Tuesday, November 21, 2017

Sagicor’s income declines 13%*


The Sagicor Group’s net income for the nine months ended September 30, fell 13 per cent to US$78.1 million, compared to the prior year result of US$89.9 million.
The Caribbean insurer, which is listed on the Barbados, T&T and London stock exchanges, said in a release yesterday: “The results for the period were impacted by a net provision of US$7.5 million related to claims exposure from hurricane activity during the year, while the prior year included exchange gains amounting to US$7.9 million relating to the depreciation of the Trinidad dollar, when compared to the United States dollar on financial investments.” 

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