Today, the Guardian Life Insurance Company of America® (Guardian) released “The Guardian Annual 2022: Moments that matter,” which documents steady progress toward the transformation of the 163-year-old Company, as well as its continued financial strength during a year of inflation and rising interest rates.1

With a focus on innovation, internal culture, and the moments that matter most to Guardian’s consumers, the report presents key accomplishments around the Company’s strategic priorities to wow the consumer, reimagine mutuality, and unleash what’s possible. Stories that underscore the real-life impact of the Company’s innovative products and compassionate service also punctuate the report.

The Guardian Annual details new annuity options, dental plans, and bereavement services that are direct outcomes of Guardian’s deep focus on the consumer. Empathy for what the consumer is experiencing at critical points of interaction has also been incorporated into employee training and the redesign of online transactions, programs, and platforms. Last year, Guardian also received numerous awards and accolades for its excellent customer service and work environment.   

Guardian continued its unwavering legacy of financial strength and stability in 2022, highlighted by an increased Moody’s rating2 and improved Comdex score.3 The Company also paid its highest dividend in Guardian’s history to participating whole life policyholders.4

“The past year was just the beginning of our transformation,” notes Andrew J. McMahon, Chief Executive Officer and President. “There is more to come, as we make progress on our strategy that will build on Guardian’s legacy of serving consumers and will make us a leading champion of well-being year after year.”

Key financial information highlighted in the report includes:

  • Premium growth of 6%
  • Operating income of $1.7 billion
  • $11 billion of capital
  • Record dividend allocation of $1.26 billion and dividend interest rate increase to 5.75%
  • Moody’s Investors Service ratings increase to Aa1, Stable
  • Comdex score of 99 out of 100

Kevin Molloy, Chief Financial Officer, notes, “We have responded quickly and effectively to changing market conditions, focused resources where we can deliver the most value for customers and invested for growth in our general account investment portfolio capabilities. Our results and ratings reflect our success.”

About Guardian

Guardian makes a difference in the lives of people when they need us most. With more than 160 years of stability and fiscal integrity, we are a trusted resource to millions of consumers, helping them prepare and plan for a bright future and recover and thrive in times of unexpected loss. We believe in inspiring well-being across mind, body, and wallet, and in driving value beyond dividends. We invest in our colleagues, are building a progressive and inclusive culture and are helping to uplift communities through thoughtful social and environmental programs. Guardian, which is based in NYC, is a leading provider of life, disability, dental, and other benefits, and has received accolades for its culture and service. Our colleagues and financial representatives serve with care and experience, and our commitments rest on a strong financial foundation, which at year-end 2022 included $11 billion in capital and largest dividend of $1.26 billion in the Company’s history. For more information, visit or follow us on FacebookLinkedInTwitter, and YouTube

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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.


Comdex is not a rating, but a composite of all ratings that a company has received from the major rating agencies (A.M. Best, Standard & Poor’s, Moody’s, and Fitch). Comdex percentile ranks the companies on a scale of 1 to 100 (with 100 being the best). Ratings are as of December 31, 2022, and are subject to change.


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.  

Guardian® is a registered trademark of The Guardian Life Insurance Company of America.

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