Guardian Life Insurance Limited has declared a 15% stock dividend and a 5% cash dividend for its shareholders for the year 2023 during its 11th Annual General Meeting (AGM).
This declaration reflects Guardian Life’s ongoing efforts to maximize shareholder value, which have driven the company’s outstanding business performance since its establishment. It is worth noting that the company distributed a 15% cash dividend in both 2021 and 2022, as well as an 85% stock dividend in 2019, demonstrating its commitment to rewarding shareholders.
Since its inception in 2013, Guardian Life Insurance, a fourth-generation life insurance company sponsored by Apex, BRAC, and Square, has consistently shown strong growth across all financial indicators. With investments of BDT 546 crore, the company has maintained an impressive Compound Average Growth Rate (CAGR) of 25% in the life fund, 21% in gross premium, and 26% in assets. These achievements are further supported by the company’s solid financial foundation, as evidenced by its AA2 credit rating from the Credit Rating Agency of Bangladesh (CRAB).
Guardian Life has also earned a reputation for its efficiency in claim settlements. To date, it has settled claims amounting to BDT 1,500 crore, with an impressive claim payout ratio of 98%. Additionally, 95% of claims are settled within just three working days, reinforcing the company’s commitment to timely and fair service.
In its pursuit of excellence, Guardian Life has covered 1.2 crore lives and has partnered with over 450 corporate clients to provide insurance solutions. Furthermore, the company has established a robust healthcare network, with more than 350 hospitals offering discounted services to its policyholders.
These remarkable milestones are the result of Guardian Life’s strategic vision, prudent decision-making, and dedication to becoming a role model in good governance and reliable services.
