Guardian Life Insurance Limited has declared a 15 per cent stock dividend and a 5.0 per cent cash dividend for its shareholders for the year 2023 during its 11th Annual General Meeting (AGM), says a statement.
This declaration reflects Guardian Life's ongoing efforts to maximise shareholder value, which have driven the company's outstanding business performance since its establishment. The company had distributed a 15 per cent cash dividend in both 2021 and 2022, as well as an 85 per cent stock dividend in 2019, demonstrating its commitment to rewarding shareholders.
Since its inception in 2013, Guardian Life Insurance, a fourth-generation life insurance company sponsored by Apex, BRAC, and Square, has consistently shown strong growth across all financial indicators.
With investments of Tk 5.46 billion, the company has maintained an impressive Compound Average Growth Rate (CAGR) of 25 per cent in the life fund, 21 per cent in gross premium, and 26 per cent in assets.
These achievements are further supported by the company's solid financial foundation, as evidenced by its AA2 credit rating from the Credit Rating Agency of Bangladesh (CRAB).
Guardian Life has also earned a reputation for its efficiency in claim settlements. To date, it has settled claims amounting to Tk 15 billion, with an impressive claim payout ratio of 98 per cent. Additionally, 95 per cent of claims are settled within just three working days, reinforcing the company's commitment to timely and fair service.
In its pursuit of excellence, Guardian Life has covered 12 million lives and has partnered with over 450 corporate clients to provide insurance solutions. Furthermore, the company has established a robust healthcare network, with more than 350 hospitals offering discounted services to its policyholders.
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