Global rating agency AM Best has reaffirmed Northwestern Mutual’s financial strength rating of A++ (superior) – the highest possible rating from the agency. The AM Best report detailed several reasons for the insurer’s continued superior financial strength, including its strong balance sheet and its very strong operating performance and enterprise risk management.
“Our financial strength ratings are an important third-party validation that we’re constantly managing the company with our clients’ needs front and center,” said Todd Jones, vice president and controller for Northwestern Mutual. “Our strong operating performance provides exceptional product value, and our unsurpassed financial strength is the bedrock on which clients’ individual financial security plans are built. This latest rating underscores our ability to honor our commitments now and for decades to come.”
Strong brand recognition and a leading market position in whole life insurance contributed to Northwestern Mutual’s favorable business profile, the company said. AM Best also highlighted contributions from the company’s financial advisors and its recruiting program, which results in “a consistent flow of younger talent” to Northwestern Mutual’s agency system.