Sagicor Group reported consolidated net profit of $13.40 billion for the nine-month period.
Stronger insurance sales and improvements across its other lines of business contributed to a 72 per cent improvement in Sagicor Group Jamaica Limited’s (SJ) consolidated net profit which grew from $2.66 billion to $4.58 billion.
The financial conglomerate recorded a six per cent rise in consolidated insurance revenue to $14.80 billion during the third quarter (July to September) as it benefited from product repricing in its short-term insurance business (insurance contracts less than one year) and improved sales in the long-term insurance business (insurance contracts greater than one year).
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