Sagicor Financial : SFC Investor Presentation

Sagicor Financial Company Ltd. (TSX: SFC)

Q3 2021 Financial Results

Caution regarding forward-looking information and non- IFRS measures

Certain information contained in this presentation may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. These forward-looking statements reflect material factors and expectations and assumptions of Sagicor. Sagicor's estimates, beliefs and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to

change. No assurance can be given that growth or capital optimization will occur or be successful. Risks and uncertainties not presently known to Sagicor or that it presently believes are not material could cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional information on these and other factors that could affect events and results are included in other documents and reports. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Sagicor expectations only as of the date of this document. Sagicor disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

The Company reports certain non-IFRS measures that are used to evaluate the performance of its businesses and the performance of their respective segments. As non-IFRS measures generally do not have a standardized meaning, they may not be comparable to similar measures presented by other issuers. Securities regulators require such measures to be clearly defined and reconciled with their most comparable IFRS measure.

The Company references non-IFRS measures and insurance industry metrics in this document and elsewhere. Non-IFRS measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these are provided as additional information to complement those IFRS measures by providing further understanding of the results of the operations of the Company from management's perspective. Accordingly, these measures should not be considered in isolation, nor as a substitute for analysis of the Company's

financial information reported under IFRS. Non-IFRS measures used to analyze the performance of the Company's businesses include but are not limited to: underlying net income, return on shareholders' equity, book value per share, MCCSR, debt to capital ratio, debt to equity ratio, dividend pay-out ratio, and coverage ratio. Please see the "Non-IFRS Financial Information" section of the Management's Discussion and Analysis for a reconciliation of these non-IFRS measures.

All figures in this presentation are in US$ unless otherwise noted

Q3 2021

2

Dodridge Miller

Group President & Chief Executive Officer

Q3 2021 financial highlights

	Net income to
				Total revenue
	shareholders
	$50m					$782m
	+1,780% Y/Y				+94% Y/Y
	Earnings					Book value
	per share					per share
	US$0.349			US$7.92
	+1,845% Y/Y				+9% Y/Y

• Excellent quarter of strong profitability and growth

Return on

shareholders' equity

(annualised)

18.5%

+19.6 pts Y/Y

MCCSR

247%

stable Q/Q

• Sagicor Life USA posted yet another strong quarter reflecting continued progress in our U.S. strategy as that business grows towards scale
• Sagicor Jamaica had a very solid quarter overall, supported by new life insurance sales and positive emergence from the annual review of actuarial reserves

Q3 2021

4

Andre Mousseau

Group COO & CFO