Living our purpose: Guardian’s 2024 dividend
We are continually inspired by the ways our policyholders show up for their loved ones and businesses. In turn, every investment and decision we make ladders up to our purpose: to inspire well-being. This record dividend reflects our unwavering dedication to supporting our policyholders’ overall health across Mind, Body, and Wallet™.
Click here to read the press release.
What is a dividend and what does it mean for me?
Dividends are determined by a company’s annual performance, often serving as an indicator of strength. Even during times of uncertainty, Guardian’s financial integrity hasn’t wavered. This year, third-party independent rating agencies reaffirmed our financial stability, and our composite Comdex score remained at 99, putting Guardian in the top 1% of carriers based on claims-paying ability.1
We share our clients’ long-term interests, which take precedence over market demands. That’s why our strategy will always be to invest for growth, while maintaining our financial responsibility.
Policyholders have several options once a dividend is paid, including:
Reinvesting it into their policies.
Offsetting future premium payments.
Collecting it as tax-efficient income.2
Using it to purchase additional coverage.
Is Guardian whole life insurance right for you?
1 Comdex is another strong metric used in evaluating insurance companies. A Comdex is a composite score averaging the ratings of the major insurance rating organizations, including A.M. Best, Fitch, Moody’s and S&P. Comdex is not a rating, but rather, a ranking based on the average of all the different ratings these different organizations give an insurance company. Comdex percentile ranks the companies on a scale of 1 to 100 (with 100 being the best).
2 Dividends paid in cash are typically income tax-free up to cost basis. However, if you take dividends in cash, you can owe taxes on dividends paid over and above the amount of premiums paid.
Financial information concerning Guardian as of December 31, 2022, on a statutory basis: Admitted assets = $76.0 billion; liabilities = $67.2 billion (including $55.0 billion of reserves); and surplus = $8.8 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. In addition, the Board established a minimum amount of dividend allocation — no less than $1.257 million to be distributed in 2024 to participating life policyholders with policy dates as of January 1, 1984 and later.
1 Comdex is another strong metric used in evaluating insurance companies. A Comdex is a composite score averaging the ratings of the major insurance rating organizations, including A.M. Best, Fitch, Moody’s and S&P. Comdex is not a rating, but rather, a ranking based on the average of all the different ratings these different organizations give an insurance company. Comdex percentile ranks the companies on a scale of 1 to 100 (with 100 being the best).
2 Dividends paid in cash are typically income tax-free up to cost basis. However, if you take dividends in cash, you can owe taxes on dividends paid over and above the amount of premiums paid.
Financial information concerning Guardian as of December 31, 2022, on a statutory basis: Admitted assets = $76.0 billion; liabilities = $67.2 billion (including $55.0 billion of reserves); and surplus = $8.8 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. In addition, the Board established a minimum amount of dividend allocation — no less than $1.257 million to be distributed in 2024 to participating life policyholders with policy dates as of January 1, 1984 and later.