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May 24, 2015 10:42 PM ET

Insurance

Company Overview of The Northwestern Mutual Life Insurance Company

Company Overview

The Northwestern Mutual Life Insurance Company provides various life insurance products to personal, business, and estate markets primarily in the United States. Its products include permanent and term life insurance products; disability insurance; long-term care insurance; annuity products, such as deferred and income annuities; and education funding plans. The company’s investment products and services comprise brokerage services, investment advisory services, trust services, financial planning services, and portfolio management services. The Northwestern Mutual Life Insurance Company was founded in 1857 and is based in Milwaukee, Wisconsin.

720 East Wisconsin Avenue

Milwaukee, WI 53202

United States

Founded in 1857

Phone:

414-271-1444

Key Executives for The Northwestern Mutual Life Insurance Company

Chairman, Chief Executive Officer, Member of the Management Committee and Member of Finance Committee
Age: 54
President
Age: 56
Chief Financial Officer and Executive Vice President
Age: 52
Executive Vice President of Operations and Technology
Chief Investment Officer and Executive Vice President
Age: 55
Compensation as of Fiscal Year 2014.

The Northwestern Mutual Life Insurance Company Key Developments

The NFL Alumni Association Announces Agreement with Northwestern Mutual

The NFL Alumni Association announced an agreement with Sam McClain from Northwestern Mutual to help provide financial services and resources to the members and families of the NFLA. Members of the NFLA and their families will have the opportunity for a free consultation with Sam McClain and his team of financial representatives from Northwestern Mutual.

Northwestern Mutual to Pay $84 Million to Settle the Annuities Lawsuit

Northwestern Mutual Life Insurance Co. will pay $84 million to settle a class-action lawsuit that alleged the insurer changed the payment structure of annuities sold before 1985 without notifying policyholders. Roughly 4,000 current and 29,000 former policyholders will be eligible for payments under the settlement. The settlement must be approved by a federal judge, which could happen by the end of the summer.

The Northwestern Mutual Life Insurance Company Reports Earnings Results for the Year Ended December 31, 2014

The Northwestern Mutual Life Insurance Company reported earnings results for the year ended December 31, 2014. For the year, the company reported gain before taxes of $558 million, net gain from operations of $536 million and net income of $679 million on total revenue of $25,909 million compared to gain before taxes of $508 million, net gain from operations of $526 million and net income of $802 million on total revenue of $24,621 million reported a year ago. Premiums were $17,001 million compared to $16,599 million reported a year ago. Total revenue was $26,707 million compared to $25,858 million reported a year ago.

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