Sagicor Financial Full Year 2023 Earnings: Beats Expectations
Sagicor Financial (TSE:SFC) Full Year 2023 Results
Key Financial Results
Revenue: US$1.53b (up 87% from FY 2022).
Net income: US$532.1m (up from US$164.4m loss in FY 2022).
Profit margin: 35% (up from net loss in FY 2022).
EPS: US$3.74 (up from US$1.15 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sagicor Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 91%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 8.0% growth forecast for the Insurance industry in Canada.
Performance of the Canadian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Sagicor Financial (1 makes us a bit uncomfortable!) that you should be aware of.
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