MILWAUKEE, Aug. 12, 2015 /PRNewswire/ -- Moody's Investors Service has affirmed the Aaa financial strength rating of Northwestern Mutual and Northwestern Long Term Care Insurance Company. Aaa is the highest possible rating from Moody's, an indication of Northwestern Mutual's strong financial position and ability to meet policyowner commitments.
"The affirmation of Northwestern Mutual Life's Aaa insurance financial strength rating reflects its exceptional intrinsic strengths – including leading position and strong franchise in its core market – including a significant focus on participating whole life insurance, excellent distribution channel, strong underwriting skills as shown by excellent persistency and mortality experience, and a robust and resilient balance sheet," Moody's said in its news release, adding that the company's mutual structure aligns well with policyowner interests.
Moody's also highlighted Northwestern Mutual's excellent capitalization and expense management and described its financial professionals as "sophisticated, well-trained and productive."
Industry's best ratings
With this latest affirmation, Northwestern Mutual continues to have the highest financial strength ratings awarded to any life insurer by all four of the major rating agencies: A.M. Best Company, A++ (highest), May 2015; Fitch Ratings, AAA (highest), June 2015; Moody's Investors Service, Aaa (highest), August 2015; and Standard & Poor's, AA+ (second highest), May 2015. Ratings are subject to change.
For more information, see the Our Commitment to Financial Strength page on northwesternmutual.com.
About Northwestern Mutual
Northwestern Mutual has been helping families and businesses achieve financial security for nearly 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With $230 billion in assets, $27 billion in revenues, nearly $90 billion in assets under management in our investment products and services, and more than $1.5 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to 4.3 million people who rely on us for insurance and investment solutions, including life, disability income and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services. Northwestern Mutual is recognized by FORTUNE magazine as one of the "World's Most Admired" life insurance companies in 2015.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company.
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SOURCE Northwestern Mutual