Monday, April 11, 2016 |

KINGSTON, Jamaica – Last year was another record year for Guardian Life Limited, as the company improved its financial results for a third consecutive year.

According to a news release issued Monday, the company’s Consolidated Net Profit of $4.8 billion, surpassed 2014 results by $2.2 billion or 87 per cent.

The release said there were improvements in the company’s key performance indicators, which reflect in the results when compared to the 2014 financial year:

• Return on  Average Shareholders’ Equity of 47 per cent, up from 28 per cent;

• Return on Assets (ROA) of 8 per cent, up from 5 per cent;

• Earnings per share of $37.81, up from $20.23;

• Growth in Shareholders’ Equity of 13 per cent from $$9.64 billion to $10.86 billion;

• Solvency ratio of 213 per cent, significantly above the regulatory minimum of 150 per cent;

• Cost to Income Ratio (normalised) of 26 per cent, down from 27 per cent.

http://www.jamaicaobserver.com/latestnews/Guardian-Life-reports-record-profit-for-third-consecutive-year