Financial Information

Financial Information for National Guardian Life Insurance Company.

  • Report from 2019
  • Summary of Financial Position
  • Liabilities, Capital & Surplus
  • Summary of Operations
Knut A. Olson
Chief Executive Officer

Read Knut's full message in NGL's 2019 Annual Report.

2019 was an exciting year for National Guardian Life Insurance Company (NGL) with many transitions aimed to strengthen us for long term opportunities. Part of the transition was ensuring NGL’s infrastructure has the leadership in place who can help us grow our business and deepen relationships to optimize strategic business operations. I believe we are well positioned for continued growth with the recent addition of several experienced leaders who have the knowledge and capabilities to drive NGL into the future.  

Last year we also experienced great sadness when we said goodbye to one of our leaders, former NGL President & CEO John D. Larson, who passed away in September. John left behind a legacy of caring for people, a commitment to Madison and a profound integrity in all his dealings. Prior to his passing we worked with our Board of Directors to create the John D. Larson Scholarship Fund for the University of Wisconsin-Madison School of Business. This scholarship was established to honor John who was an integral part of NGL for nearly 50 years. 

Financial Strength and Stability
The world’s oldest and most authoritative insurance rating information source, AM Best, revised the outlooks to positive from stable and affirmed A- (Excellent) rating effective February 28, 2020. This is positive news and confirms our excellent ability to meet ongoing policy obligations. Our strong financial positioning means that NGL can be counted on when you need us most.  
For more than a century NGL has been a leader in the insurance industry. We believe in providing insurance solutions that link people to the right products and partners for life’s journey. Our goal is to help people face life’s financial challenges with confidence, dignity and grace. 

Read the full letter and more in NGL's 2019 Annual Report.

Summary of Financial Position

Consolidated Statutory Basis (in millions)




Bonds $3,847 $4,037
Mortgage Loans $106 $100
Cash and Short-Term Investments $151 $188
Other Invested Assets $246 $250
Other Assets $149 $144
Total Assets $4,499 $4,719

Liabilities, Capital and Surplus 

(In millions)

Liabilites Cap Surplus for 2018

Summary of Operations

Consolidated Statutory Basis (in millions)

Consolidated Statutory basis chart



Total Revenue $953,537 $923,912
Policy Benefits $663,350 $635,407
Commissions and Operating Expenses $236,587 $230,561



Net Gain Before Income Taxes       $53,600 $57,944
Income Taxes $18,014 $19,590
Net Gain from Operations $35,586 $38,354
Capital Gains (Losses) $1,407 $(323)
Net Income $36,993 $38,031

Basis of Presentation: These statements reflect management's presentation of the consolidated financial condition of NGL and its results of operations in accordance with statutory accounting principles.