The leadership team and board of directors of National Guardian Life Insurance Company (NGLIC) recently approved a proposal to restructure NGLIC as a mutual holding company. To that end, the company filed a plan with the Wisconsin Office of the Commissioner of Insurance to form a mutual holding company. Subject to regulatory and policyholder approval, NGLIC will convert to a stock insurer and become a wholly owned subsidiary of the mutual holding company.

Restructuring as a mutual holding company would enhance NGLIC’s ability to grow, innovate and serve customers, while still preserving its core values. Policyholders would maintain ownership and control of the insurance holding company, while providing NGLIC greater financial flexibility.

The Wisconsin Office of the Commissioner of Insurance will hold a public hearing to review the proposed reorganization. If approved, the proposal will then be submitted to a vote of the policyholders later this year. If all approvals are obtained, the proposed reorganization will take effect January 1, 2026. nglic.com