2019 financial results posted

National Guardian Life Insurance Company (NGL) experienced a solid year of sales growth in addition to transitions aimed at strengthening the company for long-term opportunities. NGL had a successful sales year in our two biggest sales lines, our Preneed sales grew from $510 million in 2018 to $537 million in 2019, our Group Dental and Vision grew from $6.6 million in 2018 to $7.4 million in 2019. We also saw growth in a couple of our individual product lines, Long Term Care grew from $3.6 million in 2018 to $3.9 million in 2019 and our Medicare Supplement grew from $.7 million in 2018 to $6.4 million in 2019.

“NGL had a record sales year in our Preneed line of business while still growing income and surplus. We are grateful for the hard work of our sales representatives, marketing partners and employees who helped make that happen,” said Nancy Stoddard, NGL Senior Vice President, Chief Financial Officer & Chief Actuary.

2019 financials

As the company transitions with new leadership in place, NGL saw record sales, income, and surplus. Strong Preneed sales drove consolidated statutory assets to $4.7 billion, the highest level in history. On a consolidated statutory basis, NGL had a net gain of $44.5 million or a 14% return on surplus driven by prudent financial management and business prioritization. Surplus reached its highest level ever at $390 million as a result of continued strong earnings. As a result of the company’s financial strength and continued success, AM Best affirmed the A- (Excellent) rating and revised the outlook to positive from stable.

“NGL has a proven track record of financial strength and stability. We are excited to receive a positive outlook from AM Best,” Stoddard continued, “We will continue to focus on managing risk and our capital as we navigate the challenges facing the insurance industry in 2020. NGL has experienced and survived many challenging times in our 110-year history and this is no different.”

A complete 2019 Annual Report is located at: https://nglic.com/About/Financial-Information

About NGL

Established in 1909 National Guardian Life Insurance Company (NGL) is an insurance company headquartered in Madison, Wis. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group markets products. Information about NGL can be found at www.nglic.com; Facebook: Facebook.com/NGLIC and LinkedIn: https://www.linkedin.com/company/national-guardian-life-insurance-company.

NGL reported $4.3 billion in consolidated liabilities for 2019. Financials current as of 12/31/19. Ratings current as of 02/28/20.

National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a/k/a The Guardian or Guardian Life.

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