Guardian Life / About Guardian

FINANCIAL HIGHLIGHTS

Financials

Guardian performed well in 2015. We ended the year with $7.3 billion in capital and $82.0 billion in assets under management. Additionally, operating income before tax and dividends was $1.5 billion. 

2015 Financial Highlights (on a consolidated basis)

Premiums and Deposits

$19.0 billion

Operating Income (before taxes & dividends to policyholders)

$1.5 billion

Capital

$7.3 billion

Assets Under Management

$82.0 billion

Policyholder Dividend Declared

$838.6 million

Benefits Paid to Policyholders

$5.6 billion

Life Insurance in Force

$565.0 billion

What’s in a Dividend?

Guardian is a mutual life insurance company, which means that our participating life policyholders share in our financial results, in part, through the payment of annual dividends.1 Download the PDF to learn more about Guardian’s dividend payments.

Statutory Filings

2014 First Quarter Statutory Filing

2014 Second Quarter Statutory Filing

2014 Third Quarter Statutory Filing

2014 Fourth Quarter Statutory Filing

2015 First Quarter Statutory Filing

2015 Second Quarter Statutory Filing

2015 Third Quarter Statutory Filing

Investments

As of 12/31/15, the majority of Guardian's total investment portfolio is comprised of public fixed income (54.3%), private placement debt (18.0%), and commercial mortgages (7.8%). Public equity represents 1.0% of our total investment portfolio and is hedged to protect Guardian's capital from market volatility. Public fixed income holdings are comprised of public corporates (68.2%), structured finance (10.3%), municipal securities (9.2%), U.S. governments (7.0%), high yield public corporates & bank loans (5.2%) and emerging market debt (0.1%). Our portfolio is of excellent credit quality with strong liquidity; 93.6% of our total fixed income and convertible bonds are investment grade.

Asset Class Allocation – December 31, 2015

Statement Value $ Millions % of Invested Assets

Fixed Income (ex Private)

23,431

54.3%

Private Placement Debt

7,765

18.0%

Commercial Mortgages

3,388

7.8%

Policy Loans

3,337

7.7%

Private & Real Estate Equity

1,735

4.0%

Affiliates & Subsidiaries2

1,535

3.6%

Cash, Short-Term & Other Invested Assets

916

2.1%

Convertible Securities

651

1.5%

Public Equity3

422

1.0%

Total Invested Assets

43,180

100.0%

Fixed Income and Convertible Bonds – December 31, 2015

Statement Value $ Millions % of Bonds

NAIC 1 (Aaa-A/AAA-A)

16,150

50.9%

NAIC 2 (Baa/BBB)

13,531

42.7%

Investment Grade

29,681

93.6%

NAIC 3 (Ba/BB)

1,003

3.2%

NAIC 4 (B)

893

2.8%

NAIC 5&6 (Caa/CCC & below)

139

0.4%

Below Investment Grade

2,035

6.4%

Total Bonds4

31,716

100.0%

1Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors.

2Affiliates and Subsidiaries include $569 million in affiliates classified as LLCs on the annual statement that are not private equity.

3Public Equity excludes Bond & Cash Mutual Funds and includes commodity ETFs.

4Total Bonds includes public and private debt and convertible bonds, but excludes commercial mortgages and preferred stock.