Sagicor Group Jamaica Ltd (Sagicor Group) is a financial services conglomerate. The company offers products and services in the areas of banking, investments, real estate life and health insurance. The company provides ordinary long-term and equity-linked insurance products such as group life, group health, personal accident plans, individual health and group pension plans. It also offers residential and commercial mortgages, annuities, real estate development and management, investments management and credit and loan. The company operates in the US, Jamaica and the UK. Sagicor Group is headquartered in Kingston, Jamaica.
Headquarters
Jamaica
Address
28-48 Barbados Avenue, Kingston 5
Website
www.sagicor.com/en-jm
Telephone
1 876 9298920
No of Employees
858
Industry
Financial Services
Ticker Symbol & Exchange
SJ (JAM)
Revenue (2022)
$646.6M
-2.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-5.8%
(2022 vs 2021)
Market Cap*
$1.0B
Net Profit Margin (2022)
XYZ
-3.4%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products |
|---|
| Life Insurance |
| Loans |
| Credit Cards |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In January, the company acquired Sagicor Panama from Sagicor Life Inc. |
| 2023 | New Products/Services | In February, the company through a partnership with the University of Technology, Jamaica implemented facial recognition technology in the proof-of-life process for pensioners. |
| 2022 | Contracts/Agreements | In August, the company announced to launch first mixed-use development in Spanish Town. |
Competitor Comparison
| Key Parameters | Sagicor Group Jamaica Ltd | British Caribbean Insurance Company Ltd | JN General Insurance Company Ltd | National Commercial Bank Limited | NCB Insurance Company Ltd |
|---|---|---|---|---|---|
| Headquarters | Jamaica | Jamaica | Jamaica | Jamaica | Jamaica |
| City | Kingston | Kingston | - | - | Kingston |
| State/Province | - | Kingston | - | - | Kingston |
| No. of Employees | 858 | 100 | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter K. Melhado | Chairman | Executive Board | 2014 | - |
| Christopher W. Zacca | Chief Executive Officer; President; Director | Executive Board | 2017 | - |
| Joanna Banks | Director; Executive Vice President - Strategy and Business Development | Executive Board | 2022 | - |
| Andre Ho Lung | Chief Financial Officer | Senior Management | 2020 | - |
| Tracy-Ann Spence | Chief Investment Officer; Executive Vice President | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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