The Guardian Life Insurance Company of America: Difference between revisions

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|foundation = 1860
|location = [[New York City|New York]], [[New York (state)|NY]] 10001<br />U.S.
|key_people = Andrew McMahon, president[[President and(corporate chieftitle)|President]] executiveand officer ([[CEO)]]
|num_employees = 8,000 employees<br />3,000 financial reps
|industry = [[Insurance]]: [[Life insurance|Life]] & [[Health insurance|Health]]
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'''The Guardian Life Insurance Company of America''' is one of the largest mutual life insurance companies in the world. Based in [[Manhattan]], it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the [[Fortune 500]] list of largest American corporations by revenue.<ref>{{Cite web|url=http://fortune.com/fortune500/guardian-life-ins-co-of-america/|title=Guardian Life Ins. Co. of America|website=Fortune|language=en-US|access-date=2018-11-25}}</ref> In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billion in operating costs.<ref>[https://www.guardianlife.com/news/guardian-announces-record-earnings-2015 Guardian Announces Record Earnings for 2015]</ref> Founded in Manhattan in 1860, the company offers a wide range of insurance products and services, including [[life insurance]], [[disability income insurance]], [[annuities]], [[investments]], and [[dental insurance|dental]] and vision insurance coverage.<ref>[https://www.guardianlife.com/about-guardian/guardians-history Guardian's History]</ref>
 
==History==
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===Investment services===
In 2006, Guardian acquired 65% of RS Investments.<ref>[http://www.investmentnews.com/article/20060517/REG/605170707/guardian-buys-stake-in-rs-investments Guardian buys stake in RS Investments]</ref> RS provides its services to pensions, investment companies, high net worth individuals, corporations, and banks. It also has a selection of mutual funds which it offers to clients.<ref>[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=805801 Company Overview of RS Investment Management Co. LLC]</ref> In 2007, RS Investments was one of the largest stockholders in [[Corrections Corporation of America]], with 2,486,866 shares.<ref name=privatecorrections59>{{cite magazine|last1=Welch|first1=Michael|last2=Turner|first2=Fatiniyah|title=Private Corrections, Financial Infrastructure, and Transportation: The New Geo-Economy of Shipping Prisoners|journal=Social Justice|date=2007|volume=34|issue=3|page=59|jstor=29768464}}</ref> In 2016, [[Victory Capital]] acquired RS Investments.<ref>{{cite web |url=https://ir.vcm.com/news-releases/news-release-details/victory-capital-acquire-rs-investments |title=Victory Capital to Acquire RS Investments {{!}} Victory Capital |website=ir.vcm.com |url-status=dead |archive-url=https://web.archive.org/web/20190701160126/https://ir.vcm.com/news-releases/news-release-details/victory-capital-acquire-rs-investments |archive-date=2019-07-01}} </ref>
 
In September 2016, Guardian sold their [[401(k)]] business to [[Ameritas Life]].<ref>[https://www.guardianlife.com/news/ameritas-life-closes-deal-acquire-guardian-401k-plans-business Ameritas Life Closes on Deal to Acquire Guardian’s 401(k) Plans Business]</ref>