Sagicor Life Insurance Company Annuities — A- Rated

Financial Strength In Plain English

Sagicor Financial Company Ltd.’s credit ratings from major agencies—including S&P, Fitch, A.M. Best, and Morningstar DBRS—reflect a well-capitalized and geographically diversified insurer. The acquisition of ivari in 2023 significantly boosted its North American strength, enabling upgrades by S&P to investment-grade status (BBB / Group Profile a‑) and Fitch’s upgrade to BBB‑ with a now‑Positive outlook. Fitch highlighted improved earnings consistency, strong capitalization, and reduced exposure to high-risk sovereign assets as key positives. A.M. Best assigned Sagicor an A‑ (Excellent) financial strength rating, noting very strong balance sheet metrics for its life insurance subsidiaries and stable support across jurisdictions, while still acknowledging some margin and country risk concerns. Morningstar DBRS rated the group at BBB (low) with subsidiaries at A (low), emphasizing solid franchise strength and disciplined liquidity management. Overall, Sagicor’s ratings reflect a company with investment-grade financial strength, improving profitability, and expanding geographic reach across the Caribbean, U.S., and Canada.