1. THe NorTHwesTerN MuTual life iNsuraNce coMpaNy (NorTHwesTerN MuTual)
Northwestern Mutual:
A Company for All Seasons
Because owning life insurance is an important long-term commitment, selecting the company that stands behind the policy is an important choice. That company must
perform whether the economy grows or recedes. Mutual insurance companies have performed particularly well during the economic environment of the last few years.
However, even among the mutuals Northwestern Mutual stands out.
“Northwestern Mutual is a company for all seasons ... whether the future brings a robust recovery, a repeat of the recent financial crisis,
or something in between, Northwestern Mutual has proven it is well-positioned to thrive in all environments.”
– John Schlifske, Northwestern Mutual CEO
Financial Strength and Performance Superior Policyowner Value2
Actual 20-Year Results for a Whole Life Policy
2007 2008 2009 2007–2009 Track record issued to a male, age 45 (1989 – 2009)
1
Northwestern Aaa Rating (Highest) Aaa Rating (Highest) Aaa Rating (Highest) Highest Ratings – Stable Cash Value: $208K
Mutual Net Income: $1.0 Billion Net Income: $501 Million Net Income: $338 Million Net Income: $1.8 Billion 3
4
Cash Value Return: 5.26%
Dividends Paid: $5.0 Billion Dividends Paid: $4.5 Billion Dividends Paid: $4.7 Billion Dividends Paid: $14.2 Billion
1
Guardian Aa2 Rating (3rd Highest) Aa2 Rating (3rd Highest) Aa2 Rating (3rd Highest) 3rd Highest Rating – Stable Cash Value: $158K
3
Net Income: $292 Million Net Income: $437 Million Net Income: $28 Million Net Income: $757 Million Cash Value Return: 3.79%
4
Dividends Paid: $651 Million Dividends Paid: $714 Million Dividends Paid: $708 Million Dividends Paid: $2.1 Billion
1
MassMutual Aa1 Rating (2nd Highest) Aa1 Rating (2nd Highest) Aa2 Rating (3rd Highest) Downgraded, Nov. 2009 Cash Value: $144K
3
Net Income: $140 Million Net Loss: –$993 Million Net Loss: –$289 Million Net Loss: –$1.1 Billion Cash Value Return: 3.87%
4
Dividends Paid: $1.4 Billion Dividends Paid: $1.3 Billion Dividends Paid: $1.2 Billion Dividends Paid: $3.9 Billion
New York Life Aaa Rating (Highest) Aaa Rating (Highest) Aaa Rating (Highest) Highest Ratings – Negative Cash Value: $152K
1 3
Net Income: $856 Million Net Loss: –$564 Million Negative Outlook, March 2009 Outlook, March 2009 – July 2010 Cash Value Return: 4.34%
Dividends Paid: $1.6 Billion Dividends Paid: $1.4 Billion Net Income: $455 Million Net Income: $747 Million
4
Dividends Paid: $1.3 Billion Dividends Paid: $4.4 Billion
1financialstrength ratings, stable and negative outlook reported by produce the respective value or benefit. a higher irr is, of course, more financial data for the four companies (Guardian life insurance company
Moody’s. as shown by Moody’s assessment of Mass Mutual and favorable. source: full Disclosure 2009 whole life edition by Blease of america, Massachusetts Mutual life insurance company, New york
New york life, third-party ratings and outlooks are subject to change. research. The returns quoted for all companies do not take into account life insurance company and The Northwestern Mutual life insurance
Northwestern Mutual is the only company to receive the highest ratings the time value of money. company) was taken from statutory financial statements published by
and have a stable outlook throughout the period cited. sNl financial.
4Dividends are limited to ordinary and group life insurance; they do not
2policyresults are based on $250,000 whole life policies issued in 1989 include dividends that may have been paid by subsidiaries. Dividends
to 45 year old males (best underwriting class). cash Value internal rates are determined annually, are subject to change and are not guaranteed.
of return (irrs)3 are based on actual dividends, used to purchase paid- Northwestern Mutual has paid a dividend every year since 1872.
up additions. The irr is the level annual return needed on premium to
71-0160 (1210)