
Our Commitment to Financial Strength
Trust starts with financial strength
We're among the strongest.
More people are putting their trust in Northwestern Mutual—which is the ultimate measure of success. Our continued superior financial strength means you can count on us to be here for you whenever you need us. We yet again earned the highest available financial strength ratings awarded to any U.S. life insurer with a stable outlook by all of the four major rating agencies—and we are also one of the financially strongest companies in America in any industry.
See 2021 Annual Report

Trust is the foundation of all successful financial relationships. You need the confidence that we know what we're doing, will honor our commitments, and make you—our client—our highest priority. To do all this all the time—without cutting corners or being distracted by financial pressures—means having the resources that only come with financial strength.
We're established.
Northwestern Mutual was named one of the "World's Most Admired Companies" in its industry according to FORTUNE magazine's annual survey, published February 2022. Additionally, the FORTUNE 500 ranking is among the most recognized measure of financial success. Being #90 in 2021 affirms that Northwestern Mutual is among America's premier companies.


In 2022, Northwestern Mutual was once again named one of the "World's Most Admired Companies" according to FORTUNE magazine's annual survey. We secured the number one ranking for the financial soundness, quality of products/services and use of corporate assets, and ranked highly in the people management, quality of management and long-term investment value categories.
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A++
A.M.
Best Rating
Analysis ReportThe ratings reflect Northwestern Mutual's balance sheet strength, which A.M. Best categorizes as strongest, as well as its very strong operating performance, very favorable business profile and very strong enterprise risk management.
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AAA
Fitch
Ratings Rating
Analysis Report"Key competitive advantages include a successful distribution system, large and stable block of traditional life insurance, and low expense structure relative to peers."
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Aaa
Moody's
Investors Service Rating
Analysis ReportThe ratings reflect "the company's exceptional business and financial profile, supported by its leading position and strong life insurance franchise in its core market with a significant focus on participating whole life insurance. In addition, the company has a very productive distribution network, strong operating fundamentals reflected by its excellent persistency, and a robust and resilient balance sheet characterized by consistent investment performance and solid capital adequacy."
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AA+
S&P Global
Ratings Rating
Analysis ReportWe view Northwestern's management team, led by CEO John Schlifske, and its strategy positively. Management is well seasoned with a strategy that emphasizes long-term stability and strength, and a commitment to mutuality and policyholders. It has shown consistent commitment to its core individual life insurance products and distribution.
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Our results
Read more about our investment strategies and how they support our promises to clients.
Annual Statements
Want to see how well we're doing? Take a look at our latest results:
2021 Audited Financial Statements
2021 Statutory Annual Statement for Northwestern Mutual Life Insurance Company
2021 Statutory Annual Statement for Northwestern Long Term Care Insurance Company
Quarterly Statements
2022 Statutory Quarterly Statements for Northwestern Mutual Life Insurance Company
First Quarter
Download the First Quarter Summary of Financial Results Download the First Quarter Statutory Statement2021 Statutory Quarterly Statements for Northwestern Mutual Life Insurance Company
Third Quarter
Download the Third Quarter Summary of Financial Results Download the Third Quarter Statutory Statement
Second Quarter
Download the Second Quarter Summary of Financial Results Download the Second Quarter Statutory Statement
2022 Statutory Quarterly Statements for Northwestern Long Term Care Insurance Company
First Quarter
Download the First Quarter Statutory Statement2021 Statutory Quarterly Statements for Northwestern Long Term Care Insurance Company
Third Quarter
Download the Third Quarter Statutory StatementSecond Quarter
Download the Second Quarter Statutory Statement
Backing our strength—Northwestern Mutual's investment portfolio
Northwestern Mutual invests the majority of its assets through the General Account, the company's $260 billion+ portfolio. The portfolio has grown consistently year after year. By buying life insurance, disability insurance and deferred annuities, clients immediately gain the opportunity to share in the company's favorable results.

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Want to know more? Download a comprehensive listing of Northwestern Mutual Life Insurance Company's investment holdings as of December 31, 2021.
Schedule A (Parts 1–3) – Real Estate
Schedule B (Parts 1–3) – Mortgage Loans
Schedule BA (Parts 1–3) – Other Long-Term Invested Assets
Schedule D (Part 1) – Long-Term Bonds
Schedule D (Part 2) – Stocks
Schedule D (Part 3) – Long-Term Bonds and Stocks Acquired During Current Year (2021)
Schedule D (Part 4) – Long-Term Bonds and Stocks Sold, Redeemed or Otherwise Disposed of During Current Year (2021)
Schedule D (Part 5) – Long-Term Bonds and Stocks Acquired and Disposed of During Current Year (2021)
Schedule D (Part 6) – Shares of Subsidiary, Controlled or Affiliated Companies
Schedule DA (Part 1) – Short-Term Investments
Schedule DB (Part A) – Options, Caps, Floors, Collars, Swaps and Forwards Open as of 12/31/21
Schedule DB (Part B) – Future Contracts Open as of 12/31/21
Schedule DB (Part D) – Counterparty Exposure of Derivative Instruments Open as of 12/31/21
Schedule DB (Part E) – Derivatives Hedging Variable Annuity Guarantees as of 12/31/21
Schedule DL (Parts 1 & 2) – Reinvested Collateral Assets
Schedule E (Parts 1–3) – Cash
We put clients first.
"We succeed when you succeed." For more than 160 years, we've been an industry leader by holding true to this simple principle. By managing our business effectively and acting in the best Long-Term interest of our clients, we're able to offer excellent product value and service for a lifetime of financial security.