Northwestern Mutual To Pay Over $5B In Dividends
By Paul Gores, Milwaukee Journal Sentinel | |
McClatchy-Tribune Information Services |
Including life, disability income and long-term care, policies purchased were up 13% over 2011, the
The company said it plans to pay policy owners more than
Northwestern Mutual's total surplus -- a sign of its financial strength -- increased by more than
"In this low interest rate environment, it's something to both pay record dividends and add to our capital base," Schlifske said. "Still, we aren't immune from what's happening around us. We've had to be disciplined in our product decisions, adjust risk levels in our investment portfolio and make tough decisions related to long-term expenses."
Overall premium revenue, including both new and renewal premium, was
Among other highlights:
Net investment income of
Annuity sales increased 11% to a record
The total surplus, which is a cushion for the unexpected that is held in addition to the reserves set aside to provide for future insurance benefits, reached
The company set a recruiting record, bringing in 5,000 full-time financial representatives and rep interns into its system.
Northwestern Mutual paid
Net income was
"We were able to both things again this year. We were able to provide for a little over
___
(c)2013 the Milwaukee Journal Sentinel
Visit the Milwaukee Journal Sentinel at www.jsonline.com
Distributed by MCT Information Services
Wordcount: | 422 |
Average Health Insurer Rejects More Than 1 In 5 Apps
Aetna Expands Its Retail Sales Through Costco
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News