Two Big Mutuals Post 2019 Dividend Estimates
November 10, 2018 by Allison Bell
Two big U.S. mutual life insurers are taking a cautious approach to 2019 policy dividend projections.
Northwestern Mutual says it will increase its dividend rate slightly, to 5%, from 4.9% for 2018. The company expects total dividend payments to increase to $5.6 billion for 2019, from $5.3 billion for this year.
Massachusetts Mutual Life Insurance Company says it will hold its dividend rate at 6.4%. MassMutual expects its total dividend payments to increase to $1.72 billion, from $1.6 billion.
A mutual life insurer is a life insurance company that is owned by some or all of the company’s policyholders, rather than by stockholders, partners in a partnership, or sole proprietors.
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