Sagicor Financial Group's net profit fell in its third quarter ended September.
For the three-month period, the company made $4.18 billion after clearing its tax obligations.
That's down from the $8.2 billion made for the corresponding period last year.
Year-to-date profit was also down to $10 billion from $13 billion last year.
Sagicor's revenues were also down, coming in at $23.9 billion for the quarter versus $24.9 billion last year.
The group says its financial position was affected by the softening of asset prices and increased pay outs and expenses.
A fall-off in market prices for fixed income and equity securities also affected the group's performance.
Sagicor says it is mindful of inflation and the high interest rate environment it is now operating in.
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