Northwestern Mutual to pay record-setting dividend to policyholders

Northwestern Mutual to pay record-setting dividend to policyholders | Insurance coverage Enterprise America

Firm has paid a dividend yearly since 1872

Northwestern Mutual to pay record-setting dividend to policyholders

Insurance coverage Information

Ryan Smith

Northwestern Mutual has introduced that it’s going to as soon as once more award its policyholders an annual dividend – anticipated to succeed in a record-setting complete of $7.3 billion in 2024.

Northwestern Mutual has paid its policyholders a dividend yearly since 1872. The corporate has paid out greater than $150 billion in dividends in that point.

The projected 2024 payout will embrace the best quantities within the firm’s historical past for holders of complete life insurance policies ($6.1 billion), incapacity insurance coverage ($550 million) and annuities ($240 million), the corporate stated.

“Our distinctive monetary energy and superior product worth are hallmarks of our firm, differentiating Northwestern Mutual within the market and deepening belief with all these we proudly serve,” stated John Schlifske, chairman, president and CEO of Northwestern Mutual. “Subsequent yr’s historic dividend demonstrates one once more our unflinching give attention to returning worth to policyholders and guiding their journey towards better monetary safety.”

The 4 main rankings providers – AM Greatest, S&P World, Fitch Scores and Moody’s – have given Northwestern Mutual the best monetary energy rankings afforded to any US insurer, the corporate stated. Northwestern Mutual is considered one of solely 5 firms throughout all industries to be so acknowledged by Moody’s.

“Northwestern Mutual stays dedicated to paying the best degree of dividends over time whereas retaining our actually distinctive monetary energy,” Schlifske stated. “Amidst persevering with financial and market volatility, we’re accelerating our path ahead, delivering for our policyowners at this time whereas guaranteeing our relevance for generations to come back.”

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