Guardian Micro Life Insurance Achieves Rs. 2.74 Crores Net Profit with 990% Rise in Premium and 3812% Growth in Earnings in Q3
Guardian Micro Life Insurance Limited (GMLI) has demonstrated remarkable financial results in the third quarter of the fiscal year 2081/82, achieving a phenomenal 3812.15% increase in net profit, amounting to Rs. 2.74 crores—an increase from only Rs. 7.01 lakhs in the same quarter of the last fiscal year.
The net premium income of the insurer surged by 990.39%, totaling Rs. 19.48 crores in comparison to Rs. 1.78 crores in the third quarter of 2080/81. Similarly, revenue from investments, loans, and additional sources increased by 9.96%, amounting to Rs. 3.99 crores. The life insurance fund experienced notable growth of 440.56%, rising from Rs. 2.34 crores into rupees. 12.65 crores.
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Regarding expenses, the firm disbursed Rs. Net claims reached 13.53 crores—a staggering increase of 1211.13% compared to last year. Commission costs surged dramatically by 1027.92%, amounting to Rs. 2.1 million.
Retained earnings surged by 3211.83% to Rs. 1.9 crores, as disaster reserves increased by 1423.23%. The company's paid-up capital currently amounts to Rs. 75 crores, indicating a 42.86% rise compared to the previous year. Its net worth per share marginally increased to Rs. 103.36 of Rs. 100.76, and the annual EPS skyrocketed by 2638.51% to Rs. 4.88.
At the conclusion of the quarter, Guardian Micro Life Insurance's PE ratio was significantly elevated at 507.91.
Figure is of the Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Q3 2081/82 | Q3 2080/81 | Difference (%) |
|---|---|---|---|
| Paid Up Capital | 750,000.00 | 525,000.00* | 42.86% |
| Share Premium | 0.00 | 0.00 | - |
| Catastrophe Reserves | 2,935.69 | 192.73* | 1423.23% |
| Retained Earnings | 19,007.22 | 573.92* | 3211.83% |
| Other Equity | 3,256.41 | 3,248.61* | 0.24% |
| Life Insurance Fund | 126,524.06 | 23,405.99* | 440.56% |
| Investments | 874,884.33 | 520,700.00* | 68.02% |
| Net Premium | 194,818.10 | 17,866.75 | 990.39% |
| Income from Investment, Loan and Others | 39,975.09 | 36,353.10 | 9.96% |
| Claim Payment (Net) | 135,374.85 | 10,325.04 | 1211.13% |
| Commission Expenses | 21,081.90 | 1,869.10 | 1027.92% |
| Net Profit | 27,429.58 | 701.14 | 3812.15% |
| Annualized EPS (In Rs.) | 4.88 | 0.18 | 2638.51% |
| Net Worth per Share (In Rs.) | 103.36 | 100.76 | 2.58% |
| PE Ratio | 507.91 | - | - |
About Guardian Micro Life Insurance
A wise investment for a safe future
Guardian micro-life Insurance is a recently launched life insurance provider in Nepal, committed to offering cost-effective and reliable insurance options to families throughout the nation. We provide a variety of insurance options designed to suit your specific requirements and financial plan, along with customized guidance from our knowledgeable experts. Our dedication to social responsibility and sustainability advantages our customers, employees, and communities as we collaborate to build a brighter future for everyone. Opt for Guardian micro-life Insurance to protect your family’s financial wellbeing starting today!