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CUSTOM REPRINT                    MARCH 21, 2011




      World’s
       Most
      Admired
       Companies
        Northwestern Mutual
Ranked No. 1 Insurance: Life and Health
EXCERPT

                                                            The World’s
                                        Most
                                       Admired
                                               Companies
                                                  H           H          H          H          H           H
                                               HoW We ConduCt tHe survey
     The Most Admired list is the definitive report card on corporate              listed in the magazine: A company's score must rank in the top half of its
  reputations. Our survey partners at Hay Group started with approxi-              industry survey. Online, all companies' results are displayed.
  mately 1,400 companies: the Fortune 1,000 — the 1,000 largest U.S.                   To arrive at the top 50 Most Admired Companies overall, the Hay
  companies ranked by revenue; non-U.S. companies in Fortune's Global              Group asked 4,100 executives, directors, and securities analysts who
  500 database with revenue of $10 billion or more; and the top foreign            had responded to the industry surveys to select the 10 companies they
  companies operating in the U.S.                                                  admired most. They chose from a list made up of the companies that
     They then sorted the companies by industry and selected the 15                ranked in the top 25% in last year's surveys, plus those that finished
  largest for each international industry and the 10 largest for each U.S.         in the top 20% of their industry. Anyone could vote for any company in
  industry. A total of 673 companies from 32 countries were surveyed.              any industry. The difference in the voting rolls is why some results can
  To create the 57 industry lists, Hay asked executives, directors, and            seem anomalous — for example, although FedEx is one of the top 10
  analysts to rate companies in their own industry on nine criteria, from          Most Admired Companies, it is second in the Delivery industry behind
  investment value to social responsibility. This year only the best are           top-ranked UPS, which ranked 30th on the top 50 overall.




      NiNE kEy aTTRibuTEs of REPuTaTioN                                                iNdusTRy: insurance: Life and Health
      To arrive at each company's score on the                                         Most Admired
      industry rankings, we averaged the scores of                                     Rank        Company
      these nine criteria:
                                                                                       1           Northwestern Mutual
      Financial soundness                                            1                 2           Prudential Financial
      Quality of products/services                                   1                 3           Aflac
      Long-term investment                                           1                 4           MetLife
      use of corporate assets                                        1                 5           new york Life Insurance
      Quality of management                                          1                 6           Massachusetts
      People management                                              1                             Mutual Life Insurance
      social responsibility                                          1                 7           AXA
      Innovation                                                     4                 8           Manulife Financial
      Global competitiveness                                         14                9           tIAA-CreF
                                                                                       From the March 21, 2011 issue and Fortune.com.



(#22474) FORTUNE is a registered trademark of Time Inc. © 2011 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of,
          the Licensee of this reprint. For more information about reprints from FORTUNE, please contact PARS International Corp. at 212-221-9595 x437.

                                                      Northwestern Mutual Life Insurance Co., Milwaukee, WI




                                                                                                                                                                      53-0176

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World\'s Most Admired

  • 1. CUSTOM REPRINT MARCH 21, 2011 World’s Most Admired Companies Northwestern Mutual Ranked No. 1 Insurance: Life and Health
  • 2. EXCERPT The World’s Most Admired Companies H H H H H H HoW We ConduCt tHe survey The Most Admired list is the definitive report card on corporate listed in the magazine: A company's score must rank in the top half of its reputations. Our survey partners at Hay Group started with approxi- industry survey. Online, all companies' results are displayed. mately 1,400 companies: the Fortune 1,000 — the 1,000 largest U.S. To arrive at the top 50 Most Admired Companies overall, the Hay companies ranked by revenue; non-U.S. companies in Fortune's Global Group asked 4,100 executives, directors, and securities analysts who 500 database with revenue of $10 billion or more; and the top foreign had responded to the industry surveys to select the 10 companies they companies operating in the U.S. admired most. They chose from a list made up of the companies that They then sorted the companies by industry and selected the 15 ranked in the top 25% in last year's surveys, plus those that finished largest for each international industry and the 10 largest for each U.S. in the top 20% of their industry. Anyone could vote for any company in industry. A total of 673 companies from 32 countries were surveyed. any industry. The difference in the voting rolls is why some results can To create the 57 industry lists, Hay asked executives, directors, and seem anomalous — for example, although FedEx is one of the top 10 analysts to rate companies in their own industry on nine criteria, from Most Admired Companies, it is second in the Delivery industry behind investment value to social responsibility. This year only the best are top-ranked UPS, which ranked 30th on the top 50 overall. NiNE kEy aTTRibuTEs of REPuTaTioN iNdusTRy: insurance: Life and Health To arrive at each company's score on the Most Admired industry rankings, we averaged the scores of Rank Company these nine criteria: 1 Northwestern Mutual Financial soundness 1 2 Prudential Financial Quality of products/services 1 3 Aflac Long-term investment 1 4 MetLife use of corporate assets 1 5 new york Life Insurance Quality of management 1 6 Massachusetts People management 1 Mutual Life Insurance social responsibility 1 7 AXA Innovation 4 8 Manulife Financial Global competitiveness 14 9 tIAA-CreF From the March 21, 2011 issue and Fortune.com. (#22474) FORTUNE is a registered trademark of Time Inc. © 2011 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, the Licensee of this reprint. For more information about reprints from FORTUNE, please contact PARS International Corp. at 212-221-9595 x437. Northwestern Mutual Life Insurance Co., Milwaukee, WI 53-0176