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Guardian Holdings Achieved Excellent Results For 2017 – Ganteaume

Guardian Holdings Achieved Excellent Results For 2017 – Ganteaume

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Henry Peter Ganteaume Deputy Chairman, of Guardian Holdings Limited is reporting that the Group achieved excellent results for 2017, a year during which two catastrophic hurricanes of unprecedented ferocity struck the Northern Caribbean.

After establishing net claims reserves of TT$99 million, Group Profit attributable to equity shareholders for the year ended 31 December 2017 amounted to TT$407 million, an increase of TT$11 million or 3% over 2016.

Despite social and economic uncertainty in Trinidad and Tobago, and only marginally better conditions in many of their other markets, Gross and Net Written Premiums proved resilient he said.

Commenting further he reported that the marginal decline from 2016 in premium income is substantially attributable to a non-recurring single-premium block of business acquired in 2016 by their Life, Health and Pensions segment.

Excluding this transaction in 2016 he said, Net Written Premiums in both Life, Health and Pensions and Property and Casualty segments increased by approximately 10%.

The Directors have proposed to maintain the final dividend at 45¢, the same level as 2016. Added to the interim dividend of 22¢, the total dividend per share would have increased by 2% from 66¢ to 67¢ and will be paid to shareholders on record on 21 March 2018. BM

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