Northwestern Mutual revenue reaches all-time high at $35B

March 1, 2023 by Doug Bailey

In what a top executive humorously quipped “exceptionally boring,” Northwestern Mutual again reported annual record sales, earnings, and dividends for 2022 in a year that saw many of its peers struggle to post mediocre returns.

The 166-year-old financial services company said its revenue reached an all-time high or nearly $35 billion for the year, up nearly 3% from the previous year, with permanent life insurance sales reaching $1.1 billion, also a company record. Its total surplus of more than $37 billion was also a milestone despite the largest equity declines in more than 14 years.

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Originally Posted at InsuranceNewsNet on February 22, 2023 by Doug Bailey.