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Northwestern Mutual Achieves Impressive 2025 Financial Milestones

Date: February 25, 2026

In a remarkable year-end financial report, Northwestern Mutual has announced that it exceeded $40 billion in total revenue for 2025, marking a historic achievement for the leading financial services company. The outstanding performance is attributed to significant growth in investment returns and strong business fundamentals that underscore the company's resilience and reliability.

Record-Breaking Revenue and Operating Gains

During 2025, Northwestern Mutual reported an operating profit surpassing $10 billion and a surplus rising by over $2 billion, which now stands at more than $42 billion. This growth comes even as the company anticipates paying nearly $1 billion in policyowner dividends in 2026, showcasing its commitment to delivering long-term value to its policy owners and reinforcing its financial stability. Tim Gerend, the company's chairman and CEO, stated, "We are proud of these record results, which demonstrate meaningful growth and reflect the strength of our business. The strong dividend payout is a testament to our ongoing commitments to policyowners."

This milestone marks the first time in the company's history that total revenue has reached such heights, establishing Northwestern Mutual as a significant player in the financial services sector. The company remains the largest direct provider of individual life insurance, with retail investment client assets exceeding $400 billion—an impressive growth of more than 20% compared to the previous year.

A Legacy of Commitment and Growth

For over 165 years, Northwestern Mutual has been at the forefront of helping individuals and businesses achieve financial security. With their comprehensive planning approach, the company combines expertise from financial professionals with advanced digital experiences, ensuring that clients are well-equipped to navigate their financial futures. The company has also maintained a rich history of returning value to its policyowners, with nearly $170 billion returned since 1872.

In celebrating these achievements, it was noted that the company had declared a record dividend payout of $9.2 billion for 2026, which reflects a substantial increase of nearly $2.4 billion over the past three years—the largest annual growth in the industry. Furthermore, this payout exceeds the total dividends paid by the company’s closest competitor in 2025, highlighting its market leadership.

Strengthening Financial Foundation

The financial strength designations from Fitch Ratings, A.M. Best, and others affirm Northwestern Mutual's dominance in the life insurance industry, securing the highest ratings awarded to any U.S. life insurance company for 35 consecutive years. Standout achievements in 2025 include:

• - Maintaining nearly $2.5 trillion in life insurance death benefits in force.
• - Managing a General Account investment portfolio exceeding $335 billion.
• - Remaining the top individual disability income insurance provider and ranking third in individual long-term care insurance.

Additionally, Northwestern Mutual introduced a new product, the Survivorship Variable Universal Life Plus policy, to further assist families and businesses in legacy protection.

The company’s dedication to client service was further evidenced by its record payouts of over $6.7 billion in claims across various insurance categories.

A Growing Network of Advisors

With more than 8,000 full-time financial advisors and over 11,500 team members, Northwestern Mutual's expansion of its advisor network continues. The company welcomed more than 3,400 new financial representatives in a year while witnessing the consistent growth of veteran advisors—141 with various experience levels.

Gerend emphasized, "The continued growth of our network of financial advisors means that we have the most capacity we've ever had to deliver comprehensive financial planning to a growing market of people who need trusted advice."

Conclusion

As Northwestern Mutual embarks on another year brimming with potential and remarkable growth, it stands poised to continue delivering exceptional value to its clients and policyholders. With a firm foundation in financial security, the company looks forward to navigating future challenges while upholding its legacy of excellence.

This captivating journey not only sets a new standard for the industry but also reassures millions of Americans regarding their financial future. Northwestern Mutual thus reaffirms its role as a leading entity in the financial services sector, committed to empowering its clients for generations to come.