RATING ACTION:
On March 12, 2024, CariCRIS reaffirmed the Issuer/Corporate Credit rating assigned to Sagicor Life Jamaica Limited (SLJ or the Company) at jmAAA (Local Currency Rating) on its Jamaica national rating scale. A stable outlook was maintained.
RATING SENSITIVITY FACTORS:
Factors that could, individually or collectively, lead to an improvement in the rating and/or outlook include:
- NA
Factors that could, individually or collectively, lead to a lowering of the rating and/or outlook include:
- A greater than 10% fall in amortised contractual service margin (CSM) and risk adjustment (RA), sustained for 2 consecutive financial periods
- A greater than 25% increase in net loss on onerous contracts
- A fall in Tangible Net Worth (TNW)/Total Assets to below 20%
- A fall in Total Investment Assets/Policy Liabilities to less than 0.5 times
Analysts’ Contact Info:
Keith Hamlet
Mobile: 1-868-487-8356
Megan Dass
Mobile: 1-868-713-6863
Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published / reproduced in any form without CariCRIS’ prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this product.