Sagicor Financial Company Ltd. (SFC) Earnings Call Transcripts

Sagicor Financial Company Ltd.'s Latest Earnings Call - Q1 FY2026

Sagicor Financial Company Ltd. reported core earnings of $25 million for Q1 2026, a decrease primarily attributed to $8 million in negative core insurance experience due to mortality issues in North America. The company also faced $49 million in market experience losses, impacting overall profitability. Management maintained its long-term guidance for core returns on equity (ROE) at 14% for 2027 and 15% for 2028, signaling confidence in future growth despite current challenges.

Reported metrics

Guidance from management

Management maintained its long-term targets for core ROE at 14% for 2027 and 15% for 2028, indicating confidence in future growth despite the current quarter's challenges.

What management said

Thanks, Gabe. We don't get our information quite as real time as that on on mortality as they roll in, there tends to be a lag of several weeks. So it would be too early to have a view on that. As we have looked particularly at the Canadian business, we've only owned it for 2 years in each of the prior 2 years we had negative mortality in Q1. In 2024, it actually came back and was quite positive in Q2, well in 2025...

As a nonactuary, you'd love to do that because if you look at other principles, if you have onetime items, you kind of -- you take it and you amortize it over the period. I think what we've been told is that the pretty black and white principle of IFRS 17 is that when you have insurance experience outside of market experience, when you have insurance experience, you take it now. and you don't get to amortize it. So...

What analysts pressed on

Analysts expressed concerns about the recurring negative mortality experience in Q1 and its impact on future earnings. There were questions regarding the adequacy of reserves and the potential for adverse mortality trends to persist, as well as the competitive landscape in the U.S. market affecting profitability.

Main topics on the call

• Core Earnings Decline — Core earnings to shareholders were $25 million, significantly impacted by $8 million in negative core insurance experience. Management noted, "for the first time really in a couple of years, our core earnings were measur...
• Market Experience Losses — The company reported $49 million in market experience losses due to declining asset prices in fixed income and equity markets. CFO Kathy Jenkins stated, "the net loss to shareholders of $1 million for the quarter was low...
• Strategic Initiatives Progress — Management highlighted ongoing strategic initiatives, including the hiring of Eric Sandberg as President of the U.S. subsidiary, aimed at driving growth. CEO Andre Mousseau expressed optimism about U.S. growth opportunit...
• Dividend Announcement — Sagicor announced its 26th consecutive quarterly dividend at $0.075 per share, maintaining a commitment to returning capital to shareholders. This reflects the company's ongoing financial stability despite current challe...

Read the full Sagicor Financial Company Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Sagicor Financial Company Ltd. earnings call transcripts on record, spanning August 17, 2020 to May 15, 2026. Based on this history, Sagicor Financial Company Ltd. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SFC

Exchange

TSX

Country

CA

Sector

Financials

Industry

Insurance

Calls on record

28

First call

August 17, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly