MILWAUKEE, April 15, 2010 — Northwestern Mutual, the industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners, ranks 115th on the 2010 FORTUNE 500 list, up three positions from last year.
“It’s a testament to our strength, consistency and longevity to move up on the FORTUNE 500 list, but our desire is to be the best financial security company, not the biggest,” said Edward J. Zore, Northwestern Mutual chairman and chief executive officer. “We are very pleased to be known for the strength of our business and the long-term value of our products, because we know how important that is to our policyowners.”
The annual FORTUNE 500 list ranks all U.S. companies by revenue. The full list will appear in FORTUNE, available on newsstands Monday, April 19.
Northwestern Mutual is one of only a few companies in the financial services industry to hold the distinction of receiving the best available insurance financial strength ratings from all four major rating agencies (A.M. Best, A++, March 2010), (Moody’s, Aaa, March 2010, Standard & Poor’s, AAA, March 2010), (Fitch, AAA, June 2009). Financial ratings are subject to change.
Northwestern Mutual has paid life insurance dividends every year since 1872. Dividends are not guaranteed, are reviewed annually and are subject to change.
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company – Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with $1.2 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments.
Jean Towell, firstname.lastname@example.org, (800) 323-7033