Policyholders Approve NGL Conversion to Mutual Holding Company
Wisconsin Eagle/10329284

MADISON, Wis. - WisconsinEagle -- With the approval of National Guardian Life Insurance Company's (NGL) Board of Directors, its policyholders and the Wisconsin Office of the Commissioner of Insurance, NGL has converted to a mutual holding company, effective January 1, 2026. The regulatory and policyholder approval converts the organization to a stock insurer and a subsidiary of the mutual holding company.

In June 2025, after thoughtful consideration and strategic planning, NGL filed a plan with the Wisconsin Office of the Commissioner of Insurance to form a mutual holding company.

Restructuring as a mutual holding company enhances NGL's ability to grow, innovate and serve customers better, while preserving the core values that come with being a mutual insurance company. Policyholders will maintain ownership and control of the insurance holding company while providing NGL greater financial flexibility.

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"For more than 100 years, NGL has been built on strength, stability and a deep commitment to serving our policyholders. Converting to a mutual holding company allows us to preserve those values while giving NGL flexibility to invest in our future, enhance our already strong financial position and continue delivering long-term security for the customers who rely on us," said Joe Celentano, President & CEO of NGL.

Along with the conversion to a mutual holding company, Wisconsin Office of the Commissioner of Insurance also approved the organization's name change to NGL Insurance Company (NGL). While effective January 1, 2026, additional filings are being made with each state while NGL completes the name change process.

"NGL's purpose is to deliver on our promises across generations with collaboration and compassion. We seek to nurture a vision of success rooted in those promises," said Celentano. "We are proud to carry our legacy of integrity, dependability and financial strength forward with a new name. NGL Insurance Company, reflects who we are today and where we're going tomorrow."

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About NGL

Established in 1909 NGL Insurance Company (NGL) is an insurance company headquartered in Madison, Wis. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as long term care, vision, dental and hospital indemnity insurance products. Information about NGL can be found at www.nglic.com; Facebook: Facebook.com/NGLIC and LinkedIn: https://www.linkedin.com/company/national-guardian-life-insurance-company.

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