Company Overview Visit glic.com website
The Guardian Life Insurance Company (Guardian) is a life insurance company that was established in 1868. The company sells life insurance and annuity products for individuals and businesses, as well as group health insurance.
Today, the company's assets are over $300 billion dollars. It has four major subsidiaries: Guardian Savings Bank, USA Mutuals, Royal Neighbors of America and The Continental Assurance Company Ltd.; these companies together have over 4 million customers across the United States.
The Guardian Life Insurance Company was founded by Henry Baldwin Hyde who had been selling life insurance for another company since 1862. In 1873 he left that job to focus on his own firm just as economic conditions were taking a turn for the worse due to panic surrounding the Panic of 1873.
For the next three years, until 1876, Hyde struggled to keep his business afloat and in 1878 he was forced to sell it. However, despite these trying times, when The Continental Insurance Company Ltd. took off his operations became solvent again and in subsequent years the company made a profit every year up through 1934 when it made $755,000.