NASSAU, BAHAMAS — Family Guardian’s parent company reported $25.7 million in insurance revenue for its first quarter, with its profits totaling $2.2 million for the period.
Dodridge Miller, FamGuard Group Chairman commenting on the company’s Q1 performance for 2023 noted: “We are pleased to report that for the three-month period ending 31st March 2023, FamGuard Corporation recorded profits of $2.2 million, representing $0.22 per share for common shareholders. The financial results continue to reflect the strength and stability of our core business in the midst of an ever-evolving economic and regulatory environment.”
He added: “The Group reported insurance revenue of $25.7 million for the three months ended March 31, 2023, compared to $24.5 million reported for the comparative prior period. Insurance service results totaled $2.7 million, a 33 percent increase over the March 2022 restated results.”
Miller advised that the Group’s financial position remains strong with total assets of $375.4 million, of which investment assets comprised $304.4 million, representing 81 percent of its total assets.
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