Northwestern Mutual to pay record dividend to policyholders

Northwestern Mutual to pay record dividend to policyholders | Insurance Business America

Northwestern Mutual to pay record dividend to policyholders

Northwestern Mutual has announced that its policyholders will receive an estimated $6.5 billion in dividends next year. The 2022 dividend payout is the largest ever, and will mark 150 consecutive years of Northwestern Mutual awarding a dividend.

“Some may find it extraordinary that we’re paying policyowners the largest-ever, industry-leading dividend even in the face of the challenges of the past 18 months and the continued economic uncertainty ahead,” said John Schlifske, chairman, president and CEO of Northwestern Mutual. “It’s a reflection of the strength of Northwestern Mutual and a key reason why our policyowners choose to stay with us year after year.

“We always have been and will continue to remain unwavering in our commitment to financial strength and mutual values. We are thrilled to be sharing our success with our policyowners and providing them with value, options and flexibility to help them achieve greater financial security.”

In addition to the record dividend payment, the company has achieved several other successes this year, including:

  • A record number of new clients.
  • More than $1 billion in new life insurance sales, meaning Northwestern Mutual now provides more than $2.1 trillion in protection for more than 4 million people.
  • A combined $500 billion invested through company and client assets.
  • A growing number of financial professionals nationwide, now representing the largest field force in the company’s history.

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“Economic ups and downs are inevitable, so we plan for them,” Schlifske said. “Since the pandemic started, our third-party rating reviews have shown that we continue to be not only the strongest company in our industry, but one of the strongest companies across all industries. It is this financial strength that ensures we stand ready to serve clients both today and tomorrow. And ultimately, this means helping them build financial security for generations to come while living the life they want today.”