Guardian Hold­ings Ltd (GHL) has an­nounced the suc­cess­ful com­ple­tion of the trans­fer of the pen­sion fund port­fo­lio from NCB In­sur­ance Agency and Fund Man­agers (NCBIA) to Guardian Life Ltd (GLL), a key sub­sidiary with­in the group.

The trans­ac­tion, first dis­closed in a no­tice dat­ed Ju­ly 15, 2025, marks a sig­nif­i­cant strate­gic mile­stone for GHL.

A no­tice post­ed on the T&T Stock Ex­change on Wednes­day and signed by Krys­tal Baynes-Ho­sei­nee, cor­po­rate sec­re­tary, stat­ed, “This trans­ac­tion rep­re­sents a key strate­gic ini­tia­tive de­signed to en­hance the group’s cap­i­tal po­si­tion and op­er­a­tional ef­fi­cien­cy, there­by strength­en­ing the group’s foun­da­tion for sus­tain­able growth and long-term per­for­mance.”

This no­tice is pub­lished pur­suant to Sec­tion 64(1)(b) of the Se­cu­ri­ties Act, 2012.

This trans­ac­tion, as pre­vi­ous­ly dis­closed in GHL’s Ju­ly 15 no­tice, had said it is ex­pect­ed to de­liv­er sig­nif­i­cant strate­gic and fi­nan­cial val­ue to GLL and the wider group and strength­en mar­ket po­si­tion and grow Share­hold­er val­ue in the medi­um to long term.

In its con­sol­i­dat­ed fi­nan­cial state­ments pub­lished on April 9, 2025, the group record­ed $850 mil­lion in prof­its af­ter tax­es for the pe­ri­od end­ing De­cem­ber 31, 2024, which rep­re­sent­ed a 32 per cent in­crease in prof­its, com­pared to the same pe­ri­od the year be­fore, when it earned $645 mil­lion.

GHL chair­man Robert Almei­da had at­trib­uted the com­pa­ny’s strong earn­ing pow­er, sol­id track record and di­ver­si­fied busi­ness mod­el as be­ing in­stru­men­tal in achiev­ing the re­sults.

The com­pa­ny had al­so not­ed that it re­duced its cost-to-in­come ra­tio from 21.8 per cent in FY 2023 to 20.9 per cent in FY 2024, adding that this high­light­ed the strong im­pact of its ef­fi­cien­cy mea­sures.

Al­so, re­turn on in­vest­ed cap­i­tal for FY 2024 was 13.2 per cent, a 1.2 per­cent­age point im­prove­ment over the pri­or year.