March 2, 2026
Guardian Holdings Limited (GHL)
Audited financials for the year ended December 31, 2025:
Reported in Trinidad & Tobago Dollars (unless otherwise stated):
GUARDIAN HOLDINGS LIMITED (GHL) for the year ended December 31, 2025, reported a 5% increase in Insurance Revenue totaling $6.16 billion compared to $5.88 billion in the corresponding period last year. Insurance Revenue for the fourth quarter had a 2% increase to close at $1.56 billion compared to $1.54 billion for the comparable quarter of 2024.
Insurance Service Expenses amounted to $4.43 billion (2024: $3.69 billion), this represents an increase of 20% year over year. Also, net expenses from reinsurance contracts held decreased by 59% to $534.28 million compared to $1.31 billion for the year ended December 31, 2024. As a result, Insurance service result increased by 35% to close at $1.20 billion (2024: $885.84 million). For the quarter, Insurance service result increased by 38% from $272.39 million in 2024 to $374.85 million in 2025.
Net Income from all Activities increased by 3% from $2.09 billion in 2024 to $2.15 billion in the period under review.
Operating expenses for the year ended December 31, 2025, amounted to $902.53 million, a 8% increase relative to $836.41 million reported in 2024.
Operating Profit for the year ended December 31, 2025, amounted to $1.06 billion, a 1% decrease relative to $1.07 billion reported in 2024. Operating Profit for the fourth quarter amounted to $278.35 million (2024: $313.77 million).
Share of profits of associated companies totalled $40.53 million a 31% increase from the corresponding period last year. (2024: $30.87 million).
Profit before Taxation for the year ended December 31, 2025, amounted to $1.10 billion, a marginal increase relative to $1.10 billion reported in 2024. Profit before Taxation for the fourth quarter amounted to $303.97 million (2024: $331.33 million).
Taxation for the year ended December 31, 2025, had a 16% decrease to reach $211.83 million (2024: $251.00 million). As such, Profit for the year for the year amounted to $1.54 billion, an 80% increase from the $856.84 million reported in 2024. For the fourth quarter, Profit for the year was $251.81 million (2024: $253.06 million).
Net profit attributable to shareholders amounted to $1.53 billion (2024: $850.15 million).
Consequently, Earnings Per Share for the year amounted to $6.61 (2024: EPS: $3.66), while Earnings Per Share for the quarter totaled $1.08 (2024: EPS: $1.08). The twelve-month trailing EPS was J$156.31 and the number of shares used in these calculations was 232,024,923.
Notably, GHL’s stock price closed the trading period on February 27, 2026, at a price of J$352.58 with a corresponding P/E ratio of 2.26x.
Balance Sheet Highlights
The company’s assets totalled $39.81 billion (2024: $36.96 billion). The growth in total assets was mainly due to a $1.77 billion or 7% increase in ‘Investment Securities’ to close the period at $27.29 billion.
Shareholder’s equity was $6.41 billion (2024: $4.57 billion), representing a book value per share of J$653.53 (2024: J$459.92).
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