HomeInsuranceNorthwestern Mutual to pay record-setting dividend to policyholders

Northwestern Mutual to pay record-setting dividend to policyholders




Northwestern Mutual to pay record-setting dividend to policyholders | Insurance coverage Industry The united states















Corporate has paid a dividend annually since 1872

Northwestern Mutual to pay record-setting dividend to policyholders


Insurance coverage Information

Through
Ryan Smith

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

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

The projected 2024 payout will come with the absolute best quantities within the corporate’s historical past for holders of entire existence insurance policies ($6.1 billion), incapacity insurance coverage ($550 million) and annuities ($240 million), the corporate mentioned.

“Our remarkable monetary power and awesome product worth are hallmarks of our corporate, differentiating Northwestern Mutual available on the market and deepening accept as true with with all the ones we proudly serve,” mentioned John Schlifske, chairman, president and CEO of Northwestern Mutual. “Subsequent 12 months’s historical dividend demonstrates one once more our unflinching center of attention on returning worth to policyholders and guiding their adventure towards higher monetary safety.”

The 4 main scores services and products – AM Best possible, S&P International, Fitch Rankings and Moody’s – have given Northwestern Mutual the absolute best monetary power scores afforded to any US insurer, the corporate mentioned. Northwestern Mutual is considered one of most effective 5 corporations throughout all industries to be so known by means of Moody’s.

“Northwestern Mutual stays dedicated to paying the absolute best stage of dividends through the years whilst holding our in reality remarkable monetary power,” Schlifske mentioned. “Amidst proceeding financial and marketplace volatility, we’re accelerating our trail ahead, turning in for our policyowners these days whilst making sure our relevance for generations to come back.”

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