NEW YORK--(BUSINESS WIRE)--The Guardian Life Insurance Company of America (Guardian), one of the nation’s largest mutual life insurers and a leading provider of employee benefits, today announced that its Board of Directors has approved payment of $776 million in dividends to the company’s individual life policyholders in 2014. In addition, the Dividend Interest Rate, which is the investment component of the dividend, will be 6.25% in 2014.
"As a mutual company, we enjoy a shared interest with our owners who are also our policyholders. As owners, our policyholders share in Guardian’s actual financial results through the annual dividend. Our goal is to provide consistent returns, and I am pleased we have delivered another strong dividend payout to our clients," said Deanna M. Mulligan, Guardian's President and Chief Executive Officer. "Guardian's focus is always on building a strong, financial foundation that will serve our clients well not only today, but in the years ahead."
Dividends are not guaranteed and are declared annually by Guardian’s Board of Directors.
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide. For more information about Guardian, please visit www.GuardianLife.com.
© 2011 The Guardian Life Insurance Company of America, New York, NY all rights reserved.