Guardian Micro Life Insurance Sees Significant Growth in Profit and Earnings Per Share

Kathmandu – Guardian Micro Life Insurance Limited has published its financial statement for the second quarter of the current fiscal year, showcasing substantial growth in profit, income, and key financial indicators.

The company recorded a net profit of NPR 11.5 million this quarter, compared to NPR 3, 00,000 during the same period last fiscal year. The relatively modest profit last year reflected the company’s early stage of operations. However, this year’s financial results highlight strong momentum across its business areas.

Guardian Micro Life’s total income surged from NPR 29.6 million in the previous fiscal year to over NPR 150 million this year. Similarly, its net insurance premium income saw a remarkable jump, growing from NPR 5.3 million last fiscal year to NPR 118.7 million this year.

The company’s life insurance fund also experienced significant growth, increasing from NPR 3.8 million in the previous fiscal year to NPR 86.2 million this year, further indicating the company’s expanding market footprint.

Guardian Micro Life has accumulated retained earnings of NPR 7.7 million and a disaster fund of NPR 1.3 million with a paid-up capital of NPR 255 million,

The increase in profit has led to a notable improvement in earnings per share (EPS), which rose from a mere 12 paisa last fiscal year to NPR 4.41 this year.