Northwestern Mutual announced a $4.5 billion dividend to policyholders last week. The lion’s share of the dividend payment is reinvested into individual life insurance policies held by the company’s policy holders.
The company ended 2008 with a $13.4 billion surplus and asset valuation reserve.
“Northwestern Mutual entered 2008 with a near-record level of surplus, which enabled us to withstand the tough economic and investment climate that all companies faced,” said Edward Zore, president and CEO. “As the difficult market conditions continue, our strong capital base and distinctive business model position us to weather the volatility. We have no debt on our balance sheet, and our dividend payout reflects our continuing commitment to financial security and long-term value for our policyholders.”
For a previous in-depth look at Northwestern Mutual’s investment strategy by BizTimes Milwaukee, click here.
