Wed, 22 Aug 2018 17:50 IST
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Moody’s Affirms Aa2 Rating on Guardian Life Insurance of America

New York, August 18 ( – Analysts at Moody’s Investors Service has affirmed Aa2 insurance financial strength ratings of Guardian Life Insurance of America. The outlook on the ratings has been stable.

In a research note published yesterday, the analysts mention that Guardian’s Aa2 IFS ratings and stable outlook have been caused due to company’s excellent capitalization, solid business profile, productive career agent distribution and strong financial flexibility.

Guardian’s capital adequacy has been excellent as measured by company’s NAIC Risk Based Capital (RBC) ratio of 486 percent at the year end 2017, which continues to be solid even under a stressed situation. Also, the company’s business profile has been supported by its solid market position in participating whole life insurance, which Moody’s views as low risks due to the flexibility provided by the dividend mechanism. The business has been stable and has low interest sensitivity, which leads to low levels of asset liability management (ALM) and liquidity risk.

The company has its headquarters in New York and reported statutory net admitted assets of around $37 billion and total capital of around $5.2 billion, the analysts say.