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A.M. Best Sagicor Ratings Update (7-21-17)

A.M. BEST REMOVES FROM UNDER REVIEW WITH NEGATIVE IMPLICATIONS, AFFIRMS CREDIT RATINGS OF SAGICOR LIFE INSURANCE COMPANY

We are pleased to announce that on July 18th, A.M. Best removed from under review with negative implications the Financial Strength Ratings (FSR) and Long-Term Issuer Credit Ratings (ICRs) of Sagicor Life Insurance Company (Sagicor Life) (Austin, Texas). See press release. The FSR of A- (Excellent) and the Long-Term ICR of "a-" have been affirmed and assigned a stable outlook.

The ratings were removed from under review after A.M. Best conducted reviews with Sagicor Financial Corporation Limited (SFC), Sagicor Life's parent company, and Sagicor Life management, evaluated year-end financial information for SFC and its rated subsidiaries, including Sagicor Life, and further assessed the potential impact of the evolving situation on Barbados on the operating performance, business profiles and risk-based capital metrics of SFC and its Barbados-based subsidiaries.

Sagicor is dedicated to the vision "To be a great Company committed to improving the lives of the people in the communities in which we operate."