Northwestern Mutual Life Insurance Receives Honor
Northwestern Mutual has been named the "World's Most Admired Company" in the life insurance industry for 2011. This award comes from the well respected annual survey completed by FORTUNE Magazine voted upon by executives, directors, and financial analysts around the world.
Northwestern Mutual led in the life insurance industry on seven of the categories which included financial soundness, long-term investment, social responsibility, people management, use of corporate assets, quality of products & services, and quality of management.
In 2010, according to the article on InsuranceNewsNet's website, Northwestern Mutual set records in risk product sales. Life insurance premiums increased 23%, disability insurance premiums increased 5%, long term care premiums went up 32%, and sales of investment products and services increased 10%. These impressive numbers helped them to lead the industry in dividends paid at $4.9 billion.
Northwestern Mutual also is one of the only insurers to maintain the best financial strength ratings from the country's four major rating agencies which include Fitch, Standard & Poor's, AM Best, and Moody's. The life insurance company has helped customers find financial security for over 154 years and they continue to maintain the outstanding reputation they've worked so hard to achieve over the years.