Sagicor Financial SAGICOR GROUP OF COMPANIES Corporation (publicly traded) Corporate Structure Barbados as at December 31, 2010 showing percentage ownership & country of incorporation Sagicor USA, Inc Sagicor Finance Ltd Sagicor Life Inc LTE Ltd Sagicor Europe Ltd 100% 100% 100% 100% 85% Delaware, USA Cayman Islands Barbados Barbados Cayman Islands

Laurel Life Barbados Sagicor General Various Joint Sagicor Syndicate Sagicor Cayman Sagicor Corporate Sagicor Corporate Globe Finance Inc Insurance Co Farms Ltd Insurance Inc Ventures Holdings Ltd Reinsurance Co, Ltd Capital Ltd Capital Two Ltd 60% Barbados 100% Texas, USA 77% 53% Barbados & Partnerships 100% UK 100% Cayman Islands 100% UK 100% UK (publicly traded) Barbados Nationwide RGM Ltd Sagicor Allnation Insurance Co Ltd Sagicor Life 33% Insurance Co Sagicor at Sagicor Syndicate Lloyd’s Syndicate Lloyd’s Syndicate 100% Insurance Co Sagicor Funds Inc Trinidad & Tobago 100% DE, USA Lloyd’s Ltd Services Ltd 1206 44 Trinidad & Tobago 100% Texas, USA 100% 100% UK 100% UK 100% UK 100% UK Barbados Sagicor The Mutual Sagicor Capital Life Asset Management Financial Services Insurance Co Ltd Sagicor Claims Sagicor Sagicor Asset (Trinidad and 73% Barbados 100% Bahamas Management Inc Underwriting Ltd Management Inc Tobago) Ltd 100% CA, USA 100% UK 100% Barbados 100% Sagicor T’dad & Tobago Capital Life Insce International Mgt LOJ Holdings Ltd Co Bahamas Ltd Services, Inc 100% 100% Bahamas Sagicor Finance Inc 100% Florida, USA Jamaica 70% St Lucia Sagicor Life Sagicor Panama Sagicor Life Aruba NV S A FamGuard Jamaica Ltd 100% Aruba 100% Panama Corporation Ltd 59% 20% (publicly traded) (publicly traded) Jamaica Bahamas

Sagicor Life of the Pan Caribbean Fin Employee Benefits Sagicor Re Sagicor Pooled Inv Sagicor Int’l Family Guardian Cayman Islands Ltd BahamaHealth Insce Services Ltd Administrators Ltd Insurance Ltd Funds Ltd Administrators Ltd Insurance Co Ltd 100% Brokers & Benefit 86% 100% Jamaica 100% Jamaica 100% Jamaica 100% Jamaica 100% Bahamas (publicly traded) Cayman Islands Consultants Ltd Jamaica 100% Bahamas Sagicor Property Sagicor Insurance Health Corp Management Managers Ltd Jamaica Ltd Services Ltd 100% 100% Jamaica 100% Jamaica Star Estates Ltd FG Financial Ltd Pan Caribbean Pan Caribbean Pan Caribbean Cayman Islands 100% Bahamas 100% Bahamas Bank Ltd Asset Mngt Ltd Securities Ltd St Andrew’s 100% Jamaica 100% Jamaica 100% Jamaica Lested Developers Sagicor Insurance Developers Ltd Ltd Brokers Ltd 33.3% Jamaica FG General Insce FG Capital 100% Jamaica 35% Jamaica Agency Ltd Markets Ltd Pan Caribbean Manufacturers 100% Bahamas 100% Bahamas Investments Ltd Investment Ltd 100% Jamaica 100% Jamaica

Sagicor Financial SAGICOR GROUP OF COMPANIES Corporation Corporate Structure (publicly traded) Barbados as of acquisition showing percentage ownership & country of incorporation.

Sagicor USA, Inc Sagicor Finance Ltd Sagicor Life Inc LTE Ltd Sagicor Europe Ltd 100% 100% Cayman 100% 100% 86% Cayman Delaware, USA Islands Barbados Barbados Islands

Sagicor Life Barbados Sagicor General Various Joint Sagicor Syndicate Sagicor Cayman Sagicor Corporate Sagicor Corporate Globe Finance Inc Insurance Co Farms Ltd Insurance Inc Ventures Holdings Ltd Reinsurance Co, Ltd Capital Ltd Capital Two Ltd 60% Barbados 100% Texas, USA 77% (publicly 53% Barbados & Partnerships 100% UK 100% Cayman Islands 100% UK 100% UK traded)

Barbados Nationwide RGM Ltd Sagicor Allnation Insurance Co Ltd PEMCO Life 33% Trinidad & Insurance Co Sagicor at Sagicor Syndicate Lloyd’s Syndicate Lloyd’s Syndicate 100% Trinidad & Insurance Co Sagicor Funds Inc Tobago 100% DE, USA Lloyd’s Ltd Services Ltd 1206 44 Tobago 100% WA, USA 100% 100% UK 100% UK 100% UK 100% UK Barbados Sagicor The Mutual Sagicor Capital Life Asset Management Sagicor Claims Sagicor Financial Services Insurance Co Ltd Sagicor Corporate Sagicor Asset (Trinidad and Management Inc Underwriting Ltd 73% Barbados 100% Bahamas Capital Three Ltd Management Inc Tobago) Ltd 100% CA, USA 100% UK 100% UK 100% Barbados 100% Sagicor T’dad & Tobago Capital Life Insce International Mgt LOJ Holdings Ltd Co Bahamas Ltd Services, Inc 100% Sagicor Finance Inc 100% Bahamas 100% Florida, USA Jamaica 70%

St Lucia Sagicor Life Sagicor Panama Sagicor Life Aruba NV S A FamGuard Jamaica Ltd 100% Aruba 100% Panama Corporation Ltd 59% (publicly 20% (publicly traded) Jamaica traded) Bahamas

Sagicor Life of the Sagicor Int’l Pan Caribbean Fin Employee Benefits Sagicor Re Sagicor Pooled Inv Family Guardian Cayman Islands Ltd Administrators Ltd BahamaHealth Insce Services Ltd Administrators Ltd Insurance Ltd Funds Ltd Insurance Co Ltd 100% Cayman 100% Jamaica Brokers & Benefit 86% (publicly 100% Jamaica 100% Jamaica 100% Jamaica 100% Bahamas Sagicor St Lucia Islands Consultants Ltd traded) Jamaica Limited 100% Bahamas 100% St Lucia Sagicor Property Sagicor Insurance Health Corp Management Managers Ltd Jamaica Ltd Services Ltd 100% Cayman 100% Jamaica 100% Jamaica Star Estates Ltd FG Financial Ltd Islands 100% Bahamas Pan Caribbean Pan Caribbean Pan Caribbean 100% Bahamas Bank Ltd Asset Mngt Ltd Securities Ltd St Andrew’s 100% Jamaica 100% Jamaica 100% Jamaica Lested Developers Sagicor Insurance Developers Ltd Ltd Brokers Ltd 33.3% Jamaica FG General Insce FG Capital 100% Jamaica 35% Jamaica Agency Ltd Markets Ltd Pan Caribbean Manufacturers 100% Bahamas 100% Bahamas Investments Ltd Investment Ltd 100% Jamaica 100% Jamaica