Firm has paid a dividend yearly since 1872
Northwestern Mutual has introduced that it’ll as soon as once more award its policyholders an annual dividend – anticipated to achieve 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 very best quantities within the firm’s historical past for holders of entire life insurance policies ($6.1 billion), incapacity insurance coverage ($550 million) and annuities ($240 million), the corporate mentioned.
“Our distinctive monetary power 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 12 months’s historic dividend demonstrates one once more our unflinching concentrate on returning worth to policyholders and guiding their journey towards higher monetary safety.”
The 4 main scores companies – AM Finest, S&P International, Fitch Scores and Moody’s – have given Northwestern Mutual the very best monetary power scores afforded to any US insurer, the corporate mentioned. Northwestern Mutual is considered one of solely 5 corporations throughout all industries to be so acknowledged by Moody’s.
“Northwestern Mutual stays dedicated to paying the very best stage of dividends over time whereas retaining our actually distinctive monetary power,” Schlifske mentioned. “Amidst persevering with financial and market volatility, we’re accelerating our path ahead, delivering for our policyowners at the moment whereas making certain our relevance for generations to come back.”
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