The Sagicor Group posted a consolidated group loss of $11.1m for the first quarter of 2011, $18.5m to shareholders, compared to net income of $13.1m for the same period in 2010, $6.5m to shareholders.
The group said the results were impacted by exceptional natural catastrophes, the property & casualty subsidiary, Sagicor at Lloyds, incurred $36.2m in catastrophe losses during the quarter.
The total revenue for the first quarter of 2011 was $345.9m, compared to $292.5m for the same quarter of 2010.
At the end of the first quarter of 2011, assets had increased to $5.1bn, an increase of $0.3bn over the three month period. Total equity stood at $715.9m as compared to $738.8m at the beginning of the period.