NEW YORK--(BUSINESS WIRE)--The Guardian Life Insurance Company of America® (Guardian), one of the nation’s largest mutual life insurers, today announced record performance for the 2015 fiscal year. The company achieved the highest earnings in its 155-year history and continues to deliver strong performance across the board. Guardian ended the year with $7.3 billion in capital, marking its seventh consecutive year of capital growth, and Guardian policyholders received a record-high dividend of $838.6 million for 2015.
For the year, on a consolidated basis, Guardian earned $1.5 billion in operating income before taxes and dividends to policyholders. The company received $19 billion in premiums and deposits, paid out $5.6 billion in benefits to policyholders, and had $565 billion of life insurance in force.
“Guardian is growing from a position of strength, expanding our business in areas where we have scale and expertise, and reducing it in areas that are not at the core of our efforts to serve customers how, when, and where they prefer,” said Deanna Mulligan, President and Chief Executive Officer of Guardian. “The insurance industry is undergoing a period of transition, and we are ready. Guardian is embracing change so that we have the resources and flexibility to thrive in any business environment. Our record earnings in 2015 are a testament to our long-term strategy and relentless focus on our customers.”
Additional details regarding Guardian’s 2015 financial performance are available in the company’s annual report, now available at: www.ar.guardianlife.com.
The Guardian Life Insurance Company of America® (Guardian) is one of the largest mutual life insurers with $7.3 billion in capital and $1.5 billion in operating income (before taxes and dividends to policyholders) in 2015. 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, vision, and 401(k) plans. The company has approximately 8,000 employees and a network of over 3,000 financial representatives in more than 70 agencies nationwide. For more information, visit Guardian’s website: www.GuardianLife.com, Facebook page: https://www.facebook.com/GuardianLife/, and Twitter: @GuardianLife.
Financial information concerning The Guardian Life Insurance Company of America® as of 12/31/15 on a statutory basis: Admitted Assets = $48.1 Billion; Liabilities = $42 Billion (including $37 Billion of Reserves); and Surplus = $6.1 Billion.