Liabilities Carried at Fair Vale 27
Credit Risk 32
Cash Flows 33
Earnings per Common Share 35
Repurchase of Shares 35
Dividend 35
Subsequent Event 35

SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

‌(Unaudited)

Note

As of March 31, 2026

As of December 31, 2025

Amounts in US $000

ASSETS

Cash

375,156

333,423

Restricted cash

121,304

118,853

Financial investments

19,251,432

19,257,495

Financial investments repledged

904,987

860,782

Reinsurance contract assets

2,997,541

3,044,576

Insurance contract assets

15,282

9,796

Miscellaneous assets and receivables

286,783

287,466

Income tax assets

335,047

319,487

Associates and joint ventures

72,852

72,357

Intangible assets

82,055

82,555

Investment property

67,888

71,410

Property, plant and equipment

227,442

225,003

Segregated funds assets

423,161

450,643

Total assets

25,160,930

25,133,846

LIABILITIES

Accounts payable and accrued liabilities

311,555

286,087

Income tax liabilities

15,064

17,034

Investment contract liabilities

469,245

468,763

Reinsurance contract liabilities

13,149

12,612

Insurance contract liabilities

17,987,703

17,951,638

Deposit and security liabilities

3,426,082

3,375,106

Lease liabilities

61,331

62,774

Notes and loans payable

1,003,027

998,582

Other liabilities / retirement benefit liabilities

81,558

75,517

Insurance contract liabilities on account of segregated fund policyholders

423,161

450,643

Total liabilities

23,791,875

23,698,756

EQUITY

Share capital

1,360

1,352

Share premium

705,645

700,331

Reserves

(121,734)

(102,828)

Retained earnings

392,308

437,727

Total shareholders’ equity

977,579

1,036,582

Non-controlling interests

391,476

398,508

Total equity

1,369,055

1,435,090

Total liabilities and equity

25,160,930

25,133,846

Director

These consolidated financial statements have been approved for issue by the Board of Directors on May 13, 2026.

Director

SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

‌(Unaudited)‌

Note

Three months to March 31, 2026

Three months to March 31, 2025

Amounts in US $000

Insurance revenue

386,918

359,585

Insurance service expenses

(327,289)

(259,945)

Net expenses from reinsurance contracts held

(9,107)

(41,464)

INSURANCE SERVICE RESULT

50,522

58,176

Gain on derecognition of amortized cost investments

–

Gain on derecognition of assets carried at FVTOCI

1,155

3,152

Interest income earned from financial assets measured at amortized cost and FVTOCI

72,088

63,954

Credit impairment loss

(988)

(2,358)

Net (loss) / gain on FVTPL investments

(2,844)

183,726

Other investment income

1,974

1,624

NET INVESTMENT INCOME

71,405

250,098

Finance expenses from insurance contracts issued

(25,053)

(224,020)

Finance income from reinsurance contracts held

3,508

53,367

NET INSURANCE FINANCE EXPENSES

(21,545)

(170,653)

NET INVESTMENT RESULT BEFORE SEGREGATED FUNDS

49,860

79,445

Net investment income for segregated funds

117

1,124

Finance expenses from insurance contracts issued for segregated funds

(117)

(1,124)

NET INVESTMENT RESULT FOR SEGREGATED FUNDS

–

TOTAL INVESTMENT RESULT

49,860

79,445

NET INSURANCE AND INVESTMENT RESULT

100,382

137,621

Fees and other income

38,768

38,075

Share of income of associates and joint ventures

1,172

204

Other operating expenses

(111,626)

(93,284)

Other interest and finance costs

(54,625)

(50,457)

(LOSS) / INCOME BEFORE TAXES

(25,929)

32,159

Income taxes

(3,049)

(12,260)

NET (LOSS) / INCOME FOR THE PERIOD

(28,978)

19,899

Net (loss) / income is attributable to:

Common shareholders

(34,436)

6,698

Non-controlling interests

5,458

13,201

(28,978)

19,899

Earnings per common share:

Basic earnings per common share

(25.4) cents

4.9 cents

Fully diluted earnings per common share

(25.4) cents

4.8 cents

SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

‌(Unaudited)‌

Three months to March 31, 2026

Three months to March 31, 2025

Amounts in US $000

NET (LOSS) / INCOME FOR THE PERIOD

(28,978)

19,899

OTHER COMPREHENSIVE (LOSS) / INCOME:

Items net of tax that may be reclassified subsequently to income:

Financial assets measured at FVTOCI:

(Loss) / gain on revaluation

(10,402)

6,878

Gain transferred to income

(913)

(725)

Retranslation of foreign currency operations

(7,934)

(6,565)

(19,249)

(412)

Items net of tax that will not be reclassified subsequently to income:

Gain arising on revaluation of owner-occupied property

1,123

175

(Gain) / loss on defined benefit plans

3,085

(756)

4,208

(581)

Other comprehensive loss

(15,041)

(993)

TOTAL COMPREHENSIVE (LOSS) / INCOME FOR THE PERIOD

(44,019)

18,906

Total comprehensive (loss) / income is attributable to:

Common shareholders

(49,225)

6,611

Non-controlling interests

5,206

12,295

(44,019)

18,906

SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

‌(Unaudited)‌

Share Capital

Share Premium

Reserves

Retained Earnings

Total Shareholders’ Equity

Non-controlling Interests

Total Equity

Amounts in US $000

Three months to March 31, 2026

Balance, January 1, 2026

1,352

700,331

(102,828)

437,727

1,036,582

398,508

1,435,090

Net loss for the period

–

(34,436)

5,458

(28,978)

Other comprehensive loss

–

(17,874)

3,085

(14,789)

(252)

(15,041)

Total comprehensive loss for the period

–

(17,874)

(31,351)

(49,225)

5,206

(44,019)

Transactions with holders of equity instruments:

Allotment of common shares

5,325

–

5,333

–

5,333

Repurchase of shares (note 16)

–

(11)

–

(3)

(14) –

(14)

Changes in reserve

–

(3,067)

(1,409)

(4,476)

(4,467)

Dividends declared

–

(10,209)

(11,245)

(21,454)

Transfers and other movements

–

2,035

(2,447)

(412)

(1,002)

(1,414)

Balance, March 31, 2026

1,360

705,645

(121,734)

392,308

977,579

391,476

1,369,055

Three months to March 31, 2025

Balance, January 1, 2025

1,354

700,413

(160,515)

418,440

959,692

362,762

1,322,454

Net income for the period

–

6,698

13,201

19,899

Other comprehensive loss

–

669

(756)

(87)

(906)

(993)

Total comprehensive income for the period

–

669

5,942

6,611

12,295

18,906

Transactions with holders of equity instruments:

Allotment of common shares

1,723

–

1,726

–

1,726

Repurchase of shares (note 16)

–

(55)

–

(46) –

(46)

Movement in treasury shares

–

Changes in reserve

–

(351)

(158)

(509) 18

(491)

Dividends declared

–

(9,167)

(9,783)

(18,950)

Transfers and other movements

–

751

(879)

(128) (3)

(131)

Balance, March 31, 2025

1,357

702,110

(159,446)

414,187

958,208

365,289

1,323,497

The accompanying notes form an integral part of these financial statements.

SAGICOR FINANCIAL COMPANY LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

‌(Unaudited)‌

Note

Three months to March 31, 2026

Three months to March 31, 2025

Amounts in US $000

OPERATING ACTIVITIES

(Loss) / income before taxes

(25,929)

32,159

Adjustments for non-cash items, interest and dividends

6,051

3,460

Interest and dividends received

144,692

122,681

Interest paid

(40,565)

(41,675)

Income taxes paid

(17,271)

(17,986)

Net change in investments

(292,644)

(345,821)

Net change in operating assets

25,931

34,724

Net change in operating liabilities

183,604

197,602

Net cash flows – operating activities

(16,131)

(14,856)

INVESTING ACTIVITIES

Property, plant and equipment, net

(1,744)

(1,901)

Associates and joint ventures

(200)

(250)

Dividends received from associates and joint ventures

1,408

850

Intangible assets, net

(1,232)

(1,710)

Net cash flows – investing activities

(1,768)

(3,011)

FINANCING ACTIVITIES

Repurchase of common shares

(14)

(46)

Movement in treasury shares

–

Shares issued to non-controlling interest

(1,002)

–

Notes and loans payable, net

(3,470)

(7,801)

Lease liability, principal paid

(2,210)

(2,129)

Net cash flows – financing activities

(6,696)

(9,947)

Effect of exchange rate changes

1,148

(2,192)

NET CHANGE IN CASH AND CASH EQUIVALENTS

(23,447)

(30,006)

Cash and cash equivalents, beginning of period

868,080

927,709

CASH AND CASH EQUIVALENTS, END OF PERIOD

844,633

897,703

The accompanying notes form an integral part of these financial statements.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

‌GENERAL INFORMATION‌

These unaudited interim condensed consolidated financial statements (“condensed consolidated financial statements”) of Sagicor Financial Company Ltd. and its subsidiaries (the “Group”), (“Sagicor”) are presented in compliance with International Accounting Standard (“IAS”) 34 – Interim Financial Reporting. The condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the audited 2025 annual consolidated financial statements and the accompanying notes included in pages 93 to 211 of the Annual Report for 2025. The condensed financial statements however do include certain disclosures required in the annual financial statements, but which are additional to the requirements of IAS 34.

All amounts in these financial statements are shown in thousands of United Stated dollars (US$), which is the Group’s presentation currency, unless otherwise stated.

The common shares of Sagicor are listed on the Toronto Stock Exchange and are traded under the symbol “SFC”.
‌MATERIAL ACCOUNTING POLICIES‌

These condensed consolidated financial statements have been prepared using the same accounting policies and methods used in preparation of the audited 2025 annual consolidated financial statements. The principal accounting policies are described in note 2 of those annual consolidated financial statements.

The following amendments became effective January 1, 2026 and have been deemed to have no material effect on the Group: IFRS 9 and IFRS 7 – “Classification and Measurement of Financial Instruments”.

‌SEGMENTS‌

The Group conducts its business through four reportable operating segments, as follows:

Sagicor Canada: Engages in individual life insurance, annuities, segregated funds, and accident and sickness insurance business throughout Canada.
Sagicor Life USA: Engages in life insurance and annuity business in certain states of the USA and, through a segregated account, transfers insurance risks associated with certain life and annuity products, and financial instruments supporting those liabilities, to Sagicor Reinsurance Bermuda Ltd.
Sagicor Jamaica: Engages in life, health, annuity, property and casualty insurance business, pension administration services, banking and financial services, and real estate investment services in Jamaica, The Cayman Islands, Panamá, Costa Rica and USA.
Sagicor Life: Engages in life, health, annuity, property and casualty insurance business, and pension administration services in Barbados, Eastern Caribbean, Aruba, Bahamas, Belize, and Trinidad & Tobago and, through a segregated account, Sagicor Life transfers insurance risks associated with certain life and annuity products relating to Trinidad & Tobago business to Sagicor Reinsurance Bermuda Ltd.

Segmented financial information is set out in the sections 3.1 to 3.4.

‌Statement of income by segment‌

Sagicor Canada

Sagicor Life USA

Sagicor Jamaica

Sagicor Life

Head office and other

Adjustments

Total

Three months to March 31, 2026

Insurance revenue

174,632

26,922

96,640

88,724

–

386,918

Insurance service expenses

(127,803)

(20,296)

(116,630)

(62,560)

–

(327,289)

Net expenses from reinsurance contracts held

(24,545)

(3,447)

30,523

(11,638)

–

(9,107)

Inter-segment insurance service result

–

(225)

–

(32)

–

257

–

Insurance service result

22,284

2,954

10,533

14,494

–

257

50,522

Gain on derecognition of amortized cost investments

–

Gain / (loss) on derecognition of assets carried at FVTOCI

–

(61)

1,072

144

–

1,155

Interest income earned from financial assets measured at amortized cost and FVTOCI

–

16,776

48,023

5,825

1,464

–

72,088

Credit impairment recovery / (loss)

–

(307)

(877)

580

(384)

–

(988)

Net gain / (loss) on FVTPL investments

(34,018)

3,130

12,794

18,441

(3,191)

–

(2,844)

Other investment income / (loss)

(7)

1,112

262

443

164

–

1,974

Inter-segment investment income / (expenses)

–

755

5,953

24,055

(30,841)

–

Net investment income / (loss)

(34,025)

20,728

62,029

31,406

22,108

(30,841)

71,405

Finance income / (expenses) from insurance contracts issued

25,070

(13,462)

(7,139)

(29,522)

–

(25,053)

Finance income / (expenses) from reinsurance contracts held

2,350

661

716

(219)

–

3,508

Inter-segment net insurance finance income / (expenses)

–

116

–

(118)

–

Net insurance finance income / (expenses)

27,420

(12,685)

(6,423)

(29,859)

–

(21,545)

Net investment result before segregated funds

(6,605)

8,043

55,606

1,547

22,108

(30,839)

49,860

Net investment income for segregated funds

117

–

117

Finance expenses from insurance contracts issued for segregated funds

(117) –

–

(117)

Net investment result for segregated funds

–

Total investment result

(6,605)

8,043

55,606

1,547

22,108

(30,839)

49,860

Net insurance and investment result

15,679

10,997

66,139

16,041

22,108

(30,582)

100,382

Fees and other income

128

29,166

1,620

7,529

296

38,768

Share of income of associates and joint ventures

–

212

960

–

1,172

Other operating expenses

(5,801)

(11,289)

(61,197)

(23,051)

(13,140)

2,852

(111,626)

Other interest and finance costs

(14,069)

(5,856)

(15,360)

(4,507)

(15,009)

176

(54,625)

Inter-segment other income / (expenses)

–

(3,238)

(717)

(297)

(5,738)

9,990

–

Segment (loss) / income before taxes

(4,063)

(9,357)

18,243

(9,234)

(4,250)

(17,268)

(25,929)

Income taxes

3,385

1,964

(6,365)

(1,820)

(213)

–

(3,049)

Segment net (loss) / income for the period

(678)

(7,393)

11,878

(11,054)

(4,463)

(17,268)

(28,978)

Net (loss) / income attributable to shareholders

(678)

(7,393)

6,285

(11,060)

(4,322)

(17,268)

(34,436)

Net income / (loss) attributable to non-controlling interests

–

5,593

(141)

–

5,458

Total comprehensive (loss) / income attributable to shareholders

(14,671)

(7,371)

529

(7,820)

(2,689)

(17,203)

(49,225)

Statement of income by segment (continued)

Sagicor Canada

Sagicor Life USA

Sagicor Jamaica

Sagicor Life

Head office and other

Adjustments

Total

Three months to March 31, 2025

Insurance revenue

159,075

26,127

91,439

82,944

–

359,585

Insurance service expenses

(111,241)

(22,955)

(68,658)

(57,091)

–

(259,945)

Net expenses from reinsurance contracts held

(25,361)

(799)

(6,239)

(9,065)

–

(41,464)

Inter-segment insurance service result

–

(36)

–

(35)

–

Insurance service result

22,473

2,337

16,542

16,753

–

58,176

Gain on derecognition of assets carried at FVTOCI

–

888

2,258

–

3,152

Interest income earned from financial assets measured at amortized cost and FVTOCI

–

12,043

43,109

7,616

1,186

–

63,954

Credit impairment recovery / (loss)

–

(87)

(2,219)

370

(422)

–

(2,358)

Net gain on FVTPL investments

47,427

85,229

35,652

11,814

3,604

–

183,726

Other investment income / (loss)

(26)

1,574

(150)

172

–

1,624

Inter-segment investment income

–

835

6,138

3,060

(10,104)

–

Net investment income

47,401

99,718

79,689

25,788

7,606

(10,104)

250,098

Finance expenses from insurance contracts issued

(90,181)

(90,204)

(20,840)

(22,795)

–

(224,020)

Finance income / (expenses) from reinsurance contracts held

49,654

3,980

(119)

(148)

–

53,367

Inter-segment net insurance finance income / (expenses)

–

308

–

(309)

–

Net insurance finance expenses

(40,527)

(85,916)

(20,959)

(23,252)

–

(170,653)

Net investment result before segregated funds

6,874

13,802

58,730

2,536

7,606

(10,103)

79,445

Net investment income for segregated funds

1,124

–

1,124

Finance expenses from insurance contracts issued for segregated funds

(1,124)

–

(1,124)

Net investment result for segregated funds

–

Total investment result

6,874

13,802

58,730

2,536

7,606

(10,103)

79,445

Net insurance and investment result

29,347

16,139

75,272

19,289

7,606

(10,032)

137,621

Fees and other income

470

31,777

3,318

2,025

465

38,075

Share of income / (loss) of associates and joint ventures

–

(554)

758

–

204

Other operating expenses

(3,739)

(8,365)

(57,418)

(9,126)

(12,570)

(2,066)

(93,284)

Other interest and finance costs

(13,171)

(4,307)

(14,289)

(4,348)

(14,588)

246

(50,457)

Inter-segment other income / (expenses)

–

(3,568)

(627)

(274)

(5,644)

10,113

–

Segment income / (loss) before taxes

12,907

(81)

34,161

9,617

(23,171)

(1,274)

32,159

Income taxes

(1,964)

(8,370)

(1,955)

–

(12,260)

Segment net income / (loss) for the period

10,943

(64)

25,791

7,662

(23,159)

(1,274)

19,899

Net income / (loss) attributable to shareholders

10,943

(64)

12,463

7,652

(23,022)

(1,274)

6,698

Net income / (loss) attributable to non-controlling interests

–

13,328

(137)

–

13,201

Total comprehensive income / (loss) attributable to shareholders

10,920

976

11,335

8,050

(23,382)

(1,288)

6,611

‌Statement of financial position by reportable operating segments

Sagicor Canada

Sagicor Life USA

Sagicor Jamaica

Sagicor Life

Head office and other

Adjustments

Total

As of March 31, 2026

Financial investments

7,871,482

6,704,157

3,651,406

1,814,995

114,379

–

20,156,419

Reinsurance contract assets

2,571,855

188,187

209,252

28,247

–

2,997,541

Insurance contract assets

–

13,477

1,805

–

15,282

Other external assets

696,476

90,659

657,856

350,299

196,398

–

1,991,688

Inter-segment assets

386

14,693

40,969

492,603

152,172

(700,823)

–

Total assets

11,140,199

6,997,696

4,572,960

2,687,949

462,949

(700,823)

25,160,930

Insurance contract liabilities

9,080,127

5,990,570

1,313,806

1,603,200

–

17,987,703

Reinsurance contract liabilities

–

1,802

11,347

–

13,149

Investment contract liabilities

5,072

47,097

149,437

267,639

–

469,245

Other external liabilities

1,194,819

414,643

2,344,489

172,714

1,195,113

–

5,321,778

Inter-segment liabilities

479

177,968

13,291

98,270

410,815

(700,823)

–

Total liabilities

10,280,497

6,630,278

3,822,825

2,153,170

1,605,928

(700,823)

23,791,875

Net assets

859,702

367,418

750,135

534,779

(1,142,979)

–

1,369,055

Net assets attributable to non-controlling interests

–

379,393

274

11,809

–

391,476

Sagicor Canada

Sagicor Life USA

Sagicor Jamaica

Sagicor Life

Head office and other

Adjustments

Total

As of December 31, 2025

Financial investments

8,110,451

6,495,121

3,601,151

1,802,233

109,321

–

20,118,277

Reinsurance contract assets

2,643,759

195,161

173,394

32,262

–

3,044,576

Insurance contract assets

–

8,525

1,271

–

9,796

Other external assets

700,838

102,396

621,708

358,013

178,242

–

1,961,197

Inter-segment assets

–

20,059

46,323

469,248

149,665

(685,295)

–

Total assets

11,455,048

6,812,737

4,451,101

2,663,027

437,228

(685,295)

25,133,846

Insurance contract liabilities

9,315,347

5,796,774

1,256,205

1,583,312

–

17,951,638

Reinsurance contract liabilities

–

2,305

10,307

–

12,612

Investment contract liabilities

5,573

49,929

147,188

266,073

–

468,763

Other external liabilities

1,245,171

414,332

2,281,320

159,249

1,165,671

–

5,265,743

Inter-segment liabilities

–

177,212

2,211

92,084

413,788

(685,295)

–

Total liabilities

10,566,091

6,438,247

3,689,229

2,111,025

1,579,459

(685,295)

23,698,756

Net assets

888,957

374,490

761,872

552,002

(1,142,231)

–

1,435,090

Net assets attributable to non-controlling interests

–

386,297

269

11,942

–

398,508

‌Geographical areas

The Group operates in certain geographical areas which are determined by the location of the subsidiary or branch initiating the business. The insurance revenue and fees and other income by geographical area are summarized below.

Insurance revenue

Fees and other income

Three months to

March 31, 2026

Three months to

March 31, 2025

Three months to

March 31, 2026

Three months to

March 31, 2025

Canada

174,632

159,075

128

470

USA

26,922

26,127

Jamaica

92,449

87,489

29,118

31,653

Other Caribbean

92,915

86,894

9,493

5,932

386,918

359,585

38,768

38,075

‌Revenues from fees recognized

The following table discloses revenue from fees recognized by reportable segment.

Three months to March 31, 2026 Three months to March 31, 2025

Fees recognised

at a point in time

over time

Total

at a point in time

over time

Total

Sagicor Jamaica

18,640

10,704

29,344

20,028

11,122

31,150

All other segments

160

3,583

3,743

224

2,967

3,191

18,800

14,287

33,087

20,252

14,089

34,341

Fee revenue is primarily attributed to income generated by the Jamaica segment’s banking, investment management and other financial services business.

‌FINANCIAL INVESTMENTS‌

Statement of financial position presentation As of March 31, 2026 As of December 31, 2025

Financial investments

Financial investments repledged

19,251,432 19,257,495

904,987 860,782

Total financial investments

20,156,419 20,118,277

‌Analysis of financial investments

As of March 31, 2026 As of December 31, 2025

Carrying value

Fair value

Carrying value

Fair value

Investments at FVTOCI:

Debt securities

1,721,213

1,689,317

Equity securities

741

740

1,721,954

1,690,057

Investments at FVTPL:

Money market funds

207,359

208,439

Debt securities

12,064,009

12,104,022

Equity securities

3,143,460

3,215,891

Other financial invested assets

401,895

383,061

Derivative financial instruments

14,032

15,936

Mortgage loans

14,196

14,254

15,844,951

15,941,603

Investments at amortized cost:

Debt securities

122,145

123,349

119,522

120,744

Mortgage loans

1,269,361

1,269,164

1,165,524

1,164,570

Finance loans

817,180

781,845

810,773

776,595

Securities purchased for resale

23,016

38,207

Deposits

357,812

352,591

352,604

2,589,514

2,555,186

2,486,617

2,452,720

Total financial investments

20,156,419

20,122,091

20,118,277

20,084,380

Non-derivative investments at FVTPL

As of March 31, 2026 As of December 31, 2025

FVTPL

mandatory classification

FVTPL

designation by election

Total

FVTPL

mandatory classification

FVTPL

designation by election

Total

Equity securities

3,143,460

–

3,143,460

3,215,891

–

3,215,891

Money market funds

198,288

9,071

207,359

184,361

24,078

208,439

Debt securities

4,906,652

7,157,357

12,064,009

4,814,080

7,289,942

12,104,022

Other financial invested assets

401,895

–

401,895

383,061

–

383,061

Mortgage loans

–

14,196

–

14,254

8,650,295

7,180,624

15,830,919

8,597,393

7,328,274

15,925,667

As of March 31, 2026

As of December 31, 2025

Debt securities, other financial invested assets and money market funds:

Government & government-guaranteed debt securities Collateralized mortgage obligations

Corporate debt securities Private equity

Private debt

Money market funds and other securities

5,368,015

1,691,065

6,761,197

70,203

331,692

294,449

5,416,124

1,687,133

6,721,194

78,188

304,873

296,849

14,516,621

14,504,361

Included in financial investments are:

Exchange-traded funds included in equity securities

1,205,089

1,227,259

Debt securities issued by associates

16,981

17,077

Mutual funds managed by the Group

202,990

198,991

‌INSURANCE AND REINSURANCE CONTRACT ASSETS AND LIABILITIES‌

The table below presents a summary of insurance, reinsurance and investment contract assets and liabilities held by the Group. Additional to the detailed disclosures in note 5 related to insurance contract assets and liabilities as well as reinsurance contract assets and liabilities, specific segregated funds insurance contract liabilities disclosures are separately disclosed in note 8.

As of March 31, 2026

Current portion

Non-current portion

Total

Insurance contract assets

4,417

10,865

15,282

Insurance contract liabilities

(1,485,266)

(16,502,437)

(17,987,703)

Reinsurance contract assets

501,215

2,496,326

2,997,541

Reinsurance contract liabilities

(5,236)

(7,913)

(13,149)

Investment contract liabilities

(393,436)

(75,809)

(469,245)

Segregated funds insurance contract liabilities (note 8)

(36,140)

(387,021)

(423,161)

As of December 31, 2025

Current portion

Non-current portion

Total

Insurance contract assets

3,766

6,030

9,796

Insurance contract liabilities

(1,249,145)

(16,702,493)

(17,951,638)

Reinsurance contract assets

443,083

2,601,493

3,044,576

Reinsurance contract liabilities

(2,192)

(10,420)

(12,612)

Investment contract liabilities

(395,362)

(73,401)

(468,763)

Segregated funds insurance contract liabilities (note 8)

(41,181)

(409,462)

(450,643)

As of March 31, 2025

Current portion

Non-current portion

Total

Insurance contract assets

3,454

3,324

6,778

Insurance contract liabilities

(1,042,707)

(15,429,322)

(16,472,029)

Reinsurance contract assets

298,299

2,604,307

2,902,606

Reinsurance contract liabilities

(3,877)

(10,125)

(14,002)

Investment contract liabilities

(384,702)

(82,845)

(467,547)

Segregated funds insurance contract liabilities (note 8)

(28,571)

(396,339)

(424,910)

The following table presents insurance contract and reinsurance contract assets and liabilities and summarizes those contracts which are measured under the premium allocation approach (PAA) and those which are not measured under the PAA.

As of March 31, 2026 As of December 31, 2025 As of March 31, 2025

Insurance contracts issued (includes direct participation contracts)

Contracts measured under PAA – net (asset) / liability, end of period

Contracts not measured under PAA (GMM / VFA) – net (asset) / liability, end of period

350,564

17,621,857

315,746

17,626,096

161,577

16,303,674

Total – Net asset / (liability), end of period

17,972,421

17,941,842

16,465,251

Reinsurance contracts held

Contracts measured under PAA – net asset / (liability), end of period

217,030

185,426

31,796

Contracts not measured under PAA (GMM) – net asset / (liability), end of period

2,767,362

2,846,538

2,856,808

Total – Net asset / (liability), end of period

2,984,392

3,031,964

2,888,604

‌The following tables explain the components of insurance contract and reinsurance contract assets and liabilities, in addition to changes in these balances for the period.

INSURANCE CONTRACTS ISSUED

Contracts measured under PAA

Reconciliation of the liability for remaining coverage and the liability for incurred claims components

Three months to March 31, 2026

Three months to March 31, 2025

LRC

LIC

Present Risk value of adjustment

future cash for non-flows financial

risk

Total

LRC

Excluding loss component

LIC

Present Risk value of adjustment

future cash for non-flows financial

risk

Total

Insurance contracts issued Contracts measured under PAA

Excluding loss component

Insurance contract liabilities, beginning of period

34,636

263,532

17,810

315,978

34,639

128,923

5,668

169,230

Insurance contract assets, beginning of period

(2,670)

2,328

110

(232)

(71)

(11)

(2)

(84)

Net balance – (asset) / liability, beginning of period

31,966

265,860

17,920

315,746

34,568

128,912

5,666

169,146

Insurance revenue

(115,738)

–

(115,738)

(112,541)

–

(112,541)

Insurance service expenses

Incurred claims and other directly attributable expenses

–

116,015

116,025

–

66,503

(225)

66,278

Insurance acquisition cash flows amortization

16,177

–

16,177

15,239

–

15,239

Total insurance service expenses

16,177

116,015

132,202

15,239

66,503

(225)

81,517

Total amounts recognized in the insurance services result

(99,561)

116,015

16,464

(97,302)

66,503

(225)

(31,024)

Effect of exchange rate changes

138

1,601

124

1,863

(187)

(978)

(37)

(1,202)

Total amounts recognized in total comprehensive income

(99,423)

117,616

134

18,327

(97,489)

65,525

(262)

(32,226)

Investment components

–

Other changes

–

Cash flows

Premiums received

111,491

–

111,491

108,613

–

108,613

Claims and other directly attributable expenses paid

–

(79,600)

–

(79,600)

–

(69,875)

–

(69,875)

Insurance acquisition cash flows

(15,400)

–

(15,400)

(14,081)

–

(14,081)

Total cash flows

96,091

(79,600)

–

16,491

94,532

(69,875)

–

24,657

Net balance – (asset) / liability, end of period

28,634

303,876

18,054

350,564

31,611

124,562

5,404

161,577

Insurance contract liabilities, end of period (1)

31,827

301,382

17,932

351,141

34,193

122,692

5,317

162,202

Insurance contract assets, end of period

(3,193)

2,494

122

(577)

(2,582)

1,870

(625)

Net balance – (asset) / liability, end of period

28,634

303,876

18,054

350,564

31,611

124,562

5,404

161,577

(1) The liability for insurance contracts issued as at March 31, 2026 includes policyholder claims reserves related to Hurricane Melissa, reflecting management’s best estimate of the ultimate claim costs. Estimation is based on current data available as at Q1 2026. The ultimate impact on the Group is reduced by reinsurance as reflected in Note 5.2.

Contracts not measured under PAA

Reconciliation of the liability for remaining coverage and the liability for incurred claims components

Three months to March 31, 2026 Three months to March 31, 2025

LRC

LIC

Total

LRC

Excluding Loss loss component

component

LIC

Total

Insurance contracts issued Contracts not measured under PAA

Excluding loss component

Loss component

Insurance contract liabilities, beginning of period

16,943,116

320,988

371,556

17,635,660

15,286,055

322,823

297,615

15,906,493

Insurance contract assets, beginning of period

28,252

5,296

(43,112)

(9,564)

1,329

(6,221)

(4,802)

Net balance – (asset) / liability, beginning of period

16,971,368

326,284

328,444

17,626,096

15,287,384

322,913

291,394

15,901,691

Insurance revenue

(271,180)

–

(271,180)

(247,044)

–

(247,044)

Insurance service expenses

Incurred claims and other directly attributable expenses

–

(3,699)

170,678

166,979

–

(4,077)

160,445

156,368

Losses on onerous contracts and reversal of those losses

–

2,645

–

2,645

–

4,206

–

4,206

Insurance acquisition cash flows amortization

25,463

–

25,463

17,854

–

17,854

Total insurance service expenses

25,463

(1,054)

170,678

195,087

17,854

129

160,445

178,428

Total amounts recognized in the insurance services result

(245,717)

(1,054)

170,678

(76,093)

(229,190)

129

160,445

(68,616)

Finance (income) / expenses from insurance contracts issued

20,716

4,058

279

25,053

220,082

3,597

341

224,020

Effect of exchange rate changes

(144,731)

414

(1,639)

(145,956)

1,982

(513)

(70)

1,399

Total amounts recognized in total comprehensive income

(369,732)

3,418

169,318

(196,996)

(7,126)

3,213

160,716

156,803

Investment components

(212,992)

–

212,992

–

(251,250)

–

251,250

–

Other changes

–

Cash flows

Premiums received

622,736

–

622,736

713,813

–

713,813

Claims and other directly attributable expenses paid

–

(356,487)

–

(393,511)

Insurance acquisition cash flows

(73,492)

–

(73,492)

(75,122)

–

(75,122)

Total cash flows

549,244

–

(356,487)

192,757

638,691

–

(393,511)

245,180

Net balance – (asset) / liability, end of period

16,937,888

329,702

354,267

17,621,857

15,667,699

326,126

309,849

16,303,674

Insurance contract liabilities, end of period

16,906,259

324,262

406,041

17,636,562

15,666,281

326,016

317,530

16,309,827

Insurance contract assets, end of period

31,629

5,440

(51,774)

(14,705)

1,418

110

(7,681)

(6,153)

Net balance – (asset) / liability, end of period

16,937,888

329,702

354,267

17,621,857

15,667,699

326,126

309,849

16,303,674

Reconciliation of the measurement components of insurance contract balances

Three months to March 31, 2026 Three months to March 31, 2025

Insurance contracts issued Contracts not measured under PAA

Present value of future cash flows

Risk adjustment for nonfinancial risk

CSM

Total

Present value of future cash flows

Risk adjustment for nonfinancial risk

CSM

Total

Insurance contract liabilities, beginning of period

14,493,854

1,278,151

1,863,655

17,635,660

12,787,867

1,243,094

1,875,532

15,906,493

Insurance contract assets, beginning of period

(68,354)

9,769

49,021

(9,564)

(6,875)

879

1,194

(4,802)

Net balance – (asset) / liability, beginning of period

14,425,500

1,287,920

1,912,676

17,626,096

12,780,992

1,243,973

1,876,726

15,901,691

Changes that relate to current service

CSM recognized in net (income) / loss for the services provided

–

(60,608)

–

(56,822)

Change in the risk adjustment for non-financial risk for risk expired

–

(25,487)

–

(25,487)

–

(24,090)

–

(24,090)

Experience adjustments – relating to insurance service expenses

7,357

–

7,357

8,090

–

8,090

7,357

(25,487)

(60,608)

(78,738)

8,090

(24,090)

(56,822)

(72,822)

Changes that relate to future service

Changes in estimate that adjust the CSM

4,063

(825)

(3,237)

21,459

(378)

(21,080)

Changes in estimates that result in onerous contract losses or reversal of losses

2,541

(622)

–

1,919

2,916

224

–

3,140

Contracts initially recognized in the period

(51,176)

17,819

34,082

725

(63,897)

21,256

43,706

1,065

(44,572)

16,372

30,845

2,645

(39,522)

21,102

22,626

4,206

Total amounts recognized in the insurance service result

(37,215)

(9,115)

(29,763)

(76,093)

(31,432)

(2,988)

(34,196)

(68,616)

Finance (income) / expenses from insurance contracts issued

168

24,865

25,053

173,566

26,249

24,205

224,020

Effect of exchange rate changes

(113,583)

(15,356)

(17,017)

(145,956)

3,246

100

(1,947)

1,399

Total amounts recognized in total comprehensive income

(150,630)

(24,451)

(21,915)

(196,996)

145,380

23,361

(11,938)

156,803

Other changes

–

Cash flows

Premiums received

622,736

–

622,736

713,813

–

713,813

Claims and other directly attributable expenses paid

(356,487)

–

(356,487)

(393,511)

–

(393,511)

Insurance acquisition cash flows

(73,492)

–

(73,492)

(75,122)

–

(75,122)

Total cash flows

192,757

245,180

–

245,180

Net balance – (asset) / liability, end of period

14,467,627

1,263,469

1,890,761

17,621,857

13,171,552

1,267,334

1,864,788

16,303,674

Insurance contract liabilities, end of period

14,543,861

1,253,389

1,839,312

17,636,562

13,179,805

1,266,455

1,863,567

16,309,827

Insurance contract assets, end of period

(76,234)

10,080

51,449

(14,705)

(8,253)

879

1,221

(6,153)

Net balance – (asset) / liability, end of period

14,467,627

1,263,469

1,890,761

17,621,857

13,171,552

1,267,334

1,864,788

16,303,674

Impact of contracts recognized in the period

Three months to March 31, 2026

Three months to March 31, 2025

Contracts issued

Total

Contracts issued

Non- Onerous onerous

Total

Insurance contracts issued

Non-onerous

Onerous

Estimates of present value of future cash outflows

Insurance acquisition cash flows

55,936

3,873

59,809

62,395

1,954

64,349

Claims and other directly attributable expenses

374,086

8,934

383,020

509,781

4,016

513,797

Estimates of present value of future cash outflows

430,022

12,807

442,829

572,176

5,970

578,146

Estimates of present value of future cash inflows

(480,408)

(13,597)

(494,005)

(636,211)

(5,832)

(642,043)

Risk adjustment for non-financial risk

16,305

1,514

17,819

20,328

928

21,256

CSM

34,082

–

34,082

43,706

–

43,706

Increase / (decrease) in insurance contract liabilities from contracts recognized in the period

724

725

(1)

1,066

1,065

‌REINSURANCE CONTRACTS HELD

Contracts measured under PAA

Reconciliation of the remaining coverage and the incurred claims components

Three months to March 31, 2026

Three months to March 31, 2025

Reinsurance contracts held Contracts measured under the PAA

Remaining coverage

Incurred claims

Total

Remaining coverage

Excluding Loss loss

recovery recovery

component component

Incurred claims

Present Risk value of adjustment future for non-

cash financial

flows risk

Total

Excluding loss recovery component

Loss recovery component

Present value of future cash flows

Risk adjustment for nonfinancial risk

Reinsurance contract liabilities, beginning of period

(3,824)

–

1,051

(2,758)

(3,283)

–

451

(2,827)

Reinsurance contract assets, beginning of period

39,767

–

135,229

13,188

188,184

14,049

–

19,291

1,022

34,362

Net balance – asset / (liability), beginning of period

35,943

–

136,280

13,203

185,426

10,766

–

19,742

1,027

31,535

Net income / (expenses) from reinsurance contracts held

Reinsurance expenses

(23,947)

–

(23,947)

(24,001)

–

(24,001)

Claims recovered

–

45,248

45,251

–

7,295

(15)

7,280

Net income / (expenses) from reinsurance contracts held

(23,947)

–

45,248

21,304

(24,001)

–

7,295

(15)

(16,721)

Effect of exchange rate changes

235

–

932

102

1,269

(57)

–

(133)

(7)

(197)

Total amounts recognized in total comprehensive income

(23,712)

–

46,180

105

22,573

(24,058)

–

7,162

(22)

(16,918)

Investment components

–

Other changes

–

(164)

–

(164)

Cash flows

Premiums paid net of ceding commissions and other directly attributable expenses paid

17,747

–

17,747

23,877

–

23,877

Recoveries from reinsurance (1)

–

(8,716)

–

(8,716)

–

(6,534)

–

(6,534)

Total cash flows

17,747

–

(8,716)

–

9,031

23,877

–

(6,534)

–

17,343

Net balance – asset / (liability), end of period

29,978

–

173,744

13,308

217,030

10,585

–

20,206

1,005

31,796

Reinsurance contract liabilities, end of period

(5,308)

–

2,169

(3,123)

(4,856)

–

1,610

(3,236)

Reinsurance contract assets, end of period (1)

35,286

–

171,575

13,292

220,153

15,441

–

18,596

995

35,032

Net balance – asset / (liability), end of period

29,978

–

173,744

13,308

217,030

10,585

–

20,206

1,005

31,796

(1) The asset for reinsurance contracts held as at March 31, 2026 includes reinsurance recoveries related to Hurricane Melissa, reflecting management’s best estimate of the recoveries on ultimate claim costs. Estimation is based on current data available as at Q1 2026.

Contracts not measured under PAA

Reconciliation of the remaining coverage and the incurred claims components

Three months to March 31, 2026

Three months to March 31, 2025

Reinsurance contracts held

Contracts not measured under the PAA

Remaining coverage

Incurred claims

Total

Remaining coverage Incurred Total

claims

Excluding loss recovery component

Loss recovery component

Excluding loss recovery component

Loss recovery component

Reinsurance contract liabilities, beginning of period

(8,160)

299

(1,993)

(9,854)

(10,154)

(1,804)

(11,874)

Reinsurance contract assets, beginning of period

2,681,058

31,193

144,141

2,856,392

2,705,724

28,104

122,058

2,855,886

Net balance – asset / (liability), beginning of period

2,672,898

31,492

142,148

2,846,538

2,695,570

28,188

120,254

2,844,012

Net income / (expenses) from reinsurance contracts held

Reinsurance expenses

(120,029)

–

(120,029)

(110,859)

–

(110,859)

Claims recovered

–

(610)

92,207

91,597

–

(367)

86,604

86,237

Changes that relate to future service

–

(1,979)

–

(1,979)

–

(121)

–

(121)

Net income / (expenses) from reinsurance contracts held

(120,029)

(2,589)

92,207

(30,411)

(110,859)

(488)

86,604

(24,743)

Finance income / (expenses) from reinsurance contracts held

3,034

474

–

3,508

52,968

399

–

53,367

Effect of exchange rate changes

(41,536)

(3)

(2,030)

(43,569)

2,359

105

2,466

Total amounts recognized in total comprehensive income

(158,531)

(2,118)

90,177

(70,472)

(55,532)

(87)

86,709

31,090

Investment components

(13,356)

–

13,356

–

(21,361)

–

21,361

–

Other changes

–

Cash flows

Premiums paid net of ceding commissions and other directly attributable expenses paid

83,476

–

83,476

84,001

–

84,001

Recoveries from reinsurance

–

(92,180)

–

(102,295)

Total cash flows

83,476

–

(92,180)

(8,704)

84,001

–

(102,295)

(18,294)

Net balance – asset / (liability), end of period

2,584,487

29,374

153,501

2,767,362

2,702,678

28,101

126,029

2,856,808

Reinsurance contract liabilities, end of period

(8,131)

285

(2,180)

(10,026)

(8,752)

100

(2,114)

(10,766)

Reinsurance contract assets, end of period

2,592,618

29,089

155,681

2,777,388

2,711,430

28,001

128,143

2,867,574

Net balance – asset / (liability), end of period

2,584,487

29,374

153,501

2,767,362

2,702,678

28,101

126,029

2,856,808

Reconciliation of the remaining coverage and the incurred claims components

Three months to March 31, 2026 Three months to March 31, 2025

Reinsurance contracts held

Contracts not measured under the PAA

Present value of future cash flows

Risk adjustment for nonfinancial risk

CSM

Total

Present value of future cash flows

Risk adjustment for nonfinancial risk

CSM

Total

Reinsurance contract liabilities, beginning of period

(17,602)

2,274

5,474

(9,854)

(19,314)

2,511

4,929

(11,874)

Reinsurance contract assets, beginning of period

1,690,151

530,885

635,356

2,856,392

1,679,560

524,191

652,135

2,855,886

Net balance – asset / (liability), beginning of period

1,672,549

533,159

640,830

2,846,538

1,660,246

526,702

657,064

2,844,012

Changes that relate to current service

CSM recognized in net income / (loss) for the services received

–

(22,026)

–

(19,580)

Change in the risk adjustment for non-financial risk for risk expired

–

(10,945)

–

(10,945)

–

(10,708)

–

(10,708)

Experience adjustments

4,539

–

4,539

5,666

–

5,666

4,539

(10,945)

(22,026)

(28,432)

5,666

(10,708)

(19,580)

(24,622)

Changes that relate to future service

Changes in estimate that adjust the CSM

(6,550)

(255)

(2,818)

(9,623)

1,878

(40)

(2,048)

(210)

Changes in fulfilment cash flows which relate to onerous underlying contracts

9,453

(117)

(137)

9,199

2,192

(79)

(23)

2,090

Contracts initially recognized in the period

(1,881)

4,578

(2,637)

(3,203)

5,640

(2,340)

Changes in the contractual service margin due to changes in a loss-recovery component from onerous underlying contracts

(3)

(1,626)

(1,615)

(1)

(2,103)

(2,098)

1,019

4,220

(7,218)

(1,979)

873

5,520

(6,514)

(121)

Net income / (expenses) from reinsurance contracts held

5,558

(6,725)

(29,244)

(30,411)

6,539

(5,188)

(26,094)

(24,743)

Finance income / (expenses) from reinsurance contracts held

(3,732)

(850)

8,090

3,508

33,866

11,237

8,264

53,367

Effect of exchange rate changes

(25,403)

(8,254)

(9,912)

(43,569)

1,493

468

505

2,466

Total amounts recognized in total comprehensive income

(23,577)

(15,829)

(31,066)

(70,472)

41,898

6,517

(17,325)

31,090

Other changes

–

Cash flows

Premiums paid net of ceding commissions and other directly attributable expenses paid

83,476

–

83,476

84,001

–

84,001

Recoveries from reinsurance

(92,180)

–

(92,180)

(102,295)

–

(102,295)

Total cash flows

(8,704)

–

(8,704)

(18,294)

–

(18,294)

Net balance – asset / (liability), end of period

1,640,268

517,330

609,764

2,767,362

1,683,850

533,219

639,739

2,856,808

Reinsurance contract liabilities, end of period

(15,538)

1,847

3,665

(10,026)

(17,202)

2,139

4,297

(10,766)

Reinsurance contract assets, end of period

1,655,806

515,483

606,099

2,777,388

1,701,052

531,080

635,442

2,867,574

Net balance – asset / (liability), end of period

1,640,268

517,330

609,764

2,767,362

1,683,850

533,219

639,739

2,856,808

‌Impact of contracts recognized in the period

The following table shows the impact of contracts recognized in the period.

Three months to March 31, 2026

Three months to March 31, 2025

Contracts held

Total

Contracts held

Contracts Contracts not in a net in a net

gain gain

Total

Reinsurance contracts held

Contracts not in a net gain

Contracts in a net gain

Estimates of present value of future cash inflows

427

19,804

20,231

–

23,882

Estimates of present value of future cash outflows

(506)

(21,606)

(22,112)

(122)

(26,963)

(27,085)

Risk adjustment for non-financial risk

4,550

4,578

5,619

5,640

CSM

(2,686)

(2,637)

101

(2,441)

(2,340)

Increase / (decrease) in reinsurance contract assets from contracts recognized in the period

(2)

–

‌DEPOSIT AND SECURITY LIABILITIES‌

The following table presents the carrying values and estimated fair values of deposit and security liabilities.

As of March 31, 2026

As of December 31, 2025

Carrying Value

Fair Value

Carrying Value

Fair Value

Liabilities at amortized cost:

Other funding instruments

1,180,479

1,266,848

1,207,803

1,314,811

Customer deposits

1,417,528

1,416,659

1,364,420

1,363,979

Securities sold for repurchase

826,925

801,991

Bank overdrafts

865

358

3,425,797

3,511,297

3,374,572

3,481,139

Liabilities at FVTPL:

Derivative financial instruments

285

534

285

534

Total deposit and security liabilities

3,426,082

3,511,582

3,375,106

3,481,673

‌NOTES AND LOANS PAYABLE‌

The following table presents the carrying values and estimated fair values of notes and loans payable.

As of March 31, 2026

As of December 31, 2025

Carrying value

Fair value

Carrying value

Fair value

5.30% senior notes due 2028

553,128

562,492

542,161

553,056

6.359% unsecured senior notes due 2029

180,819

188,135

168,144

176,101

9.50% unsecured bond due 2026

27,494

27,969

27,239

28,022

6.00% unsecured bond due 2026

18,988

19,067

18,963

19,119

Bank loans and other funding instruments

23,903

24,297

SOFR+145 bps revolving credit facility

55,288

71,969

CORRA+132.5 bps term loan due 2027

143,407

145,809

1,003,027

1,020,261

998,582

1,018,373

‌SEGREGATED FUNDS ASSETS AND LIABILITIES ON ACCOUNT OF FUND HOLDERS‌

The Group manages a range of segregated funds on behalf of policyholders.

Segregated funds assets on account of segregated fund policyholders

Segregated funds assets represent underlying items for segregated fund insurance contracts which are direct participating contracts. Within segregated funds, there were no material transfers between Levels 1 and 2 during the periods ended March 31, 2026 and December 31, 2025. All assets in the chart below are Level 1 except $28,683 (December 31, 2025 –

$30,634) of short-term investments, bonds and other assets which are level 2.

The fair value of financial instruments categorized as level 3 within segregated funds assets as at March 31, 2026 is $nil (December 31, 2025 – $nil).

Investment on account of the segregated fund policyholders by asset class is as follows:

As of March 31, 2026 As of December 31, 2025

Total Percentage Total Percentage

Asset class:

Cash and cash equivalents

2,473

2,455

Short-term investments

6,790

7,790

Equities

48,631

11%

53,356

11%

Bonds

21,559

22,815

Mutual funds

343,375

81%

364,198

81%

Other assets

333

–

Total segregated funds assets

423,161

100%

450,643

100%

Insurance contract liabilities on account of segregated fund policyholders Reconciliation of the liability for remaining coverage and the liability for incurred claims

The Group manages a range of segregated funds on behalf of policyholders. The following tables show the changes in the liabilities for insurance contracts for account of segregated fund holders by liability for remaining coverage and liability for incurred claims.

Three months to March 31, 2026 Three months to March 31, 2025

LRC

LIC

Total

LRC

LIC

Total

Balance, beginning of period

450,643

–

450,643

447,222

–

447,222

Insurance finance expenses

117

–

117

1,124

–

1,124

Cash flows:

Management fees

(3,806)

–

(3,806)

(3,734)

–

(3,734)

Amounts paid to policyholders and other insurance service expenses paid

–

(16,703)

–

(20,009)

Actual investment component excluded from insurance revenue

–

16,703

–

20,009

Expected investment component excluded from insurance revenue

(16,703)

–

(16,703)

(20,009)

–

(20,009)

Total cash flow movement

(20,509)

–

(20,509)

(23,743)

–

(23,743)

Foreign exchange (gains) / losses

(7,090)

–

(7,090)

307

–

307

Balance, end of period

423,161

–

423,161

424,910

–

424,910

Net investment income for segregated funds

Net investment income for segregated funds is comprised of net realized and unrealized losses of $1,401 (three-month period ended March 31, 2025 – gains of $400) in addition to interest and dividend income of $1,518 (three-month period ended March 31, 2025 – $724).

‌INSURANCE REVENUE AND SERVICE EXPENSES‌

(a) Insurance service result

An analysis of insurance revenue, insurance service expenses and net expenses from reinsurance contracts held, by reporting segment, is included in the following tables.

Three months to March 31, 2026

Three months to March 31, 2025

Insurance revenue

Contracts not measured under the PAA

Amounts relating to the changes in the LRC:

Expected incurred claims and other directly attributable expenses after loss component allocation

159,622

148,278

Change in the risk adjustment for non-financial risk for the risk expired after loss component allocation

25,487

24,090

CSM recognized in net income / (loss) for the services provided

60,608

56,822

Insurance acquisition cash flows recovery

25,463

17,854

Insurance revenue for contracts not measured under the PAA

271,180

247,044

Insurance revenue from contracts measured under the PAA

115,738

112,541

Total insurance revenue

386,918

359,585

Insurance service expenses

Incurred claims and other directly attributable expenses

(283,004)

(222,646)

Losses on onerous contracts and reversal of those losses

(2,645)

(4,206)

Insurance acquisition cash flows amortization

(41,640)

(33,093)

Total insurance service expenses

(327,289)

(259,945)

Net income / (expenses) from reinsurance contracts held

Reinsurance expenses – contracts not measured under the PAA

Amounts relating to the changes in the remaining coverage:

Expected claims and other directly attributable expenses recovery

(87,058)

(80,571)

Change in the risk adjustment recognized for the risk expired

(10,945)

(10,708)

CSM recognized in net income / (loss) for the services received

(22,026)

(19,580)

Reinsurance expenses – contracts not measured under the PAA

(120,029)

(110,859)

Reinsurance expenses – contracts measured under the PAA

(23,947)

(24,001)

Claims recovered

136,848

93,517

Changes in estimate that adjust the CSM

(9,623)

(210)

Contracts initially recognized in the period

Changes in fulfilment cash flows which relate to onerous underlying contracts

9,199

2,090

Changes in the contractual service margin due to changes in a loss-recovery component from onerous underlying contracts

(1,615)

(2,098)

Total net expenses from reinsurance contracts held

(9,107)

(41,464)

Total insurance service result

50,522

58,176

‌NET INVESTMENT INCOME AND NET INSURANCE FINANCE EXPENSES‌

An analysis of net investment income and net insurance finance expenses, by reporting segment, is presented in the following tables:

Three months to March 31, 2026

Three months to March 31, 2025

NET INVESTMENT INCOME / (EXPENSES) – UNDERLYING ASSETS (1)

Gain on derecognition of assets carried at FVTOCI

Interest income earned from financial assets measured at amortized cost and FVTOCI

4,946

5,456

Net (loss) / gain on FVTPL investments

(437)

161,888

Net credit impairment (loss) / recovery

(5)

Net investment income – underlying assets

4,526

167,373

NET INVESTMENT INCOME / (EXPENSES) – OTHER INVESTMENTS

Gain on derecognition of amortized cost investments

–

Gain on derecognition of assets carried at FVTOCI

1,133

3,150

Interest income earned from financial assets measured at amortized cost and FVTOCI

67,142

58,498

Net (loss) / gain on FVTPL investments

(2,407)

21,838

Net credit impairment loss

(983)

(2,385)

Net investment income – other investments

64,905

81,101

NET INVESTMENT INCOME / (EXPENSES) – OTHER

Net change in investment contract liabilities

(7)

(26)

Investment property – rental income

912

559

Investment property – unrealized gains

–

(345)

Other investment income

1,069

1,436

Net investment income – other

1,974

1,624

NET INVESTMENT INCOME

71,405

250,098

FINANCE INCOME / (EXPENSES) FROM INSURANCE CONTRACTS ISSUED

Changes in fair value of underlying assets of contracts measured under the VFA

(2,808)

(794)

Interest accreted

(177,706)

(175,112)

Effect of changes in interest rates and other financial assumptions

155,461

(48,114)

Finance expenses from insurance contracts issued

(25,053)

(224,020)

FINANCE INCOME / (EXPENSES) FROM REINSURANCE CONTRACTS HELD

Interest accreted

25,014

29,046

Effect of changes in interest rates and other financial assumptions

(21,506)

24,321

Finance income from reinsurance contracts held

3,508

53,367

NET INSURANCE FINANCE EXPENSES

(21,545)

(170,653)

SUMMARY OF THE AMOUNTS RECOGNIZED IN THE STATEMENT OF INCOME

Net investment income – underlying assets (1)

4,526

167,373

Net investment income – other investments

64,905

81,101

Net investment income – other

1,974

1,624

Net insurance finance expenses

(21,545)

(170,653)

TOTAL INVESTMENT RESULT

49,860

79,445

(1) Underlying assets relate to those financial assets which support insurance liabilities

‌EXPENSES BY NATURE‌

Three months to March 31, 2026 Three months to March 31, 2025

Expenses attributed to insurance acquisition cash flows

Other directly attributable expenses

Other operating expenses

Total

Expenses attributed to insurance acquisition cash flows

Other directly attributable expenses

Other operating expenses

Total

Employee expenses

16,761

13,526

47,063

77,350

16,617

13,569

37,030

67,216

Commissions and related compensation

64,547

12,647

872

78,066

64,263

13,052

1,157

78,472

Asset taxes

250

315

8,210

8,775

–

7,194

Claims adjustment expenses

–

238

–

238

–

198

–

198

Depreciation, amortization and intangible asset impairment charges

610

585

5,761

6,956

581

555

6,984

8,120

Audit, legal and other professional fees

869

2,639

8,144

11,652

904

3,816

7,306

12,026

Other administrative expenses

15,305

12,481

41,576

69,362

14,306

11,169

33,613

59,088

98,342

42,431

111,626

252,399

96,671

42,359

93,284

232,314

‌FAIR VALUE DISCLOSURE OF ASSETS AND LIABILITIES CARRIED AT FAIR VALUE‌

‌Property

Investment property and owner-occupied property are carried at fair value as determined by independent valuations using internationally recognized valuation techniques. Direct sales comparisons, when such data is available, and income capitalization methods, when appropriate, are included in the assessment of fair values. The highest and best use of a property may also be considered in determining its fair value.

Some tracts of land are currently used for farming operations or are undeveloped or are leased to third parties. In determining the fair value of all lands, their potential for development within a reasonable period is assessed, and if such potential exists, the fair value reflects that potential. These lands are mostly in Barbados and the Group has adopted a policy of orderly development and transformation to realize their full potential over time.

The fair value hierarchy has been applied to the valuations of the Group’s property. The different levels of the hierarchy are as follows:

Level 1 – fair value is determined by quoted unadjusted prices in active markets for identical assets;
Level 2 – fair value is determined by inputs other than quoted prices in active markets that are observable for the asset either directly or indirectly;

Level 3 – fair value is determined from inputs that are not based on observable market data.

Applying the fair value hierarchy to the Group’s property, results in a classification of Level 3 to all properties.

The following table shows the sensitivity of fair value measurements to changes in unobservable inputs for Level 3 investment property and owner-occupied properties.

Fair value

Unobservable inputs

Range of unobservable inputs

Relationship of unobservable inputs to fair value

March 31,

2026

December 31,

2025

March 31,

2026

December 31,

2025

Investment property

67,888

71,410

Comparable sales

(1)

Owner-occupied properties

132,460

127,431

Comparable sales

(1)

Total properties

200,348

198,841

(1) Increases or decreases in comparable sale prices will have a direct correlation to the fair value.

‌Financial instruments carried at fair value

The fair value of financial instruments is measured according to a fair value hierarchy which reflects the significance of market inputs in the valuation. This hierarchy is described and discussed in sections (i) to (iii) below.

Level 1 – unadjusted quoted prices in active markets for identical instruments

A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange or other independent source, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The Group considers that market transactions should occur with sufficient frequency that is appropriate for the particular market, when measured over a continuous period preceding the date of the financial statements. If there is no data available to substantiate the frequency of market transactions of a financial instrument, then the instrument is not classified as Level 1.
Level 2 – inputs that are observable for the instrument, either directly or indirectly

A financial instrument is classified as Level 2 if:
- The fair value is derived from quoted prices of similar instruments which would be classified as Level 1; or
- The fair value is determined from quoted prices that are observable but there is no data available to substantiate frequent market trading of the instrument.
  
  In estimating the fair value of non-traded financial assets, the Group uses a variety of methods such as obtaining dealer quotes and using discounted cash flow techniques. Where discounted cash flow techniques are used, estimated future cash flows are discounted at market derived rates for government securities in the same country of issue as the security; for non-government securities, an interest spread is added to the derived rate for a similar government security rate according to the perceived additional risk of the non-government security.
  
  In assessing the fair value of non-traded financial liabilities, the Group uses a variety of methods including obtaining dealer quotes for specific or similar instruments and the use of internally developed pricing models, such as the use of discounted cash flows. If the non-traded liability is backed by a pool of assets, then its value is equivalent to the value of the underlying assets.
Level 3 – inputs for the instrument that are not based on observable market data

A financial instrument is classified as Level 3 if:
- The fair value is derived from quoted prices of similar instruments that are observable and which would be classified as Level 2; or
- The fair value is derived from inputs that are not based on observable market data.

Level 3 assets designated at FVTPL include mortgage loans, debt securities, other financial invested assets and equities for which the full income return and capital returns accrue to holders of unit linked policy and deposit administration contracts. These assets are valued withinputs other than observable market data.

The techniques and methods described in the preceding section (ii) for non-traded financial assets and liabilities may also be used in determining the fair value of Level 3 instruments.

The results of applying the fair value hierarchy to the Group’s financial instruments are set out in the table below:

As of March 31, 2026 As of December 31, 2025

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Total

FVTOCI investments:

Debt securities

365,010

1,204,326

151,877

1,721,213

393,856

1,200,726

94,735

1,689,317

Equity securities

609

–

132

741

552

–

188

740

365,619

1,204,326

152,009

1,721,954

394,408

1,200,726

94,923

1,690,057

FVTPL investments:

Money market funds

203,655

3,704

–

207,359

185,196

23,243

–

208,439

Debt securities

171,716

10,778,393

1,113,900

12,064,009

171,962

10,860,814

1,071,246

12,104,022

Equity securities

2,620,990

496,583

25,887

3,143,460

2,686,718

508,499

20,674

3,215,891

Other financial invested assets

–

331,692

70,203

401,895

–

304,873

78,188

383,061

Derivative financial instruments

–

1,812

12,220

14,032

–

15,847

15,936

Mortgage loans

–

14,196

–

14,254

2,996,361

11,612,184

1,236,406

15,844,951

3,043,876

11,697,518

1,200,209

15,941,603

Total assets

3,361,980

12,816,510

1,388,415

17,566,905

3,438,284

12,898,244

1,295,132

17,631,660

Total assets by percentage

19%

73%

100%

20%

73%

100%

FVTPL investment contracts:

Unit linked deposit administration liabilities

–

181,344

–

180,666

FVTPL deposit and security liabilities:

Derivative financial instruments

–

285

–

285

–

534

–

534

Total liabilities

–

285

181,344

181,629

–

534

180,666

181,200

Total liabilities by percentage

–

100%

–

100%

‌The following table shows the sensitivity of fair value measurements to changes in unobservable inputs for Level 3 financial instruments:

Fair value

Unobservable inputs

Range of unobservable inputs

Relationship of unobservable inputs

to fair value

March 31,

2026

December 31,

2025

March 31,

2026

December 31,

2025

FVTOCI Investments

Debt securities

151,877

94,735

Adjustments to yields

10%

(1)

Equity securities

132

188

Adjustments to net assets

10%

(2)

152,009

94,923

FVTPL Investments

Debt securities

1,113,900

1,071,246

Adjustments to yields

10%

(1)

Equity securities

25,887

20,674

Adjustments to net assets

10%

(2)

Other financial invested assets

70,203

78,188

Adjustments to yields

10%

(1)

Derivative financial instruments

12,220

15,847

Adjustments to yields

10%

(1)

Mortgage loans

14,196

14,254

Adjustments to yields

10%

(1)

1,236,406

1,200,209

Total assets

1,388,415

1,295,132

Unit linked deposit administration liabilities

181,344

180,666

Adjustments to yields

10%

(1)

Total liabilities

181,344

180,666

(1) Adjustments to yields will have a direct correlation to the fair value.

(2) Increases or decreases in adjusted net assets of the underlying entities will have a direct correlation to the fair value.

‌Movements in Level 3 instruments

The following tables present movements in Level 3 instruments for the period:

Three months to March 31, 2026

FVTOCI

investments

FVTPL

investments

Derivative financial instruments

Total assets

Balance, beginning of period

94,923

1,184,362

15,847

1,295,132

Additions

–

23,486

2,723

26,209

Transfers into Level 3 classification

57,821

34,605

–

92,426

Fair value changes recorded in net investment income

148

(2,318)

(2,000)

(4,170)

Fair value gains (losses) recorded in interest expense

–

(6)

–

(6)

Fair value changes recorded in other comprehensive income

533

–

533

Disposals and divestitures

(1,553)

(18,874)

(4,350)

(24,777)

Transfers from (to) instruments carried at amortized cost

–

280

–

280

Effect of exchange rate changes

137

2,651

–

2,788

Balance, end of period

152,009

1,224,186

12,220

1,388,415

Fair value changes recorded in investment income for instruments held at the end of the period

–

(2,821)

(2,162)

(4,983)

Twelve months to December 31, 2025

FVTOCI

investments

FVTPL

investments

Derivative financial instruments

Total assets

Balance, beginning of period

111,855

1,134,824

15,002

1,261,681

Additions

2,223

201,996

12,473

216,692

Transfers into Level 3 classification

–

5,997

–

5,997

Fair value changes recorded in net investment income

568

(964)

8,485

8,089

Fair value changes recorded in other comprehensive income

(409)

–

(409)

Disposals and divestitures

(5,571)

(114,336)

(20,113)

(140,020)

Transfers (out of) Level 3 classification

(13,561)

(40,811)

–

(54,372)

Effect of exchange rate changes

(182)

(2,344)

–

(2,526)

Balance, end of period

94,923

1,184,362

15,847

1,295,132

Fair value changes recorded in investment income for instruments held at the end of the period

–

(1,095)

3,787

2,692

Three months to Twelve months to March 31, 2026 December 31, 2025

Policy liabilities – Policy liabilities -Unit linked deposit Unit linked deposit administration administration

Balance, beginning of period

180,666 170,420

Gains (losses) recorded in interest expense

(285) 316

Issues

5,188 21,620

Settlements

(5,002) (11,062)

Effect of exchange rate changes

777 (628)

Balance, end of period

181,344 180,666

Fair value changes recorded in interest expense for instruments held at end of period

(285) 316

‌CREDIT RISK‌

Credit risk exposure – financial investments subject toimpairment

Financial assets carried at amortised cost or FVTOCI are subject to credit impairment losses which are recognised in the statement of income. The following tables analyze the credit risk exposure of financial investments for which an ECL allowance is recognised. The gross carrying amounts of investments below represent the Group’s maximum exposure to credit risk on these assets and is inclusive of accrued interest.

March 31, 2026

December 31, 2025

Financial Assets – FVTOCI

ECL Staging

Purchased credit-impaired

Total

Stage 1 12-month ECL

Stage 2 life-time ECL

Stage 3 life-time ECL

Credit grade:

Investment

880,493

–

880,493

916,408

Non-investment

864,258

9,595

–

29,678

903,531

825,158

Total gross value

1,744,751

9,595

–

29,678

1,784,024

1,741,566

Loss allowance

(870)

(135)

–

(1,005)

(805)

Total, net of allowance

1,743,881

9,460

–

29,678

1,783,019

1,740,761

March 31, 2026

March 31, 2025

Credit impairment (loss) / recovery recorded in income

(212) 10

March 31, 2026

December 31, 2025

Financial Assets -amortised cost

ECL Staging

Purchased credit-impaired

Total

Stage 1 12-month ECL

Stage 2 life-time ECL

Stage 3 life-time ECL

Credit grade:

Investment

1,105,887

5,522

–

1,111,409

1,003,529

Non-investment

1,403,538

38,260

14,066

10,594

1,466,458

1,468,565

Watch

10,914

566

3,535

–

15,015

17,330

Default

–

20,401

–

20,401

21,505

Unrated

557

–

557

930

Total gross value

2,520,896

44,348

38,002

10,594

2,613,840

2,511,859

Loss allowance

(13,344)

(1,961)

(9,021)

–

(24,326)

(25,242)

Total, net of allowance

2,507,552

42,387

28,981

10,594

2,589,514

2,486,617

March 31, 2026

March 31, 2025

Credit impairment loss recorded in income

(776)

(2,368)

‌CASH FLOWS‌

March 31, 2026

March 31, 2025

Operating activities

Adjustments for non-cash items, interest and dividends:

Income from financial investments

(74,236) (234,420)

Other interest and finance costs

54,625 50,457

Insurance finance expense

21,545 170,653

Credit impairment loss

988 2,358

Depreciation and amortization

6,956 8,120

Other items

(3,827) 6,292

6,051

3,460

Net change in investments:

Deposits

9,009 (36,639)

Securities purchased for resale

689 (5,423)

Finance loans(1)

(1,686) (26,007)

Mortgage loans

(100,459) (35,360)

Equity securities(1)

20,362 20,162

Debt securities(1)

(199,291) (230,502)

Other financial invested assets(1)

(21,268) (32,052)

(292,644) (345,821)

Net change in operating assets:

Reinsurance contract assets

6,856 43,468

Insurance contract assets

(558) (292)

Other assets and receivables

(748) (33,543)

Investment property

(10) 2,473

Segregated funds assets

20,391 22,618

25,931

34,724

The gross changes in equity securities, debt securities, other financial invested assets and investment property are as follows:

March 31, 2026

March 31, 2025

Equity securities(1):

Purchases

(73,343)

(40,777)

Disposal proceeds

93,705

60,939

20,362

20,162

Debt securities(1):

Purchases

(2,236,464)

(1,799,172)

Disposal proceeds

2,037,173

1,568,670

(199,291)

(230,502)

Other financial invested assets(1):

Purchases

(30,741)

(39,312)

Disposal proceeds

9,473

7,260

(21,268)

(32,052)

Investment property:

Purchases

(10)

(27)

Disposal proceeds

–

2,500

(10)

2,473

(1) In Q4 2025, a new investment category – ‘Other financial invested assets’ was introduced to better reflect the private debt and equity nature of certain assets. These assets were previously classified as debt securities at FVTPL, equity securities at FVTPL and finance loans. As a result, comparatives have been restated to conform to the current presentation.

March 31, 2026

March 31, 2025

Net change in operating liabilities:

Other liabilities and payables

(2,230)

(6,930)

Investment contract liabilities

(3,331)

1,929

Reinsurance contract liabilities

928

(894)

Insurance contract liabilities

152,243

157,002

Securities sold for repurchase

21,871

14,816

Deposits

47,648

58,643

Other funding instruments

(13,134)

(4,346)

Insurance contract liabilities on account of segregated fund

policyholders

(20,391)

(22,618)

183,604

197,602

March 31, 2026 March 31, 2025

Investing activities

Property, plant and equipment:

Purchases Disposal proceeds

(1,750) (1,874)

6 (27)

(1,744) (1,901)

Financing activities

Notes and loans payable:

Proceeds

12,824 2,755

Repayments

(16,294) (10,556)

(3,470) (7,801)

Lease liability payments

Principal paid

(2,210) (2,129)

Interest paid

(936) (678)

(3,146) (2,807)

Cash and cash equivalents

Cash

375,156 322,398

Call deposits and other liquid balances

470,342 575,879

Bank overdrafts

(865) (574)

844,633 897,703

‌EARNINGS PER COMMON SHARE‌

For the three-month periods ended March 31, 2026 and March 31, 2025, certain instruments which are considered to be antidilutive have been excluded from the computation of fully diluted earnings per share. This treatment is in accordance with IAS 33 – Earnings Per Share, which indicates that such instruments are antidilutive only when the exercise price is exceeded by the market price of common shares.
‌REPURCHASE OF SHARES‌

On June 20, 2025, the Company announced that the Toronto Stock Exchange (the “TSX”) accepted the Company’s notice of intention to renew its normal course issuer bid (“NCIB”) through which the Company may purchase up to 9,296,291 of the NCIB Shares during the 12-month period commencing June 24, 2025 and ending June 23, 2026. Under the NCIB, purchases may be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems at the market price at the time of acquisition, as well as by other means as may be permitted by TSX rules and applicable securities laws.

During the three-month period ended March 31, 2026, the Company repurchased 2,200 shares at a total cost of US $0.01 million (10,600 shares at a total cost of US $0.05 million for the three-month period ended March 31, 2025) which were subsequently cancelled. Share capital and share premium in equity have been reduced by the cost of the shares repurchased and commission paid on the transactions. The premium on the repurchase of shares has been recorded directly in retained earnings.

As at March 31, 2026, nil shares were recorded as repurchased but not cancelled, (nil shares as at March 31, 2025). These shares when recorded are reflected in treasury shares.
‌DIVIDEND‌

On March 11, 2026, the Board of Directors of Sagicor Financial Company Ltd. approved and declared a quarterly dividend of $0.075 per share, on the issued and outstanding shares held by the shareholders of record at the close of business on March 26, 2026. This dividend was paid on April 17, 2026.
‌SUBSEQUENT EVENT‌

On May 13, 2026, the Board of Directors of Sagicor Financial Company Ltd. approved and declared a quarterly dividend of $0.075 per common share payable on June 17, 2026 to the shareholders of record at the close of business on May 27, 2026.

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Sagicor Financial Company Ltd. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 22:40 UTC.

May. 15	Sagicor Financial Company Ltd., Q1 2026 Earnings Call, May 15, 2026
May. 14	Sagicor Financial Company Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
May. 14	Sagicor Financial Company Ltd. Approves Quarterly Dividend, Payable on June 17, 2026	CI
May. 14	Sagicor Financial Company Ltd. – Shareholder/Analyst Call
May. 13	Earnings Flash (SFC.TO) Sagicor Financial Posts Q1 Core Basic EPS US$0.184 per Share	MT
Apr. 28	Sagicor Financial Appoints Eric Sandberg as President of Sagicor Life USA	MT
Mar. 12	Sagicor Financial Company Ltd., Q4 2025 Earnings Call, Mar 12, 2026
Mar. 12	Sagicor Financial Company Ltd. Declares Quarterly Dividend on Common Share, Payable on April 17, 2026	CI
Mar. 12	Sagicor Financial Company Q4 Core Earnings to Shareholders Rise	MT
Mar. 12	Earnings Flash (SFC.TO) Sagicor Posted Q4 Core Basic EPS $0.233 per Share	MT
Mar. 12	Tranche Update on Sagicor Financial Company Ltd.’s Equity Buyback Plan announced on June 20, 2025.	CI
Mar. 12	Sagicor Financial Company Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
Dec. 16	Toronto Stocks Slip; NFI Group Rises on Settlement to Recover Most Battery Recall Costs	DJ
Dec. 16	Sagicor Financial Company announces agreement to combine SGJ and SLI	RE
Dec. 16	Sagicor Financial to Combine Sagicor Group Jamacia, Sagicor Life, in New Entity Sagicor Group Caribbean	MT

Duration

Period

Sagicor Financial Company Ltd. is a financial services provider. The Company offers life and health insurance, annuities, pension investment and administration, property and casualty insurance, and ancillary non-insurance financial products. Its segments are Sagicor Life, Sagicor Jamaica, Sagicor Life USA, and Sagicor Canada. The Sagicor Life segment conducts life, health insurance, property and casualty insurance, pensions, annuities, and asset management services in Barbados, Caribbean, Bahamas, Belize, and Trinidad and Tobago. The Sagicor Jamaica segment offers life, health, annuity, property and casualty insurance, pension administration, banking and financial services, and real estate investment services in Jamaica, Cayman Islands, Panama, Costa Rica, and the United States of America (USA). The Sagicor Life USA engages in life insurance and annuity business in the USA. Sagicor Canada offers life insurance, annuities, segregated funds, and accident and sickness insurance in Canada.