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Home > BizTimes Daily > Archives > September 4, 2008
Northwestern Mutual continues growth ahead of industry curve
Published September 4, 2008 - BizTimes Daily
Milwaukee-based Northwestern Mutual Life Insurance Co. oversees more than 10 percent of the total U.S. direct life insurance market, based on the most recent data from A.M. Best.
The latest data reaffirms Northwestern Mutual's No. 1 rank in U.S. individual life insurance market share, a position the financial security company has held since 2000.
Significantly outpacing the industry year-over-year, Northwestern Mutual increased its total U.S. direct life insurance premium by 9.0 percent from first quarter 2007 to the first quarter 2008, compared with the overall industry average of 0.9 percent.
"We have close to 3.5 million policyowners and take great pride in helping each of them with their financial security planning," said Edward Zore, Northwestern Mutual president and chief executive officer. "In uncertain economic times, life insurance is a flexible financial asset that can provide protection, cash value and confidence for Americans as they take control of their financial future. Regardless of one's life stage, life insurance is the foundation of any sound financial security plan."
Northwestern Mutual has always received the best possible insurance financial strength ratings from Standard & Poor's, Fitch Ratings, Moody's and A.M. Best, which affirmed the company's A++ rating in March 2008.
Northwestern Mutual expects to provide $5 billion in dividends to policyowners in 2008.
