Mr. George Sipsis reports

SAGICOR FINANCIAL ANNOUNCES INVESTMENT GRADE RATINGS FROM DBRS

Sagicor Financial Company Ltd. has received an issuer rating and a senior debt rating of BBB (low) with a stable trend from global credit rating agency DBRS Ltd. (Morningstar DBRS). In assigning these ratings, DBRS cited Sagicor's diversified business, its long history and dominant position in the Caribbean and its growing presence in the U.S. and Canada, its high-quality investment portfolio, and its strong record.

In addition, DBRS assigned an A (low) financial strength rating with a stable trend to Sagicor's U.S. operating subsidiary, Sagicor Life Insurance Company, and also to Sagicor's Canadian operating subsidiary, ivari.

DBRS assigned the following credit ratings:

  
Issuer               Security              Credit rating    Credit      Trend
                                           action           rating

Sagicor Financial 
Company Ltd.         Issuer rating         New rating       BBB (low)   Stable

Sagicor Financial 
Company Ltd.         Senior debt           New rating       BBB (low)   Stable

Sagicor Life
Insurance 
Company              Financial strength    New rating       A (low)     Stable
                     rating
   
ivari                Financial strength    New rating       A (low)     Stable
                     rating

For more information and to view the full rating report, please visit Sagicor's website under the credit ratings tab, or the DBRS website.

National Bank Financial acted as ratings agency adviser to Sagicor.

About Sagicor Financial Company Ltd.

Sagicor Financial Company is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health and general insurance, banking, pensions, annuities, investment management, and real estate.

We seek Safe Harbor.