Sagicor Surpasses $1 Billion Earnings Milestone with ivari Acquisition Boost
April 1, 2024
Sagicor Financial Company Limited's net profit surpassed $1 billion following the acquisition of ivari, attributing strong Q4 results to the significant impact of the acquisition. CEO Andre Mousseau highlights the success.
SAGICOR’S EARNINGS have shot past the $1 billion mark on the back of its recent acquisition of Canadian insurer ivari.
In fact, the financial services provider, which was established here in 1840 as The Barbados Mutual Life Assurance Society, recorded that amount of net profit in the fourth quarter ended December 31, alone.
Sagicor Financial Company Limited president and chief executive officer, Andre Mousseau, reports that “2023 was a monumental year for Sagicor.”
For the fourth quarter specifically, Sagicor said its financial results “significantly benefited from the ivari acquisition and our subsidiaries’ strong aggregate quarter four results.” (SC)
