Home ›› 02 Sep 2022 ›› Corporate
Guardian Life Insurance Limited has declared a 15 per cent cash dividend for its shareholders for the year 2021 at its 9th Annual General Meeting (AGM), said a statement.
This is the reflection of Guardian Life’s ongoing efforts to maximize shareholders’ value, which has prompted the outstanding business performance of the company since its establishment. It would be relevant to mention, the company distributed 85 per cent stock dividend to its shareholders in 2019.
Since its inception in 2013, Guardian Life Insurance, a fourth-generation life insurance company sponsored by Apex, BRAC and Square, has been demonstrating consistent growth across all financial indicators. Securing investments of Tk 334 crore and maintaining Compound Average Growth Rate (CAGR) of 23 per cent in the life fund, 18 per cent in gross premium and 25 per cent in assets are a few noteworthy indicators to mention.
The company is rooted in a solid financial base which is reflected in its AA3 credit rating from the Credit Rating Agency of Bangladesh (CRAB).
Guardian Life is well reputed for its fairness and promptness in claim settlement, which, in accumulated money term, stood at Tk 1,000 crore with a claim payout ratio of 97 per cent, added the statement.
