Sagicor Reports Strong Financials

• Net Profit for Sagicor Group increased 35.1% moving up from $5.28Bn (EPS: $1.36)  in June 2018 to $7.13Bn (EPS: $1.64) for the second quarter ended June 2019.  
• This performance was supported strong earnings growth from most of its operating segments including Employee Benefits (+14.4%), Investment Banking (+238.2%), Commercial Banking (+35.1%) and Other Divisions (+328%), with the only exception being the Individual Lines that saw a 13.2% contraction year-on-year.
• The stock has risen 56.2% since the start of the calendar year, closing yesterday’s trading session at $58.52 per share. At its current price, the stock now trades at a P/E of 14.89x which is below the Main Market Financial sector average of 23.60x.

(Source: Sagicor Group Financials)