Wednesday, April 17, 2024

Sagicor reports ‘monumental’ 2023


Share post:

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)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.


Please enter your comment!
Please enter your name here

Related articles

WCPL start date announced

Trinidad and Tobago will be hosting the 2024 Massy Women Caribbean Premier League (WCPL) from August 21 to...

Oistins to get $5m spruce up

The refurbishment work in Oistins should be completed by the end of May. This assurance was given by the...

Oistins’ Magistrates’ Court closed early

The Oistins’ Magistrates’ Court has been closed after a bed bug was found in a chair inside the...

BUT action call

President of the Barbados Union of Teachers (BUT) Rudy Lovell wants Government to move urgently to address some...