Sagicor profit falls 40 per cent in second quarter as Hurricane Melissa claims weigh on insurance book

Sagicor Group Jamaica Ltd reported net profit of $2.85 billion for the second quarter ended June 2026, down 40 per cent a year earlier, as Hurricane Melissa-related claims and the absence of one-off gains compressed returns. The results were “resilient”, stated Chairman Peter Melhado and President and CEO Christopher Zacca in the directors’ report. It came “against abackdrop of elevated Hurricane Melissa-related provisions and challenging market conditions”.

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