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 $784 million in dividends1 to the company’s individual life policyholders in 2015. In addition, the Dividend Interest Rate, which is the investment component of the dividend, will be 6.05% in 2015.
“Guardian’s mission is to ensure the long-term financial strength2 of the company, pay a competitive dividend, and to ultimately serve more people. Through balancing financial strength, capital, and dividends, we seek to provide long-term value to our policyholders,” said Deanna M. Mulligan, Guardian's President and Chief Executive Officer. “As a mutual company that is owned by the policyholders we serve, our clients succeed when we do. Guardian’s 2015 dividend represents the 147th year in a row we have delivered on our mission.”
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America (Guardian) and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than eight million employees and their families at 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,200 financial representatives in more than 80 agencies nationwide.
For more information about Guardian, please visit www.GuardianLife.com.
1Dividends 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.
2Financial information concerning The Guardian Life Insurance Company of America as of December 31, 2013 on a statutory basis: Admitted Assets = $42.1 Billion; Liabilities = $37.1 Billion (including $32.7 Billion of Reserves); and Surplus = $5.0 Billion.