With over $7.9 billion in net profit recorded for its 2019 financial year and a 15 per cent increase over 2018, Guardian Life Limited last Saturday announced its highest profit in its 20-year history at the company’s annual awards, held at Jamaica Pegasus hotel in New Kingston.

During his opening remarks at the award ceremony, president of Guardian Life Limited (GLL) Eric Hosin stated that net premium income of $13.8 billion (excluding deposits invested in the unit-linked policyholders’ funds) grew by eight per cent with a five-year compound average growth rate (CAGR) of 15 per cent, according to a press release.

Notwithstanding the intensely competitive environment, the company’s two major lines of business led the way, with individual life contributing $5.6 billion and group health $6.3 billion, growing by eight per cent and 12 per cent, respectively.

http://www.jamaicaobserver.com/business-observer/record-breaking-7-9-billion-profit-for-guardian-life_189228