NEW YORK, Nov. 15, 2018 /PRNewswire/ -- The Guardian Life Insurance Company of America (Guardian®), a leading national provider of life and disability insurance, employee benefits, and dental insurance, today announced its Board of Directors approved a $978 million dividend allocation to its individual life policyholders in 2019. This amount is greater than last year's allocation and is the highest in our Company's history. The Dividend Interest Rate, which is the investment component of the dividend, will remain at 5.85% in 2019. Guardian is proud to be able to maintain the 5.85% DIR in this long lasting, low interest rate environment.
"Guardian operates in the interest of its policyholders and the dividend is a big part of what defines our mutual mission," said Guardian's President and Chief Executive Officer Deanna M. Mulligan. "Even as we evolve, diversify our business and innovate for the future, we never lose sight of our founding values and commitment to serve our policyholders and customers."
Recent examples demonstrating Guardian's commitment to customers include:
"Our policyholders and clients look to us to provide unparalleled service," said Guardian's Executive Vice President of Individual Markets Christopher Dyrhaug. "As a mutual company owned by its customers, Guardian's long-term strategy is aimed at optimizing policyholder value while managing Guardian's financial strength and ratings. Guardian is committed to providing our policyholders with a strong performing whole life policy and we meet this commitment by paying a competitive dividend."
This video can help you learn more about dividends, including what type of insurance companies distribute dividends, who is eligible to receive them, and how dividends are determined by the company.
About Guardian
The Guardian Life Insurance Company of America® (Guardian) is one of the largest mutual life insurers, with $8.0 billion in capital and $1.6 billion in operating income (before taxes and dividends to policyholders) in 2017. 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 55 agencies nationwide. For more information about Guardian, please follow Guardian on Facebook, LinkedIn, Twitter and YouTube.
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.
Financial information concerning Guardian as of December 31, 2017, on a statutory basis: Admitted Assets = $55.6 Billion; Liabilities = $48.9 Billion (including $41.8 Billion of Reserves); and Surplus = $6.7 Billion.
For Media Inquiries, Contact:
Ana Sandoval
Guardian
(212) 919-8551
[email protected]
SOURCE The Guardian Life Insurance Company of America
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