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.
The ratings of The Guardian Life Insurance Company of America® (Guardian) quoted in this report are as of December 31, 2023 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.
Results are for The Guardian Life Insurance Company of America only (not consolidated).[EF5]
1Comdex 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, 2023 and are subject to change. Ratings do not apply to the underlying investment options.
2 Total bonds consist of 94% Investment Grade and 6% Below Investment Grade public and private debt but excludes surplus note debentures classified as Schedule BA invested assets, commercial mortgages, and preferred stock.
3 Includes commercial mortgage loans and mortgage debt funds.
4 Affiliates and subsidiaries includes $913 million in affiliates classified as LLCs on the annual statement that are not private equity.
5 Presentation of Invested Assets is a condensed view which will not align to the Audited Statutory Financial Statements.
Other legal information:
Financial information concerning Guardian as of December 31, 2023, on a statutory basis: Admitted assets = $80.3 billion; liabilities = $71.2 billion (including $58.0 billion of reserves); and surplus = $9.1 billion.
Financial information concerning GIAC as of December 31, 2023, on a statutory basis: Admitted assets $11.8 billion; liabilities = $11.3 billion (including $3.9 billion of reserves); and capital and surplus = $0.5 billion.
Financial information for Berkshire Life Insurance Company of America as of December 31, 2023, on a statutory basis: Admitted assets = $5.2 billion; liabilities = $5.0 billion (including $1.1 billion in reserves); and capital and surplus = $0.2 billion.
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.
The ratings of The Guardian Life Insurance Company of America® (Guardian) quoted in this report are as of December 31, 2023 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.
Results are for The Guardian Life Insurance Company of America only (not consolidated).[EF5]
1Comdex 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, 2023 and are subject to change. Ratings do not apply to the underlying investment options.
2 Total bonds consist of 94% Investment Grade and 6% Below Investment Grade public and private debt but excludes surplus note debentures classified as Schedule BA invested assets, commercial mortgages, and preferred stock.
3 Includes commercial mortgage loans and mortgage debt funds.
4 Affiliates and subsidiaries includes $913 million in affiliates classified as LLCs on the annual statement that are not private equity.
5 Presentation of Invested Assets is a condensed view which will not align to the Audited Statutory Financial Statements.
Other legal information:
Financial information concerning Guardian as of December 31, 2023, on a statutory basis: Admitted assets = $80.3 billion; liabilities = $71.2 billion (including $58.0 billion of reserves); and surplus = $9.1 billion.
Financial information concerning GIAC as of December 31, 2023, on a statutory basis: Admitted assets $11.8 billion; liabilities = $11.3 billion (including $3.9 billion of reserves); and capital and surplus = $0.5 billion.
Financial information for Berkshire Life Insurance Company of America as of December 31, 2023, on a statutory basis: Admitted assets = $5.2 billion; liabilities = $5.0 billion (including $1.1 billion in reserves); and capital and surplus = $0.2 billion.