<br />
GUARDIAN FOR LIFE<br />
A life well planned is a life well lived.<br />
ANNUAL REPORT 2010<br />
TABLE OF CONTENTS<br />
2 / Letter to Policyholders 26 /<br />
4 / Financial Highlights 28 /<br />
5 / Officers & Board of Directors 30 /<br />
6-23 / Policyholder Profiles 38/<br />
24 / 2010 Financials 40 /<br />
Financial Strength<br />
Investment Results<br />
Company Listings<br />
Important Information<br />
Contact Us<br />
/2<br />
/3<br />
As a mutual company, we manage<br />
our company in the best interests<br />
of our owners, the policyholders.<br />
We have no stockholders, as<br />
publicly held insurance companies<br />
do. Because we’re unencumbered<br />
by obligations to manage to<br />
Wall Street’s short-term, quarter-<br />
to-quarter demands, we’re able<br />
to always focus on our top p<a title="Guardian Annual Report 2010 page 1" href="http://viewer.zmags.com/publication/1c3f4066?page=1"> GUARDIAN FOR LIFE A life well planned is a life w</a>
<a title="Guardian Annual Report 2010 page 2" href="http://viewer.zmags.com/publication/1c3f4066?page=2"> TABLE OF CONTENTS 2 / Letter to Policyho</a>
<a title="Guardian Annual Report 2010 page 3" href="http://viewer.zmags.com/publication/1c3f4066?page=3"> /3</a>
<a title="Guardian Annual Report 2010 page 4" href="http://viewer.zmags.com/publication/1c3f4066?page=4"> As a mutual company, we manage our company in the</a>
<a title="Guardian Annual Report 2010 page 5" href="http://viewer.zmags.com/publication/1c3f4066?page=5"> TO OUR POLICYHOLDERS: At Guardian, we constantl</a>
<a title="Guardian Annual Report 2010 page 6" href="http://viewer.zmags.com/publication/1c3f4066?page=6"> are aligned for the long term.That’s the perspect</a>
<a title="Guardian Annual Report 2010 page 7" href="http://viewer.zmags.com/publication/1c3f4066?page=7"> GUARDIAN FINANCIAL HIGHLIGHTS 2009 </a>
<a title="Guardian Annual Report 2010 page 8" href="http://viewer.zmags.com/publication/1c3f4066?page=8"> EXECUTIVE MANAGEMENT Rear, Left to Right: Robert </a>
<a title="Guardian Annual Report 2010 page 9" href="http://viewer.zmags.com/publication/1c3f4066?page=9"> NEW ORLEANS,</a>
<a title="Guardian Annual Report 2010 page 10" href="http://viewer.zmags.com/publication/1c3f4066?page=10"> LA Creed Brierre </a>
<a title="Guardian Annual Report 2010 page 11" href="http://viewer.zmags.com/publication/1c3f4066?page=11"> His business, Mathes Brierre Architects, has stoo</a>
<a title="Guardian Annual Report 2010 page 12" href="http://viewer.zmags.com/publication/1c3f4066?page=12"> /9</a>
<a title="Guardian Annual Report 2010 page 13" href="http://viewer.zmags.com/publication/1c3f4066?page=13"> hOw dOES gUARdiAN hELP yOU wiTh yOUR COmPANy? One</a>
<a title="Guardian Annual Report 2010 page 14" href="http://viewer.zmags.com/publication/1c3f4066?page=14"> HOW WE HELP Group Life </a>
<a title="Guardian Annual Report 2010 page 15" href="http://viewer.zmags.com/publication/1c3f4066?page=15"> PHOENIX,</a>
<a title="Guardian Annual Report 2010 page 16" href="http://viewer.zmags.com/publication/1c3f4066?page=16"> AZ Kraig & Jamie Burgess Kraig and Jamie Burgess</a>
<a title="Guardian Annual Report 2010 page 17" href="http://viewer.zmags.com/publication/1c3f4066?page=17"> An orthopedic surgeon in private practice, Kraig </a>
<a title="Guardian Annual Report 2010 page 18" href="http://viewer.zmags.com/publication/1c3f4066?page=18"> / 15</a>
<a title="Guardian Annual Report 2010 page 19" href="http://viewer.zmags.com/publication/1c3f4066?page=19"> I also have term life insurance and disability in</a>
<a title="Guardian Annual Report 2010 page 20" href="http://viewer.zmags.com/publication/1c3f4066?page=20"> HOW WE HELP Individual Whole Life The</a>
<a title="Guardian Annual Report 2010 page 21" href="http://viewer.zmags.com/publication/1c3f4066?page=21"> TALLAHAS</a>
<a title="Guardian Annual Report 2010 page 22" href="http://viewer.zmags.com/publication/1c3f4066?page=22"> Tony Benton & Bart Wells As President and Executi</a>
<a title="Guardian Annual Report 2010 page 23" href="http://viewer.zmags.com/publication/1c3f4066?page=23"> An employee-owned operation, Sperry resembles a f</a>
<a title="Guardian Annual Report 2010 page 24" href="http://viewer.zmags.com/publication/1c3f4066?page=24"> / 21</a>
<a title="Guardian Annual Report 2010 page 25" href="http://viewer.zmags.com/publication/1c3f4066?page=25"> whAT ChALLENgES dO yOU hAvE AS BUSiNESS OwNERS? K</a>
<a title="Guardian Annual Report 2010 page 26" href="http://viewer.zmags.com/publication/1c3f4066?page=26"> HOW WE HELP Individual Whole Life </a>
<a title="Guardian Annual Report 2010 page 27" href="http://viewer.zmags.com/publication/1c3f4066?page=27"> 2010 fiNANCiALS S TAT U T O R y B A S i S</a>
<a title="Guardian Annual Report 2010 page 28" href="http://viewer.zmags.com/publication/1c3f4066?page=28"> S TAT U T O R y B A S i S S TAT E m E N T S O f O</a>
<a title="Guardian Annual Report 2010 page 29" href="http://viewer.zmags.com/publication/1c3f4066?page=29"> FINANCIAL STRENGTH By Robert E. Broatch, CPA, Exe</a>
<a title="Guardian Annual Report 2010 page 30" href="http://viewer.zmags.com/publication/1c3f4066?page=30"> CAPITAL Results in millions $5,343 $4,920 $4,62</a>
<a title="Guardian Annual Report 2010 page 31" href="http://viewer.zmags.com/publication/1c3f4066?page=31"> INVESTMENT RESULTS By Thomas G. Sorell, CFA, Exec</a>
<a title="Guardian Annual Report 2010 page 32" href="http://viewer.zmags.com/publication/1c3f4066?page=32"> The investment environment has clearly been chall</a>
<a title="Guardian Annual Report 2010 page 33" href="http://viewer.zmags.com/publication/1c3f4066?page=33"> COMPANY LISTINGS</a>
<a title="Guardian Annual Report 2010 page 34" href="http://viewer.zmags.com/publication/1c3f4066?page=34"> GENERAL AGENCIES ALABAmA Birmingham Southeastern</a>
<a title="Guardian Annual Report 2010 page 35" href="http://viewer.zmags.com/publication/1c3f4066?page=35"> gEORgiA Atlanta Ashford Advisors, Inc. (770) 390-</a>
<a title="Guardian Annual Report 2010 page 36" href="http://viewer.zmags.com/publication/1c3f4066?page=36"> NEBRASkA Omaha Guardian Life Insurance Company (4</a>
<a title="Guardian Annual Report 2010 page 37" href="http://viewer.zmags.com/publication/1c3f4066?page=37"> Raleigh Consolidated Planning, Inc. (919) 782-290</a>
<a title="Guardian Annual Report 2010 page 38" href="http://viewer.zmags.com/publication/1c3f4066?page=38"> Fort Worth Guardian Life Insurance Company (817) </a>
<a title="Guardian Annual Report 2010 page 39" href="http://viewer.zmags.com/publication/1c3f4066?page=39"> iNdiANA Indianapolis 201 W. 103rd St., Suite 390 </a>
<a title="Guardian Annual Report 2010 page 40" href="http://viewer.zmags.com/publication/1c3f4066?page=40"> PENNSyLvANiA Bethlehem Small Group Sales 1525 Val</a>
<a title="Guardian Annual Report 2010 page 41" href="http://viewer.zmags.com/publication/1c3f4066?page=41"> IMPORTANT INFORMATION</a>
<a title="Guardian Annual Report 2010 page 42" href="http://viewer.zmags.com/publication/1c3f4066?page=42"> The Guardian Insurance & Annuity Company, Inc. (G</a>
<a title="Guardian Annual Report 2010 page 43" href="http://viewer.zmags.com/publication/1c3f4066?page=43"> hOw yOU CAN REACh US For questions or help with a</a>
<a title="Guardian Annual Report 2010 page 44" href="http://viewer.zmags.com/publication/1c3f4066?page=44"> /1</a>
<a title="Guardian Annual Report 2010 page 45" href="http://viewer.zmags.com/publication/1c3f4066?page=45"> The Guardian Life Insurance Company of America 7 </a>