Sagicor Group Jamaica (“the Group”) has announced its financial results for the year ended December 2025, which see the entity recording net profit attributable to stockholders of $16.22 billion.

This exceptional performance represents a 75% increase over the J$9.24 billion earned in the previous year. The results were driven by strong growth across the Group’s primary business lines, alongside a notable recovery in the asset portfolio. These factors contributed to higher realised and unrealised gains, reflecting the resilience and adaptability of the Group’s operations in a dynamic market environment.

“Our 2025 performance restored earning growth, improved the quality of our profitability, and reinforced the resilience of our balance sheet. The year was also marked by one of the most severe hurricanes in our nation’s history. The impact on lives, livelihoods, and businesses was significant, and many within our own Sagicor family and client base were directly affected,” said Group President and CEO Christopher Zacca.

“In that environment, our responsibility extended beyond financial metrics. We worked tirelessly to restore operations, honoured our commitments and supported recovery efforts, while safeguarding the strength of our capital position,” he added.

Zacca said that the balance between people and performance will continue to define the Group’s approach as it enters the new financial year.
Core earnings, which provide a clear measure of the underlying performance of Sagicor Group Jamaica by excluding market-related impacts on insurance assets and liabilities as well as other non-recurring items, also showed material improvement year over year. This underscores the Group’s ongoing focus on operational excellence and sustainable value creation. 

At the close of 2025, Sagicor Group Jamaica almost doubled its earnings per share attributable to stockholders (EPS) to $4.15, up from $2.37 in 2024. Return on Equity (ROE) also saw a substantial increase, rising to 15% compared to 9% in the prior year, reflecting the Group’s commitment to driving shareholder value and delivering strong financial returns.

Long-Term Insurance 

Long-term insurance delivered a net profit of $9.32 billion (2024: $6.07 billion). The segment continues to experience meaningful insurance revenue growth, benefiting from the release of Contractual Service Margin (CSM) of $6.34 billion (2024: $5.90 billion) and the generation of new business CSM of $7.94 billion (2024: $6.42 billion).  Net mark-to-market experience gains and new business generation further reinforced segment performance.

Short-Term Insurance 

Short-term insurance reported improved insurance revenue of $37.87 billion (2024: $34.77 billion), recording a 136% increase in net profit to $3.38 billion (2024: $1.43 billion). Group health and life products generated new business sales of $1.10 billion, primarily from the corporate client portfolio, underscoring the segment’s continued growth. The increase in general insurance claims arising from Hurricane Melissa was largely offset by reinsurance recoveries, consistent with disciplined underwriting and sound risk management. 

Commercial Banking 

This segment produced net profit of $4.01 billion (2024: $3.81 billion). It recorded a 10% increase in revenue, supported by higher net interest income and larger transaction volumes on its card payments portfolios. The loan portfolios continued to grow, with $36.97 billion in new loans written, contributing to a $2.01 billion increase in interest income. Deposits and other funding liabilities grew by $22.06 billion (2024: $14.35 billion) during the year.

Investment Banking 

This segment recorded a net profit of $1.67 billion compared to the prior year’s $0.89 billion. Net investment income of $4.55 billion increased by 50% (2024: $3.03 billion), primarily due to net trading income of $1.26 billion. Although short-term funding rates remained high, interest expense remained flat at $5.07 billion (2024: $5.08 billion).  

Zacca ended: “Resilience is built into how the Group operates. We absorbed significant external shocks, supported our clients and communities in times of real hardship, and still delivered one of the strongest performances in our history.  This is a result of consistent, sound leadership and prudent risk management.  We move forward with a focus on continued sustainable growth, to ensure that Sagicor remains a pillar of stability for the country we serve.”