Firm has paid a dividend yearly since 1872
Insurance coverage Information
By
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 whole 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 embody 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 mentioned.
“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,” mentioned 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 higher monetary safety.”
The 4 main scores providers – AM Finest, S&P International, Fitch Scores and Moody’s – have given Northwestern Mutual the best monetary energy scores afforded to any US insurer, the corporate mentioned. Northwestern Mutual is one in every of solely 5 corporations throughout all industries to be so acknowledged by Moody’s.
“Northwestern Mutual stays dedicated to paying the best stage of dividends over time whereas retaining our actually distinctive monetary energy,” Schlifske mentioned. “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 return.”
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