OLDWICK, N.J.–(BUSINESS WIRE)–AM Finest has affirmed the Monetary Power Ranking of A++ (Superior) and the Lengthy-Time period Issuer Credit score Rankings (Lengthy-Time period ICR) of “aa+” (Superior) of Guardian Life Insurance coverage Firm of America (Guardian Life) (New York, NY) and its core subsidiaries, Guardian Insurance coverage & Annuity Firm, Inc. (Wilmington, DE) and Berkshire Life Insurance coverage Firm of America (Pittsfield, MA) (collectively known as Guardian). Concurrently, AM Finest has affirmed the Lengthy-Time period Concern Credit score Ranking (Lengthy-Time period IR) of “aa-” (Superior) of Guardian Life’s surplus notes. The outlook of those Credit score Rankings (rankings) is secure. (See beneath for an in depth itemizing of the Lengthy-Time period IRs).

The rankings replicate Guardian’s stability sheet energy, which AM Finest assesses as strongest, in addition to its sturdy working efficiency, favorable enterprise profile and really sturdy enterprise danger administration (ERM).

The group has maintained a considerably stable risk-based capital profile with risk-adjusted capitalization on the strongest degree, as measured by Finest’s Capital Adequacy Ratio (BCAR). Guardian’s capital profile consists of entry to capital markets by way of its reasonable use of surplus notes to assist its enterprise methods. AM Finest considers Guardian’s leverage ratios to be acceptable for the group’s credit score profile, which reinforces monetary flexibility.

Guardian advantages from its sturdy market place, which helps the group’s sturdy working premium ranges, optimistic funding returns and robust underwriting efficiency. The consistency of Guardian’s stability sheet and working efficiency are primarily based on the corporate’s continued low danger profile that’s embedded into its ERM program. The corporate is actively managing its publicity to credit-related danger as a part of its ERM course of and has demonstrated the flexibility to resist extended credit score publicity.

The next Lengthy-Time period IRs have been affirmed with secure outlooks:

Guardian Life Insurance coverage Firm of America—

— “aa-” (Superior) on $400 million 7.375% surplus notes, due 2039

— “aa-” (Superior) on $450 million 4.875% surplus notes, due 2064

— “aa-” (Superior) on $300 million 3.70% surplus notes, due 2070

— “aa-” (Superior) on $350 million 4.85% surplus notes, due 2077

Guardian Life World Funding – “aa+” (Superior) program ranking

—“aa+” (Superior) on all excellent notes issued beneath this system

This press launch pertains to Credit score Rankings which were printed on AM Finest’s web site. For all ranking data referring to the discharge and pertinent disclosures, together with particulars of the workplace answerable for issuing every of the person rankings referenced on this launch, please see AM Finest’s Current Ranking Exercise internet web page. For extra data concerning the use and limitations of Credit score Ranking opinions, please view Information to Finest’s Credit score Rankings. For data on the correct use of Finest’s Credit score Rankings, Finest’s Efficiency Assessments, Finest’s Preliminary Credit score Assessments and AM Finest press releases, please view Information to Correct Use of Finest’s Rankings & Assessments.

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