Northwestern Mutual Kicks Off 2023 Dividend Announcement Season

October 31, 2022 by Allison Bell

Northwestern Mutual says it plans to push up total dividend payments to policyholders next year.

The Milwaukee-based life insurer expects to increase the dividend total to $6.8 billion in 2023, or 4.6% more than the $6.5 billion dividend payout for 2022.

The dividend interest rate used in the dividend calculations will hold steady at 5%, according to a discussion of the company’s whole life dividend-setting process.

Northwestern Mutual’s dividend payout total also increased $300 million, from $6.2 billion, between 2021 and 2022.

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Originally Posted at ThinkAdvisor on October 28, 2022 by Allison Bell.