Sagicor Group Jamaica Limited (SJ) Unaudited Report to Stockholders as at the Third Quarter Ended September 30 2022

Sagicor Group Jamaica remains committed to the vision of improving the lives of people in the communities in which it operates. This continues to guide how the company does business while navigating the economic challenges of a high-inflation environment, fuelled in part by the ongoing war in Ukraine along with continued supply chain disruptions of critical commodities. To moderate these effects, Central Banks across the world, inclusive of the Bank of Jamaica, are actively raising their policy rates with the corollary impact of reducing liquidity. These aggressive actions, while necessary, have a deleterious impact on the financial sector’s profitability and its capacity to contribute to economic expansion.