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NEW YORK, N.Y., —April 23, 2025—The Guardian Life Insurance Company of America® (Guardian) today reported strong financial results in The 2024 Guardian Annual, continuing to build on its legacy of financial strength and delivering consistent growth for policyholders through a robust business strategy and disciplined risk management.

Financial highlights from the year ending December 31, 2024, include:

Record operating income: Driven by robust investment returns, sound underwriting, and prudent expense management, Guardian delivered pre-tax operating income of more than $2.4 billion, an all-time record for Guardian, and grew capital to $11.7 billion.

Highest-ever policyholder dividend: Guardian delivered a record dividend of $1.6 billion to participating policyholders in 2025, representing a 14% increase compared to the year prior.

Premium growth and strong sales: Achieved solid premium growth of 5%, with strong sales in both Group Benefits and Individual Markets businesses.

“Guardian’s financial resilience and mutuality is integral to our ongoing success. Our strong operating performance, capital position, and liquidity allow us to remain focused on executing our business strategy within our conservative risk management framework,” said Kevin Molloy, Chief Financial Officer of Guardian. “We are proud to continue delivering growth and stability for our policyholders, fulfilling our commitments now and for the future.”

Strategic business updates:

Partnerships to drive value creation: Guardian continues to enhance the value it delivers to policyholders by evolving its general account strategy and unlocking new opportunities to drive long-term growth. Collaboration with HPS Investment Partners (HPS) enables Guardian to leverage HPS’ experience across a broad range of credit asset classes, strengthening its ability to generate superior risk-adjusted returns. More recently, Guardian announced a strategic partnership with Janus Henderson to enhance its investment capabilities and the scale of our wealth management business.

Financial ratings and customer service recognitions:

Maintained high ratings: Guardian proudly remains one of the most highly rated insurance companies, with “high quality,” “superior,” and “very strong” reports from Moody’s Investor Services, A.M. Best Company and Standard & Poor’s, respectively.

Recognized for outstanding customer service: Guardian was recognized by J.D. Power for the 14th consecutive year for phone support. Additionally, Guardian earned DALBAR recognition for the 19th consecutive year, with recent highlights surrounding three Guardian contact centers.

For more information on Guardian’s record year, please see The 2024 Guardian Annual and more insights on the financial results from Kevin Molloy here.

Media Contact 
mediarelations@glic.com 

About Guardian

Guardian makes a difference in the lives of people when they need us most. With 165 years of stability and fiscal integrity, we are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence. Today, we stand behind millions of consumers, helping them prepare and plan for a bright future for themselves and their families. We help business owners care for their employees. And we help people recover and thrive in times of unexpected loss. As a modern mutual insurance company, we believe in driving value beyond dividends. We invest in our colleagues, are building an inclusive and innovative culture, and are helping to uplift communities through thoughtful corporate impact programs. Guardian, which is based in New York City, is a leading provider of life, disability, dental, and other benefits, and has received accolades for its culture and service. Our colleagues and financial professionals serve with care and experience, and our commitments rest on a strong financial foundation, which included a 2025 dividend allocation of $1.6 billion – the largest in the company's history. For more information, visit guardianlife.com or follow us on Facebook, LinkedIn, and YouTube.

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.

Janus Henderson is not an affiliate or subsidiary of PAS or Guardian.

Financial information concerning Guardian as of December 31, 2024, on a statutory basis: Admitted assets = $86.8 billion; liabilities = $77.5 billion (including $60.7 billion of reserves); and surplus = $9.3 billion.