Northwestern Mutual


High Honors

In 2009, Northwestern had yet again-for the 26th year in a row-been named America's Most Admired insurance company by Fortune magazine.  Ranked No. 118 on 2009's Fortune 500, it has $155 billion in assets and a long, storied history.  (When 13 of its clients died in the sinking of the Titanic, Northwestern dished out a total of $500,000 for the policies-more than any other insurer.)  Even today, Northwestern pays out more in total individual life insurance dividends than any other company in its industry.

There's more to life than insurance

Best known as one of the oldest insurance companies in the United States, Northwestern Mutual (aka "The Quiet Company") is also the largest direct provider of individual life insurance in the country.  Founded in 1857 by New Yorker John Johnston, the company moved to its headquarters to Wisconsin Avenue in 1910 and has been there ever since.

In addition to life insurance, Northwestern provides a variety of investment products and services.  The company offers individual and institutional investment management through its Northwestern Mutual Investment Services (NMIS) subsidiary.  Its subsidiary, Russell Investments, provides investment management and advisory services, and Northwestern Mutual Wealth Management Company provides financial planning, investment management and trust services.  Long-term care insurance is offered through another subsidiary, Northwestern Long Term Care Insurance Company.

Financial firsts

In February 2007, Northwestern Mutual announced that it had reached $1 trillion of individual life insurance protection-a first in the industry.  The company hit its milestone in January after adding more than $100 billion of coverage in 2006.  "It's interesting that it's coming at a time when we are going to celebrate our 150th anniversary, and comes right on top of probably the greatest year we've ever had when you look at all the metrics of the company," President and CEO Ed Zore told the Journal-Sentinel.  The anniversary year seemed to be a good omen for the company.  In October 2007, it reached another milestone: its wealth management division, founded in 2001, reached $10 billion in assets under management.

Accolades all around

In 2009, Northwestern Mutual upheld the top ratings in insurance strength from the rating agencies Standard & Poor's, Fitch Ratings, A.M. Best and Moody's.  In February 2009, the University of Michigan revealed that Northwestern won the highest customer satisfaction score for life insurers in the college's American Customer Satisfaction Index for the sixth consecutive year.

Northwestern Mutual's financials looked good, too.  In 2008, the company's revenue rose to $21.9 billion, an increase from $21.3 billion in 2007, but net income drastically dropped to $483 million from $1 billion.

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Northwestern Mutual

720 East Wisconsin Avenue
Milwaukee, WI 53202-4797
Phone: (414) 271-1444
Fax: (414) 665-9702


  • Employer Type: Private
  • President and CEO: Edward J. Zore

Major Office Locations

  • Milwaukee, WI

Key Financials

  • 2008 Revenue: $21,923 million

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