Insurance conglomerate Sagicor Group Jamaica Limited is reporting a 12 per cent decline for the second quarter ended June.
The dip reflected profit earnings of $3 billion.
The outlook remains cautious due to inflation and high interest rates.
The company's executive team thinks interest rates may start trending down later than initially expected due to Hurricane Beryl, which hit Jamaica last month.
During the April-June quarter, Sagicor Group increased its revenue to $13.1 billion, up from $11.1 billion over the corresponding period last year.
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