The Guardian Life Insurance Company of America (Guardian) ended 2013 with $6.1 billion in capital. Its fifth consecutive year of capital growth, Guardian declared a $776 million dividend payout to its Whole Life policyholders.

Consolidated net investment income grew 2.0 percent to $2.1 billion. For the year, on a consolidated basis, Guardian paid out $4.9 billion of benefits to policyholders, had a statutory gain of $1.2 billion from operations, before taxes and dividends to policyholders, and had $307 billion life insurance in force.

“2013 was another solid year for Guardian,” said Deanna Mulligan, president and CEO of Guardian.  “Our financial results allowed us to declare another strong dividend payout to those clients which is a key measure of our success.”

Guardian finished the year with all four major credit ratings agencies affirming the company’s financial strength:

  • A.M. Best Company A++
  • Standard & Poor’s AA+
  • Moody’s Investor Service Aa2
  • Fitch AA+

As of the end of the year, Guardian had on a statutory basis:

  • Admitted assets – $42.1 billion;
  • Liabilities – $37.1 billion (including $32.7 billion of reserves); and
  • Surplus = $5.0 billion. 

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