NGL 2016 Annual Report

2016 was a record year for National Guardian Life Insurance Company (NGL) and its subsidiaries from a sales standpoint. Total sales for 2016 were $732 million, which was an increase of 5% over 2015. Our sales were up in all areas except one, as described in more detail [in our press release below]. The 2016 sales results contributed to the growth of the consolidated statutory assets to $4.1 billion as of the end of 2016. We have doubled our asset size in the past 8 years.

Mark L. Solverud

On a consolidated statutory basis, NGL had a net gain in 2016 of $24.9 million which was a pleasing result given the pressure that low investment rates continues to place on our operating performance. As a result, capital and statutory surplus rose 7% to $325 million as of year-end. This is a very secure level given the group’s size, asset quality, and business mix. These key financial indicators reflect a financially strong company, as does NGL’s A- (Excellent) rating from A.M. Best Company, the leading provider of ratings and financial data for the insurance industry.

We are very grateful for all of those who helped contribute to our results in 2016. This includes our dedicated employees, our marketing partners, and the thousands of agents who sell our products. Most importantly we thank each and every policyholder for their business and the trust they have placed in us.

For more information, we invite you to visit our website at

NGL 2016 Annual Report