Financial highlights
Guardian’s strong financial performance in 2025 reflects our unwavering commitment to financial wellness for our policyholders. Through disciplined risk management, responsible capital stewardship, and thoughtful investment decisions, Guardian continues to grow with purpose and stability. We are proud to operate with industry-leading ratings, so our customers can move forward with confidence, today and for years to come.
$2.5 billion
Achieved record operating income of $2.5 billion.
$1.7 billion
Delivered a record-breaking dividend of $1.7 billion to our participating policyholders in 2025, an increase of 9% from 2024.1,2
A++
Proudly maintained our standing as one of the highest-rated insurance companies, with $12.6 billion of capital.
$13.5 billion
Achieved strong premium growth of 7% increase in growth across business lines.
“Our 2025 financial results demonstrate the strength of our long-term growth strategy. Disciplined execution, capital strength, and thoughtful investments enabled us to achieve our objectives while continuing to earn the trust of the customers who depend on us every day.”
Kevin Molloy
Chief Financial Officer
Expanding innovation to strengthen retirement outcomes
Guardian expanded our retirement solutions by adding two new Crediting Strategies to Guardian MarketPerform®, giving clients more flexibility, predictability, and growth potential. These new offerings build on 2025 enhancements, helping more people prepare for retirement without added fees.3 Guardian MarketPerform is built to help address real retirement concerns and support individuals as they work toward a more secure financial future.
Strategic partnerships with a purpose
In 2025, Guardian formed two strategic, long-term partnerships with Janus Henderson and Hamilton Lane to evolve our investment management portfolio by giving us access to specialized capabilities that enhance risk-adjusted performance and improve capital and cost efficiency. By tapping into high-quality private and public market investment opportunities, these collaborations help us innovate, enhance long-term returns, and create more value for the customers and partners who trust us to invest with discipline and purpose.
A year of strength in financial performance
We surpassed an operating income of more than $2.5 billion, an all-time record for Guardian, and maintained more than $12.6 billion in capital. This was driven by robust investment returns, disciplined execution, and prudent expense management.
As of December 31, 2025. All Guardian figures below are consolidated.
Ratings
Rating agencies assess companies' financial strength, helping investors and partners make informed decisions. Top ratings show a company can meet its financial obligations and pay claims to its policyholders and customers.
We are proud that Guardian maintained high ratings in 2025, demonstrating its unwavering strength.4
- Moody’s Investors Service
Aa1
High Quality
2 of 21 - A.M. Best Company
A++
Superior
1 of 15 - Standard & Poor’s
AA+
Very Strong
2 of 20
View The 2025 Guardian Annual PDF
1 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.
2 Financial information concerning Guardian as of December 31, 2025, on a statutory basis: Admitted Assets = $93.8 Billion; Liabilities = $83.8 Billion (including $64.0 Billion of Reserves); and Surplus = $10.0 Billion. Financial information concerning GIAC as of December 31, 2025, on a statutory basis: Admitted Assets = $11.0 Billion; Liabilities = $10.3 Billion (including $4.1 Billion of Reserves); and Capital and Surplus = $0.7 Billion. Financial information for Berkshire Life Insurance Company of America as of December 31, 2025, on a statutory basis: Admitted Assets = $5.7 Billion; Liabilities = $5.5 Billion (including $1.2 Billion in Reserves); and Capital and Surplus = $0.2 Billion.
3 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.
4 The ratings of The Guardian Life Insurance Company of America® (Guardian) quoted in this report are as of December 31, 2025, and are subject to change. The ratings earned by Guardian do not apply to the investments issued by The Guardian Insurance & Annuity Company, Inc. (GIAC) or offered through Park Avenue Securities LLC (PAS). Rankings refer to Guardian’s standing within the range of possible ratings offered by each agency.