Guardian Life Reports Record 2024 Results and Highest Policyholder Dividends

The Guardian Life Insurance Company of America reported record financial results for the year ending December 31, 2024, showcasing continued fiscal strength and disciplined risk management. Operating income hit a new peak of over $2.4 billion, driven by robust investment returns, prudent underwriting, and efficient expense control, while capital reserves reached $11.7 billion. The company also declared its highest-ever policyholder dividend of $1.6 billion in 2025, marking a 14% increase from the previous year, reflecting its commitment to delivering value to policyholders.

Guardian experienced solid premium growth of 5%, supported by strong sales across its Group Benefits and Individual Markets segments. The company's financial resilience is underscored by high ratings from major agencies including Moody's Investor Services, A.M. Best, and Standard & Poor's, which recognize its superior credit quality and operational strength. These ratings support Guardian's stable position in the competitive life insurance market.

Strategically, Guardian has advanced partnerships to enhance its investment capabilities and long-term growth prospects. Collaborations with HPS Investment Partners and Janus Henderson aim to leverage external expertise in credit asset classes and wealth management, expanding Guardian’s general account strategy. These initiatives are designed to optimize risk-adjusted returns and scale asset management services, aligning with the company's conservative risk framework.

Customer service excellence remains a key focus, with Guardian receiving J.D. Power recognition for phone support 14 years consecutively and DALBAR awards for contact center performance over 19 years. This ongoing commitment to customer experience complements its financial performance and supports policyholder loyalty.

Guardian's financial foundation is further exemplified by its statutory basis figures as of year-end 2024, with admitted assets of $86.8 billion and surplus of $9.3 billion. The company's mutual structure and prudent management approach continue to provide policyholders with stability and confidence. Overall, the 2024 results underscore Guardian's sustained growth and its strategic positioning within the U.S. life insurance industry.