Company remains the largest direct provider of life insurance, retail investment client assets reached an all-time high, network of financial advisors and representatives continues to grow to new records

MILWAUKEE, Feb. 25, 2026 /PRNewswire/ -- Northwestern Mutual, a leading financial services company providing comprehensive financial planning through insurance and investments, today announced the company's year-end 2025 financial results, including record revenue, operating gain and total surplus. The strength of the 2025 results was due to several factors, most notably the company's extraordinary investment performance and continued strong business fundamentals.

"We're proud of these record results, which demonstrate meaningful growth and reflect the strength of our business," said Tim Gerend, the company's chairman, president and chief executive officer. "The strong dividend payout is a testament to our ongoing commitments to policyowners. We are delivering unmatched long-term value while at the same time, we are enhancing our financial strength and flexibility to navigate the unexpected."

For the first time in company history, Northwestern Mutual's total revenue exceeded $40 billion and operating gain crossed $10 billion. In addition, the company's surplus position grew by over $2 billion to surpass $42 billion – even with an impressive nearly $1 billion increase in policyowner dividends expected to ...