Seller Details:
The Guardian Life Insurance Company of America® (“Guardian”), based in New York City, is one of America’s largest life insurers. They are a leading provider of life, disability, dental, and other benefits, and have received accolades for their culture and service. Their colleagues and financial professionals serve with care and experience, and their commitments rest on a strong financial foundation, which included a 2025 dividend allocation of $1.6 billion – the largest in the company’s history. They invest in their colleagues, are building an inclusive and innovative culture, and are helping to uplift communities through thoughtful corporate impact programs. With 165 years of stability and fiscal integrity, they are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence.
Buyer Details:
Janus Henderson Group plc (NYSE: JHG; “Janus Henderson”) is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of December 31, 2024, Janus Henderson had approximately US $379 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the New York Stock Exchange.
Transaction Summary:
Guardian agrees to enter into a strategic partnership with Janus Henderson.
- Janus Henderson will manage the $45 billion investment grade public fixed income asset portfolio for Guardian’s general account, becoming Guardian’s investment grade public fixed income asset manager
- Guardian will receive equity warrants and other economic consideration, supporting a shared goal of accelerating growth and creating value
- Guardian will commit up to $400 million of seed capital for Janus Henderson fixed income product innovation
- Guardian and Janus Henderson will also co-develop proprietary, multi-asset solution model portfolios for Guardian’s dually registered broker-dealer and registered investment advisor, Park Avenue Securities (PAS)