Financial highlights
With a keen focus on our growth strategy and a continued commitment to our customers, Guardian delivered another year of strong financial results in 2023. Driven by sound underwriting, prudent expense management, and robust investment returns, we built upon our exceptional financial strength. Additionally, our rigorous risk management program gave us confidence during times of market volatility to invest for the long term.
$2 billion
Surpassed an operating income of $2 billion for the first time in the company’s history
$11.4 billion
Ended the year with more than $11.4 billion of capital
$1.398 billion
Approved an all-time-high 2024 dividend of $1.398 billion and increased the dividend interest rate to 5.90%1
A++
Proudly continued to deliver some of the highest financial strength ratings in the industry
“Guardian’s results reflect strong business performance and investment returns buoyed by higher interest rates. Our risk management principles underpin our financial strength and enable us to pursue bold investment opportunities during uncertain times while others in the industry contend with constraints.”
Kevin Molloy
Chief Financial Officer
A year of strength in financial performance
We surpassed an operating income of more than $2 billion, an all-time record for Guardian, and maintained more than $11 billion in capital. This was driven by robust investment returns, sound underwriting, and prudent expense management.
As of December 31, 2023
Strength in ratings
Ratings agencies are responsible for gauging the financial strength of companies so that investors, policyholders, or partners can work with the facts. Exemplary ratings indicate that a company can honor its financial commitments and pay its claims.
Guardian continued its track record in 2023 of receiving high ratings across the board.2
- 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
