Funding Agreement-Backed Note Program
Financial Summary
($ in Millions)
2015
2016
2017
2018
2019
2020
2021
Selected Income Statement Data
Premiums, Annuity Considerations and
$7,334
$7,768
$8,112
$8,381
$8,737
$8,951
$9,445
Fund Deposits
Net Investment Income
1,985
2,052
2,106
2,132
2,304
2,368
2,704
Total Revenue
9,695
10,241
10,659
10,857
11,472
11,681
12,539
Total Benefits and Expenses
8,289
8,885
9,241
9,461
10,006
10,252
11,054
Net Income
433
368
423
310
549
147
223
Selected Balance Sheet Data
Total Invested Assets
$43,180
$46,919
$50,455
$53,070
$56,602
$62,099
$66,044
Total Assets
48,121
51,884
55,569
58,489
62,205
68,045
72,127
Total Liabilities
42,031
45,711
48,885
51,317
54,589
60,285
63,538
Surplus Notes
845
845
1,197
1,198
1,199
1,497
1,498
Total Surplus
6,090
6,172
6,684
7,172
7,616
7,760
8,589
8 Guardian
Note: Statutory financials for parent company level
Source: Statutory filings, SNL Financial
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