The credit rating organization A.M. Best Co. raised the credit and financial strength ratings for The Guardian Life Insurance Company of America from A+ (Superior) to A++ (Superior).
This is the agency’s highest rating and applies to Guardian’s core subsidiaries The Guardian Life Insurance & Annuity Company, Inc., and Berkshire Life Insurance Company of America. Guardian is one of only seven life insurance companies to be upgraded by A.M. Best in 2008.
In a press release, A.M. Best stated, “Guardian has developed and implemented a comprehensive enterprise risk management strategy, which effectively measures, monitors and reduces insurance, operational and investment risks.”
A.M. Best also noted the “ratings reflect Guardian’s superior capitalization, maintenance of positive earnings trends and the organization’s successful execution of several key strategic initiatives over the past several years.”
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.
Berkshire Life Insurance Company of America, Pittsfield, Mass. (Berkshire), is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, N.Y. Its key
missions are to grow Guardian’s disability income and long-term care lines of business and to research and develop new insurance products. More information about Berkshire can be obtained at http://www.berkshirelife.com