Northwestern Mutual expects biggest dividend payout in company history
November 7, 2018 by Sari Lesk
Northwestern Mutual expects to pay about $5.6 billion in dividends for 2019, an uptick from the 2018 dividend payout of $5.3 billion.
The life insurance and financial services provider, which is based in Milwaukee, says the 2019 payout is expected to be the highest in company history. The 2017 dividend payout was $5.2 billion.
Northwestern Mutual chief executive officer John Schlifske said in a news release announcing the payout that the results demonstrate a consistent performance by his company.
“Staying focused on business fundamentals – sound underwriting, disciplined expense management and investment performance – is core to our financial strength in all economic seasons,” he said.
Policy owners who hold whole life insurance, disability insurance and some annuity products are eligible for dividends, the release says.
Northwestern Mutual predicts the 2019 payout will lead the industry. The firm says it is the industry leader in total dividends paid to policy owners for both life and disability income insurance. The company has paid a dividend every year since 1872.