Sagicor Jamaica generated net profits attributable to stockholders of approximately $4 billion or $1.02 per share during the first quarter of this year.
This was an increase of 296% over the net profits of $1 billion or $0.26 per share recorded during the similar period of the previous year.
Meanwhile, the return on equity shareholding capital plus retained earnings and reserves was 15% compared with 4% during the first quarter of 2024.
President and Chief Executive Officer Christopher Zacca, says the big improvement in the company's profitability was driven by a 14% increase in insurance revenues and the net profit of $2.35 billion recorded by its long-term insurance business.
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