Despite 20 consecutive years of continued higher net profits being broken due to COVID-19, Christopher Zacca, president and chief executive officer (CEO) of Sagicor Group, has pointed to a stronger 2021 for Sagicor Group Jamaica (SJ) which recorded a 12 per cent decline in its net profit attributable to shareholders of $13.78 billion for its 2020 financial year (FY).

Although the pandemic had a sharper impact on broader aspects of local financial companies, SJ’s core business lines in individual and group insurance, commercial banking and investment banking performed above expectations with certain one-off accounting measures reducing its bottom line.

https://www.jamaicaobserver.com/business-observer/sa-this-after-20-consecutive-years-of-continued-higher-net-profits-being-broken-due-to-covid-19_217238?profile=1056