Funding Agreement-Backed Note Program
High Quality Investment Portfolio
8 Guardian
8%
Invested assets by type
6%
2%
6%
<1% 1% 1%
76%
$66.0 billion total
Bonds
■Mortgage loans
Policy loans
■Partnerships & LLCs
(a)
Affiliated and unaffiliated equity
Real estate
(b)
Cash, Cash Equiv., & ST investments
■Derivatives & Other invested assets"
•
•
Highlights
Strong fixed income credit quality
Approximately 94% of bond portfolio rated investment
grade (NAIC 1 or 2 designation of 54% and 40%,
respectively)
Low LTV mortgage loan portfolio (nearly entire portfolio
in mortgage loans under 70% LTV)
Over 98% of structured securities have NAIC 1
designation
Note: Financials as of December 31, 2021 unless otherwise noted. Percentages may not sum to 100% due to rounding
(a) Unaffiliated equity = 0.2%
(b) Other invested assets consists primarily of receivables from broker on securities sold and investments in surplus note debentures of other insurance companies
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