Northwestern Mutual’s financial strength has received the highest possible rating from both Fitch Ratings and S&P Global Ratings, the company has announced. Fitch affirmed Northwestern Mutual’s AAA rating, while S&P Global affirmed the insurer’s AA+ rating.

S&P Global said that Northwestern Mutual has an “extremely strong competitive position that stems from its national presence and top market position as one of the leading providers” of individual permanent life insurance. Fitch, meanwhile, said that the company had an “exceptionally strong capitalization.”

“The affirmation of our ratings shows that the long-term commitment of Northwestern Mutual to help its clients achieve financial security remains sound,” said Todd Jones, Northwestern Mutual vice president and controller. “Our financial performance and core operating fundamentals continue to demonstrate how we are best positioned to meet our commitments to our clients.”

With the ratings affirmations of Fitch and S&P Global, Northwestern Mutual continues to have the highest financial strength ratings awarded to any US life insurer by the four major rating agencies.