Fitch Affirms Northwestern Mutual’s AAA Rating, The Highest Possible Rating
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With this latest affirmation, the company continues to hold the highest financial strength ratings awarded to any life insurer by all four of the major credit rating agencies.
"Northwestern's business concentration in the sale of traditional cash value life insurance through a strong career distribution system gives the company very favorable credit characteristics (e.g., long-duration liabilities, limited guarantees, predictable earnings performance) that enhance NM's risk profile and earnings," the rating agency said in its
The agency also highlighted Northwestern Mutual's strong balance sheet. "Total adjusted statutory capital increased
Well positioned for environment
While all insurers have been affected by low interest rates, Fitch noted that Northwestern Mutual is well positioned for the environment.
"Fitch also believes Northwestern's stable, long-duration participating liabilities, very strong statutory capital position and flexibility in adjusting policyowner dividend rates provide cushion to withstand the current interest rate environment and unexpected losses in its investment portfolio."
If Fitch were to downgrade
About Northwestern Mutual
Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with
Northwestern Mutual is the marketing name for
Current ratings for
SOURCE Northwestern Mutual