Sagicor Financial Co Ltd 2020 Annual Report with Sustainability Disclosures
The report highlights Sagicor Financial Company Ltd.'s performance during the challenging COVID-19 pandemic in 2020. Despite economic disruptions, the company achieved total revenue of $1.88 billion, representing a 1% growth compared to 2019, driven by strong premium growth in its USA segment. However, the Group recorded a net loss of $15.1 million, impacted by lower interest rates, increased credit losses, and impairment of its investment in Playa Hotels & Resorts. Sagicor actively supported its communities with a $1 million commitment to COVID-19 relief, including medical equipment donations and care packages across the Caribbean.
Company: Sagicor Financial Co Ltd
Sector: Finance & insurance
Country: Barbados
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 318
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Sagicor Financial Co Ltd
Annual Report
The report highlights Sagicor Financial Company Ltd.'s performance during the challenging COVID-19 pandemic in 2020. Despite economic disruptions, the company achieved total revenue of $1.88 billion, representing a 1% growth compared to 2019, driven by strong premium growth in its USA segment. However, the Group recorded a net loss of $15.1 million, impacted by lower interest rates, increased credit losses, and impairment of its investment in Playa Hotels & Resorts. Sagicor actively supported its communities with a $1 million commitment to COVID-19 relief, including medical equipment donations and care packages across the Caribbean.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 30, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees