Northwestern Mutual Expects Record-Breaking $7.3B Dividend Payout in 2024
October 2, 2023 by Northwestern Mutual
After a decade of unprecedented market volatility, ongoing inflation, and other economic pressures on financial institutions, Northwestern Mutual is proud to share that we expect a record-setting dividend payout of $7.3 billion in 2024.
Our philosophy has always been to share our success with policyowners by paying the highest possible dividends over time while maintaining our financial strength. In fact, this is the 33rd consecutive year that Northwestern Mutual has earned the highest financial strength ratings awarded to any U.S. life insurance or financial services company from each of the four major agencies—Fitch Ratings, Moody’s, Standard & Poor and A.M. Best.
Click HERE to read the full story at Northwestern Mutual.
Wink’s Moore on the Market: Just a friendly PSA that having a “record breaking…dividend payout” does not mean your dividend rate broke records.
The first sentence in this release appears as if it is intended to convince you otherwise, however.
“After a decade of unprecedented market volatility, ongoing inflation, and other economic pressures on financial institutions, Northwestern Mutual is proud to share that we expect a record-setting dividend payout of $7.3 billion in 2024.”
The record being broken here is the total amount of dividends paid on Northwestern Mutual‘s inforce block of participating products.
It is a record because they have more policies on the books, than they have before.
Market research at it’s finest! -sjm
