The Guardian Insurance & Annuity Company, Inc. · New York, NY United States
Company Description
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This link will open in a new window The Guardian Insurance & Annuity Company stands like a sentinel protecting its clients' retirement savings. The company, a subsidiary of mutually owned life insurer The Guardian Life Insurance Company of America , sells variable annuities and variable life insurance policies to individuals and groups looking to accumulate and manage savings over the long term. Its variable annuities have optional riders, including a Guaranteed Minimum Withdrawal Benefit, that protect a client's investment from market fluctuations. Guardian Insurance & Annuity distributes its products primarily through its sister firm, Guardian Investor Services. To read the full description, subscribe now.
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Key The Guardian Insurance & Annuity Company, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 1,500 |
The Guardian Insurance & Annuity Company, Inc. Executives
3 executives listed for The Guardian Insurance & Annuity Company, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| President | Bruce Long | Network |
| EVP and Corporate Secretary | Joseph Caruso | Network |
| EVP and Chief Investment Officer | Thomas Sorell | Network |
Competition
Competitive Landscape for The Guardian Insurance & Annuity Company, Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top The Guardian Insurance & Annuity Company, Inc. Competitors
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