Guardian Holdings Income Statement

Financials in millions TTD. Fiscal year is January - December.

Millions TTD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	6,156	5,878	5,438	4,865	4,797
Total Interest & Dividend Income	700.17	-108.22	-130.37	1,256	1,183
Gain (Loss) on Sale of Investments	-59.96	1,042	1,081	-617.57	16.98
Other Revenue	315.54	270.7	189.59	278.81	625.32
Total Revenue	7,112	7,083	6,579	5,783	6,622
Revenue Growth (YoY)	0.42%	7.65%	13.77%	-12.68%	11.70%
Policy Benefits	4,961	4,219	3,962	4,189	3,322
Policy Acquisition & Underwriting Costs	-	669.12	662.27	-	768.75
Depreciation & Amortization	-	-	-	-	106.01
Selling, General & Administrative	-	-	-	-	24.95
Other Operating Expenses	902.53	941.3	954.4	892.87	664.77
Total Operating Expenses	5,864	5,829	5,579	5,082	5,593
Operating Income	1,249	1,254	1,000	700.72	1,030
Interest Expense	-188.83	-189.99	-176.04	-203.38	-199.73
Earnings From Equity Investments	40.53	30.87	15.26	19.59	34.02
Currency Exchange Gain (Loss)	-	5.02	36.15	-30.53	97.23
EBT Excluding Unusual Items	1,100	1,099	875.66	486.41	961.17
Gain (Loss) on Sale of Assets	-	-	-	56.14	-0.68
Asset Writedown	-	-	-18.08	63.17	40.33
Pretax Income	1,100	1,099	857.58	605.71	1,001
Income Tax Expense	211.83	251	213.04	129.64	215.02
Earnings From Continuing Ops.	888.4	848.46	644.54	476.08	785.8
Earnings From Discontinued Ops.	650.55	8.38	6.07	-	-
Net Income to Company	1,539	856.84	650.61	476.08	785.8
Minority Interest in Earnings	-5.96	-6.69	-5.18	-4.36	-3.47
Net Income	1,533	850.15	645.43	471.71	782.33
Net Income to Common	1,533	850.15	645.43	471.71	782.33
Net Income Growth	80.32%	31.72%	36.83%	-39.70%	1.02%
Shares Outstanding (Basic)	232	232	232	232	232
Shares Outstanding (Diluted)	232	232	232	232	232
Shares Change (YoY)	-0.04%	-	-	-	-
EPS (Basic)	6.61	3.66	2.78	2.03	3.37
EPS (Diluted)	6.61	3.66	2.78	2.03	3.37
EPS Growth	80.40%	31.72%	36.83%	-39.70%	1.02%
Free Cash Flow	-583.17	1,089	-507.3	217.41	-400.35
Free Cash Flow Per Share	-2.52	4.69	-2.19	0.94	-1.73
Dividend Per Share	-	0.800	0.750	0.720	0.700
Dividend Growth	-	6.67%	4.17%	2.86%	-
Operating Margin	17.55%	17.70%	15.20%	12.12%	15.55%
Profit Margin	21.55%	12.00%	9.81%	8.16%	11.81%
Free Cash Flow Margin	-8.20%	15.37%	-7.71%	3.76%	-6.05%
EBITDA	1,323	1,329	1,077	784.95	1,114
EBITDA Margin	18.61%	18.76%	16.38%	13.57%	16.82%
D&A For EBITDA	74.96	74.96	77	84.23	83.99
EBIT	1,249	1,254	1,000	700.72	1,030
EBIT Margin	17.55%	17.70%	15.20%	12.12%	15.55%
Effective Tax Rate	19.25%	22.83%	24.84%	21.40%	21.48%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.