Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Northwestern Reports Higher 2002 Net Income

Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 24, 11:29 a.m. – Northwestern Mutual Life Insurance Company, Milwaukee, is reporting $158 million in net income for 2002 on $16 billion in revenue, compared with $650 million in net income on $15 billion in revenue for 2001.

Sales of new individual disability coverage were flat, but life insurance premium revenue increased 8%, to $9.2 billion, and sales of mutual funds increased 20% for the first 11 months of 2002, to $2.9 billion

Investment income increased 1%, to $5.5 billion, in spite of the low interest rates available on bonds and the above-average rate default rate, Northwestern says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.