NEW YORK--(BUSINESS WIRE)--The Guardian Life Insurance Company of America® (Guardian), one of the nation’s largest mutual life insurers and a leading provider of employee benefits, today announced its Board of Directors approved the payment of $847 million in dividends1 to the company’s individual life policyholders in 2017, representing the largest in company history. In addition, the 2017 Dividend Interest Rate, which is the investment component of the dividend, will be 5.85%.
“Guardian is proud to pay another record dividend to our policyholders,” said Deanna M. Mulligan, Guardian’s President and Chief Executive Officer. “As a mutual company owned by our policyholders, every decision we make is in their long-term interests. Our consistent dividend payments over our 156-year history is a testament to the mutual company model and the relentless focus we place on putting our customers first.”
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 and vision insurance and employee benefits. 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 about Guardian, please visit our website www.GuardianLife.com, Facebook page: https://www.facebook.com/GuardianLife/, and Twitter: @GuardianLife.
1Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors. The total calculation includes mortality experience and expense management as well as investment results.