Added to YB: 2026-03-31
Pitch date: 2026-03-30
SFC.TO [bullish]
Sagicor Financial Company Ltd.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Sagicor Financial Company Ltd., together with its subsidiaries, provides various financial services to individuals and corporations in Canada, the United States, Jamaica, and the rest of the Caribbean.
Market Cap
CAD 934.8M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.65
P/E
37.25
EV/Sales
1.41
Sector
Insurance
Category
value
Our Highest Conviction Insurance Idea for 2026
SFC.TO: Canadian life insurer at 0.87x P/B vs peers at 1.4-1.7x despite 14% ROE expanding to 15% by 2028. Core earnings to shareholders +40% in 2025, 15.5% ROE ex-Jamaica stake. 2023 Ivari acquisition at <3x earnings driving growth. 4.5% yield + buybacks. Illiquid (C$360K daily vol) causing 30%+ discount. PT C$18.50 by 2030 (11.5x P/E), 21%+ annual TSR. Risks: illiquidity, underwriting, competition, mortality events.
Read full article (11 min)