Scotia Group Jamaica saw net income for Q3, 2025 of $5.6 billion, an 11 per cent increase on the previous quarter.

A big contributor to that was the life insurance arm headed by Debra Lopez-Spence, president of Scotia Jamaica Life Insurance Company. 

Her division reported net insurance business revenue of $2.6 billion, a whopping 56 per cent increase year over year. She attributes this to an increase in core insurance with strong execution and strategic alignment.

Gross written premiums were up 8 per cent year over year, driven by both the credit and non-credit book of business.

“Speaking at a recent press conference, Lopez-Spence said: “We continue to lead the market for approved retirement schemes with the highest number of plans across the industry.

“Our non-branch channels—Scotia Mobile App, the website, Scotia Access, the Contact Centre—continue to grow in popularity and make it easier to do business with us. Clients want convenience, and they want us to meet them where they are for both advice and service.

In Q3, Scotia Life Insurance launched The Don’t Leave Them Alone (LOAN) campaign to educate clients on the benefits of credit life protection. Lopez-Spence said this has been well received by the market.

“If clients become ill or worse, their debts will be expunged. Credit protection is available through the branch network, through retail banking officers, through the Contact Centre and digitally for Scotia Plan Loans. We are pleased to share that credit protection will also be available digitally for credit cards before the end of the calendar year.

The Scotia Life boss reflected: “Q3 was a quarter of growth, innovation and impact. We are very well positioned to finish the year strong and head into the new fiscal year with the right momentum.”