Guardian Micro Life Insurance Reports Exceptional Growth in Fiscal Year 2081/82

Kathmandu – Guardian Micro Life Insurance Limited has posted remarkable growth across all major financial indicators in the last fiscal year, according to its final quarterly financial statement released today.

The company reported a net profit of Rs 60.1 million by the end of Ashar of the last fiscal year, a staggering increase of 2,599.6 percent compared to Rs 2.2 million earned in the same period of the previous year.

The company’s net insurance premium also surged dramatically, rising from Rs 3.69 million in the previous year to Rs 399.5 million last year, marking an increase of 980.23 percent.

Total income climbed from Rs 86.6 million to Rs 470.7 million, while total expenditure increased from Rs 87.7 million to Rs 410.5 million. Earnings per share (EPS) rose significantly from Rs 0.42 to Rs 8.02, while the net worth per share remained steady at Rs 107.30.

Guardian Micro Life Insurance’s paid-up capital increased from Rs 525 million to Rs 750 million. Additionally, the company maintains a disaster fund of Rs 6.2 million and retained earnings of Rs 48.1 million.