Who we are... The Guardian Life Insurance Company of America
A Brief History
Guardian Today
Exemplary Ratings
About Guardian Investor Services LLC (GIS)
About The Guardian Insurance & Annuity Company, LLC (GIAC)
A Brief History
- Founded in 1860
- Fortune 200 Company
- Over 28.3 billion in Admitted Assets as of 12/31/2007
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Annual Report
- Guardian was founded by Hugo Wesendonck in 1860 in New York. At the time, it was called the Germania Life Insurance Company of New York.
- Within two short years, the company began opening agencies across the country. We even served policyowners in Colorado, the Dakotas, New Mexico and Arizona, long before these territories became states.
- In 1868, Germania became the first U.S. insurance company to start an agency in Europe. By the early 1900s, almost half of its business was outside North America, until the pressures of World War I forced it to stop writing business in Europe.
- In 1917, the company changed its name to The Guardian Life Insurance Company of America.
- In 1925, Guardian converted from a mixed stock and mutual company to a wholly mutual company. As such, we have no stockholders or private owners. The policyholders own the company and profits are distributed to them in the form of dividends on policies. Guardian has paid dividends consistently for the 145 years we've been in business.
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Guardian Today
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY (Guardian) is one of the largest mutual life insurance companies in the United States. As of December 31, 2007, Guardian and its subsidiaries had $41.3 billion in assets (on a consolidated statutory basis). With close to 3,000 financial representatives and 80 agencies nationwide, Guardian and its subsidiaries protect individuals, small business owners, and their employees with life, disability, health, long-term care, and dental insurance products, and offer 401(k), annuities and other financial products and trust services. Specializing in the small to midsize business market, Guardian's Group business unit serves more than 120,000 employers, 6 million employees and their families. More information about Guardian can be obtained at: www.guardianlife.com.
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Exemplary Ratings
Guardian has historically earned solid ratings from independent evaluators such as Moody's, Standard & Poor's, Fitch IBCA, and A.M. Best. These firms provide an analysis of financial strength and claims-paying ability. With strong capitalization, Guardian enjoys considerable financial flexibility.
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Guardian Investor Services LLC
Guardian Investor Services LLC (GIS) is an indirect wholly owned subsidiary of The Guardian Life Insurance Company of America, New York, NY. GIS is a limited liability company organized in 2001 as a successor to Guardian Investor Services Corporation, a New York corporation organized in 1968. GIS is the distributor of Guardian Annuities issued by the Guardian Insurance & Annuity Company, Inc.
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The Guardian Insurance & Annuity Company, Inc. (GIAC)
Guardian Annuities are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly owned subsidiary of The Guardian Life Insurance Company of America and one of the pioneer developers of the multi-manager variable annuity contract.
- Financial information on GIAC as of 12/31/07 (on a statutory basis): $10.4 billion in assets; $10.2 billion in liabilities (including $10.2 billion in general and separate account reserves); and $244.6 million in Surplus (including $2.5 million capital stock).
- As of February 2008 The Guardian Insurance & Annuity Company, Inc. (GIAC) is proud to have continuously received exemplary ratings from the four major independent rating services.
A+ A.M. Best Company: Superior ability to meet ongoing obligations to policyholders (2nd highest of 16 ratings)
Aa2 Moody’s Investor Services: Excellent financial security (3rd highest of 21 ratings)
AA+ Fitch Ratings: Very Strong capacity to meet policyholder and contract obligations (2nd highest of 24 ratings)
AA Standard & Poor’s: Very Strong financial security characteristics (3rd highest of 21 ratings)
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Please note that financial strength and claims-paying ability ratings apply only to GIAC’s ability to pay guarantees of principal and interest as well as annuity payments on fixed annuities and to fulfill other guarantees such as the annuity payment, death benefit and living benefit provisions offered on its variable annuities. These ratings do not apply to the investment performance of the variable investment options offered in GIAC’s variable annuities. Ratings are subject to change.
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