Northwestern Mutual to Deliver Record-Breaking $6.8 Billion in Dividends to Policyowners
Northwestern Mutual will once again break its own industry-leading dividend payout record with an expected $6.8 billion to be delivered to its policyowners in 2023. The company has paid a dividend every year for more than 150 years, totaling over $150 billion.
Annual life insurance payout is close to triple the size of its nearest competitor
MILWAUKEE, Oct. 26, 2022 /PRNewswire/ -- Northwestern Mutual will once again break its own industry-leading dividend payout record with an expected $6.8 billion to be delivered to its policyowners in 2023. The company has paid a dividend every year for more than 150 years, totaling over $150 billion.
The 2023 dividend is expected to be the highest in company history across four of Northwestern Mutual's product areas: whole life insurance, term insurance, disability income insurance and annuities. The record-setting life insurance payout is close to triple Northwestern Mutual's nearest competitor.
"Our annual dividend is a demonstration of the company's superior financial strength, strong investment performance, disciplined underwriting and sound financial management, which enables us to deliver exceptional value to our policyowners while ensuring we can keep our promises to them," said John Schlifske, chairman, president, and chief executive officer at Northwestern Mutual. "We are incredibly proud that our products continue to play a critical role in helping people protect and grow their wealth, and that we are able to consistently share the company's success with our policyowners – generation after generation."
