National Guardian Life Insurance Co.’s (NGL) leadership team and board of directors have approved a proposal to restructure NGL into a mutual holding company and has filed a plan with the Wisconsin Office of the Commissioner of Insurance to do so.
NGL said restructuring as a mutual holding company will enhance its ability to grow and innovate. Policyholders will maintain ownership of the insurance holding company while NGL has greater financial flexibility.
The Wisconsin Office of the Commissioner of Insurance will hold a public hearing to review the proposed reorganization and, if approved after this hearing, the proposal will also be submitted to a vote of the policyholders later this year. If all approvals are obtained, the proposed reorganization is expected to become effective on Jan. 1, 2026.
NGL to restructure as mutual holding company
