Q: The pre­vi­ous Min­is­ter of Fi­nance in the 2025 bud­get said that the gov­ern­ment in­tends to sell its 49 per cent stake in Cli­co. Is that an as­set that the Guardian Group would be in­ter­est­ed in ac­quir­ing?.

A: Of course, we’d look at it. I as­sume an as­set like that would be put out for a mar­ket ten­der. So I would say, we would def­i­nite­ly look at it. And to the ex­tent that there is a good book of busi­ness there, and there is a re­al op­por­tu­ni­ty there to agree to a trans­ac­tion that makes sense, I would have no hes­i­ta­tion to put in an of­fer. If that as­set meets the due dili­gence re­quire­ments and the in­ter­nal hur­dle char­ac­ter­is­tics that the board would set, I would not re­ject it. I would cer­tain­ly look at it.

One of the Guardian group’s main com­peti­tors is the Sagi­cor Fi­nan­cial Com­pa­ny. A lit­tle more than five years ago, in De­cem­ber 2019, Sagi­cor did a trans­ac­tion which re­sult­ed in its pri­ma­ry list­ing be­ing on the Toron­to Stock Ex­change. What do you think of that trans­ac­tion and is that a pos­si­bil­i­ty or prospect for the Guardian Group go­ing for­ward?