Guardian Micro Life Insurance Q3 Profit Growth: 3800% Increase Nepal
29th April 2025, Kathmandu
Guardian Micro Life Insurance has announced impressive financial results for the third quarter of the current fiscal year (Shrawan to Chaitra).
Guardian Micro Life Q3 Profit
The company recorded a profit of NPR 27.4 million, a sharp increase from NPR 701,000 during the same period last year. This represents a remarkable growth of 3,812.84% in profit.
Boost in Key Financial Metrics
In addition to the profit boost, the company has seen growth across several key financial indicators. As of Chaitra, its catastrophe reserve reached NPR 2.935 million, an increase from NPR 192,000 in the previous year. Similarly, retained earnings rose to NPR 19 million, compared to NPR 573,000 last year. Other equity increased to NPR 3.256 million from NPR 3.248 million in the same period last year.
Substantial Growth in Life Insurance Fund
The company’s life insurance fund saw a significant jump, growing by 1,001.47% from NPR 11.4 million to NPR 125.9 million. This dramatic increase reflects the company’s ability to attract more policyholders and expand its business.
Premium Income and Net Premium Income Surge
Guardian Micro Life Insurance also achieved a major increase in premium income. By the end of the third quarter, the company earned NPR 206.7 million in total premiums, a 909.71% rise compared to NPR 20.4 million last year. Similarly, net premium income surged to NPR 194.8 million, up from NPR 17.8 million in the previous year. This marks a 990.44% increase in net premium income.
Impressive Earnings Per Share (EPS)
The company’s performance also strengthened its earnings per share (EPS). EPS grew significantly from NPR 0.18 to NPR 4.88, marking a substantial improvement. This increase in EPS highlights the company’s strong financial management and its commitment to enhancing shareholder value.
Financial Ratios and Net Worth
Guardian Micro Life Insurance’s price-to-earnings (P/E) ratio stood at 507.91, reflecting its strong earnings growth. Its net worth per share reached NPR 102.93, further demonstrating the company’s healthy financial standing. These ratios indicate that the company is in a strong position to continue growing and expanding.
Future Outlook
The company’s solid performance in the third quarter shows its potential for continued success. The growth in profits, premium income, and life insurance funds highlights Guardian Micro Life Insurance’s effective business strategies and market appeal. As the company moves forward, it is likely to maintain its positive growth trajectory in the upcoming quarters.
In conclusion, Guardian Micro Life Insurance has achieved remarkable financial success in the third quarter. Its impressive profit growth, increased premium income, and strong financial ratios position it as a leader in the insurance sector. With a solid foundation, the company is poised to continue its upward trajectory in the coming months.
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