Sagicor Group Jamaica earns $2.01 billion net profit in first quarter of 2026

Sagicor Group Jamaica turned a net profit of $2.01 billion in the three months to March 2026, lifted by brisk insurance business and expansion in its banking arm.

The group said the result held up even as world markets turned more volatile and it set aside extra funds tied to Hurricane Melissa, which hit its short-term insurance book.

Insurance income rose six per cent in the quarter. New sales were strong in both long-term and short-term cover.

Its commercial bank made $830 million in net profit. Higher lending, more customer transactions, and greater use of card payments helped drive that figure. The bank put out more than $12 billion in fresh loans during the period.

The short-term insurance unit ended the quarter slightly in the red. Rising claims and costs linked to Hurricane Melissa wiped out gains from higher premiums and other revenue.