Businessuite #10 Caribbean Ranked Public Company for 2015
Sagicor Group Jamaica…. “Laying The Platform To Deliver Continued Growth In The Years Ahead”.

Stock Exchange: Jamaica

Company: Sagicor Group Jamaica Limited
2016 Rank
2015 Rank: #10
2014 Rank: #10

Chairman: Dr. The Hon. R.D. Williams
President & CEO: Richard O. Byles

Address: R. Danny Williams Building
28-48 Barbados Avenue,
Kingston 5, Jamaica, W.I.
Telephone: (876) 929-8920-9
Toll Free: 1-888-SAGICOR
Fax No: (876) 929-4730
Email: infoja@sagicor.com
Website: www.sagicorjamaica.com
Annual Report & Performance http://www.jamstockex.com/market-data/stock-data/sj

Company Profile:
Sagicor Group Jamaica is a full service financial group offering banking, investments, life & health insurance, annuities pensions, and real estate services. We have 45 years of proven expertise in the insurance business with an outstanding history and reputation for leading innovation.

“2014…….A Year Of Much Achievement”

The following edited extract was taken from the company’s 2014 Annual Report to shareholders.

The growth trend continued with our team producing improved financial results for the fifteenth consecutive year.

Net profit for the year was $8.51 billion, which is 35% above 2013. Revenues were 8% ahead of prior year, reaching $45.63 billion. We provided $17.25 billion of insurance and annuity benefits to our customers and their families in 2014, up 9% over last year. In addition, we managed the GEASO and GPASO health business on behalf of the Government of Jamaica and the largest pool of pension funds in Jamaica.

These are major businesses from which we pay out almost another $10 billion annually. Our investment funds outperformed their respective benchmarks for the most part and some were the best performers in their asset class. Our banking reach across the island expanded exponentially.

2014 was a year of much achievement. We concluded a series of major transactions and continued laying the platform to deliver continued growth in the years ahead.

We acquired the minority shareholdings in Sagicor Investments Jamaica Limited through a share swap for SGJ shares in May.

We finalised the acquisition of RBC Jamaica, rebranded that business to Sagicor Bank and commenced the amalgamation of our commercial banking operations in June. Sagicor Bank is now the third-largest commercial bank in Jamaica.

We built out a shared services organisation to provide best in-class common services to all entities of the Group while leveraging best talent, systems and other resources.

We embarked on an ambitious programme to reorganise the commercial and investment banking operations, upgrade to leading-edge technologies and entrench a customer-centric and sales-oriented culture.

We had excellent new business sales, again outperforming the individual and group insurance markets.

Team morale in the group improved further. The annual, independently administered staff survey indicates that 77.5% of our team members consider themselves to be highly engaged in their jobs.

Customer experience across the group showed 73% of our surveyed customers expressing satisfaction with our services across all our major product lines and 69% are confident that Sagicor provides unique benefits to customers.

We further strengthened the recognition of and affinity for the Sagicor brand through a wide array of product promotions and social initiatives focused primarily on sport, health and education.

Underpinning our commitment to deliver promised benefits to our customers is a strong balance sheet. In 2014 our assets grew 43% to $284.22 billion and capital grew by 28% to $46.07 billion after paying dividends of $2.41 billion to our 8,312 shareholders. Regulated companies of the group continue to exceed the risk-adjusted capital required by our regulators.

The Jamaican economy continues to show improvements and signs of growth. Much work remains and it is critical that the Government stays the course of tight fiscal management and reform. So far each of the quarterly IMF tests have been passed. We therefore look forward to 2015 with optimism.BM

DR. THE HON. R.D. WILLIAMS, OJ, CD, JP,
Hon. LL.D(UTech), Hon. LL.D(UWI)
Chairman

Dr. the Hon. R. Danvers (Danny) Williams is the founder of Life of Jamaica Limited, now Sagicor Life Jamaica, serving as President & CEO on two separate occasions. He also serves on the boards of a number of Sagicor Group Jamaica member companies.

In 1972 Dr. Williams was awarded the National Honour of Commander of the Order of Distinction (CD) and in 1993 was conferred with the Order of Jamaica (OJ) for voluntary service to his community. He served the Government of Jamaica for three years (from 1977 to 1980) as a Senator, Minister of State and Minister of Industry and Commerce, respectively.

He was conferred twice with the degree of Doctor of Laws (Hon) by the University of Technology in 2005 and by the University of the West Indies (Mona) in 2013. Dr. Williams currently serves on the boards of several major Jamaican companies, organisations and foundations. He is Director Emeritus of Jamaica Broilers Group Limited and Chairman of the Jamaica College Foundation.