On the heels of its 150th birthday, Northwestern Mutual has received some more great news - as it has again been named "America's Most Admired" life/health insurer in FORTUNE's annual survey. Northwestern Mutual is the only company to lead its industry every year it has been included in the FORTUNE survey of industry professionals and analysts - 24 years and counting.
Northwestern Mutual, founded in 1857, just celebrated its 150th anniversary on March 2. All "America's Most Admired" industry rankings are featured in FORTUNE magazine's March 19 edition, available on newsstands March 5.
"We are very pleased to receive this recognition from our peers. It's the highest of honors," says Edward J. Zore, President and CEO of Northwestern Mutual. "We have a lot to celebrate as a company - our 150th anniversary, surpassing the $1 trillion mark of life insurance protection, and now, being named "America's Most Admired" life insurer - quite a year so far."
Northwestern Mutual received an overall score of 7.31, which is derived from eight key attributes used to calculate a company's overall 'corporate reputation' score. Northwestern Mutual was voted first in the key attributes of: quality of management, quality of products and services, long-term investment, financial soundness, people management, social responsibility, and use of corporate assets.
There are a total of five "Most Admired" companies ranked in the life/health insurance category. In addition to Northwestern Mutual, the other life/health insurance companies ranked in the survey are AFLAC, Massachusetts Mutual Life, New York Life and Prudential.
Milwaukee-based Northwestern Mutual is one of five Wisconsin-based companies in FORTUNE'S survey to be ranked highly in their industry. Other Wisconsin companies recognized in the survey are Bemis, Johnson Controls Manpower, and WPS Resources.
Started in 1983, FORTUNE'S list of America's Most Admired Companies is an annual report card on corporate reputations graded by more than 10,000 business executives and analysts from the nearly 600 largest companies in some 60 industries who rate others in their industry on eight key attributes. The Northwestern Mutual Life Insurance Company, Milwaukee, WI (Northwestern Mutual) is the market share leader for total individual life insurance premiums of any company in the U.S. life insurance industry. Northwestern Mutual and Northwestern Long Term Care Insurance Company maintain the highest available insurance financial strength ratings from all four major rating agencies: Standard & Poor's, Fitch Ratings, A. M. Best and Moody's. In 2006, the company was recognized as one of the "50 Best Companies to Sell For," by Selling Power magazine.
The company, its subsidiaries and affiliates are providers of life insurance, long-term care insurance, disability insurance, annuities, mutual funds, and employee benefit services to the group employee and executive markets. These products and services are distributed through the representatives of the Northwestern Mutual Financial Network. Among Northwestern Mutual's affiliated companies are those that comprise the Russell Investment Group, which provide investment management and advisory services; Northwestern Mutual Investment Services, LLC (NMIS), a wholly-owned company of Northwestern Mutual, broker-dealer and member NASD and SIPC; and Northwestern Mutual Wealth Management Company, a wholly-owned company of Northwestern Mutual, limited purpose federal savings bank and a registered investment adviser which provides financial planning, investment management and trust services. A subsidiary, Northwestern Long Term Care Insurance Company, offers long-term care insurance. Further information on Northwestern Mutual can be found at: http://www.northwesternmutualnews.com/.
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, +1-800-323-7033, or
Web site: http://www.northwesternmutual.com/