Guardian Announces Largest Policyholder Dividend in Company's History

NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Guardian^®, one of the nation's largest mutual life insurers and a leading provider of employee benefits, today announced its Board of Directors approved a $911 million dividend allocation to its individual life policyholders in 2018. The Dividend Interest Rate, which is the investment component of the dividend, will remain 5.85% in 2018. 

"We are proud to be able to maintain our 5.85% dividend rate and pay out the largest annual dividend in our history," said Deanna M. Mulligan, Guardian's President and Chief Executive Officer. "Guardian's focus on managing for the long term has allowed the company to pay a dividend each year since 1868. Our customers know they can count on us."

About Guardian
The Guardian Life Insurance Company of America^® (Guardian) is one of the largest mutual life insurers, with $7.4 billion in capital and $1.5 billion in operating income (before taxes and dividends to policyholders) in 2016. Founded in 1860, the company has paid dividends to policyholders every year since 1868. Its offerings range from life insurance, disability income insurance, annuities, and investments to dental and vision insurance and employee benefits. The company has approximately 9,000 employees and a network of over 2,750 financial representatives in 58 agencies nationwide. For more information about Guardian, please visit our website, www.GuardianLife.com. You can also follow Guardian on Facebook, LinkedIn, Twitter and YouTube.

Financial information concerning The Guardian Life Insurance Company of America^® as of December 31, 2016 on a statutory basis: Admitted Assets = $51.9 Billion; Liabilities = $45.7 Billion (including $39.4 Billion of Reserves); and Surplus = $6.2 Billion.

Dividends are not guaranteed. They are declared annually by Guardian's Board of Directors. The total dividend calculation includes mortality experience and expense management as well as investment results.

For Media Inquiries, Contact:
Ana Sandoval
The Guardian Life Insurance Company of America
(212) 919-8551   
[email protected]

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SOURCE The Guardian Life Insurance Company of America