Northwestern Mutual

OverviewSuggest Edit

The Northwestern Mutual Life Insurance Company is a financial services organization that provides financial planning and insurance services. It offers life, disability income, and long-term care insurance, annuities, brokerage and advisory services, trust services, and discretionary portfolio management solutions.

TypePrivate
Founded1857
HQMilwaukee, WI, US
Websitenorthwesternmutual.com
Employee Ratings4
Overall CultureA+

Latest Updates

Employees (est.) (Oct 2021)32,598
Revenue (FY, 2020)$31.1 B(+5%)
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Key People/Management at Northwestern Mutual

John E. Schlifske

John E. Schlifske

Chairman, President and CEO, Board Member
John Schlifske

John Schlifske

Chairman, President and Chief Executive Officer
Souheil Badran

Souheil Badran

Executive Vice President Chief Operating Officer
Timothy J. Gerend

Timothy J. Gerend

Executive Vice President, Chief Distribution Officer
Michael G. Carter

Michael G. Carter

Executive Vice President, Chief Financial and Risk Officer
Aditi Javeri Gokhale

Aditi Javeri Gokhale

Executive Vice President Chief Commercial Officer and President, IPS
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Northwestern Mutual Office Locations

Northwestern Mutual has offices in Milwaukee and Franklin
Milwaukee, WI, US (HQ)
720 E Wisconsin Ave
Franklin, WI, US
1 Northwestern Mutual Way
Milwaukee, WI, US
733 N Van Buren St
Milwaukee, WI, US
805 E Mason St
Milwaukee, WI, US
818 E Mason St
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Northwestern Mutual Financials and Metrics

Summary Metrics

Founding Date

1857
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Northwestern Mutual Revenue

Northwestern Mutual's revenue was reported to be $31.12 b in FY, 2020 which is a 4.3% increase from the previous period.
USD

Revenue (FY, 2020)

31.1b

Revenue growth (FY, 2019 - FY, 2020), %

4.3%

Net income (FY, 2020)

425.3m

EBIT (FY, 2020)

7.0b

Cash (31-Mar-2021)

3.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

28.5b29.9b31.1b

Revenue growth, %

5%4%

Operating expense total

22.2b23.5b24.1b

EBIT

6.2b6.4b7.0b
Half Year
USDH1, 2019H1, 2020

Revenue

15.2b15.5b

Operating expense total

11.8b11.7b

EBIT

3.4b3.8b

EBIT margin, %

22%24%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.9b2.4b3.2b

PP&E

2.6b2.9b3.0b

Total Assets

290.3b290.3b308.8b

Total Liabilities

245.4b266.1b283.8b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

4.3b4.5b3.9t3.0b

PP&E

2.8b2.7b2.9b3.1b

Total Assets

288.3b295.4b299.8b317.4b

Total Liabilities

263.6b270.7b275.1b290.9b
Annual
USDFY, 2018FY, 2019FY, 2020

Cash From Operating Activities

9.7b10.2b10.2b

Capital Expenditures

(168.0m)(841.0m)(478.3b)

Cash From Investing Activities

(10.4b)(9.9b)(10.0b)

Cash From Financing Activities

122.0m135.5m626.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash From Operating Activities

2.4b5.6b7.7b2.4b5.3b7.6b3.0b

Capital Expenditures

(12.0m)(129.7m)(607.6m)(75.3m)(92.3m)(320.0m)(143.7m)

Cash From Investing Activities

(835.0m)(3.0b)(5.1b)(334.7m)(2.5b)(5.7b)(5.6b)

Cash From Financing Activities

(136.9m)(210.8m)(236.6m)(203.8m)(790.9m)(403.6m)2.4b
USDFY, 2018

Revenue/Employee

949.9k

Financial Leverage

10.9 x
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Northwestern Mutual Operating Metrics

Jun, 2021

Clients

4.5 m

Patent Applications (US)

1

Patents (US)

4

Trademarks (US)

21
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Northwestern Mutual Acquisitions / Subsidiaries

Company NameDateDeal Size
ClientWise LLCJanuary 09, 2018
LearnVestMarch 25, 2015$250 m
GRO-SUB, LLC
Mason Street Advisors, LLC
NM Career Distrib. Holdings, LLC
NM GP Holdings, LLC
NM Harrisburg, Inc
NM Investment Holdings, LLC
NM Investment Management Company, LLC
NML Real Estate Holdings, LLC
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Northwestern Mutual Revenue Breakdown

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Northwestern Mutual revenue breakdown by business segment: 9.1% from Accident and Health, 9.0% from Individual Annuities, 80.5% from Individual Life and 1.3% from Other

Northwestern Mutual Online and Social Media Presence

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Northwestern Mutual Company Culture

  • Overall Culture

    A+

    78/100

  • CEO Rating

    A+

    81/100

  • Compensation

    B

    72/100

  • Diversity

    A+

    83/100

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Northwestern Mutual News and Updates

Northwestern Mutual Appoints Steve Radke to President of the Northwestern Mutual Foundation

MILWAUKEE, Oct. 21, 2021 /PRNewswire/ -- Northwestern Mutual has announced the appointment of Steve Radke to President of the Northwestern Mutual Foundation, effective November 1, 2021. In this role, he will lead the company's national and local charitable strategies and the ongoing...

Northwestern Mutual and Blacks In Technology (BIT) Foundation Collaborate for Change

CLEVES, Ohio, Sept. 30, 2021 /PRNewswire/ -- The Blacks In Technology (BIT) Foundation is excited to announce a new partnership with Northwestern Mutual. Northwestern Mutual will serve as a global sponsor to increase the representation of people of African descent in the technology...

Northwestern Mutual Sponsors Next Generation of Diverse Childhood Cancer Researchers

MILWAUKEE, Aug. 18, 2021 /PRNewswire/ -- Although it's the leading cause of death for children under 19, according to the National Cancer Institute, childhood cancer research only receives 4% of funding from the federal cancer budget. Northwestern Mutual, through its Foundation, is...

Northwestern Mutual Renews Funding to CFP Board Center for Financial Planning with $1M Gift

WASHINGTON, Aug. 10, 2021 /PRNewswire/ -- The CFP Board Center for Financial Planning today announced that Northwestern Mutual will renew its support as a Founding Sponsor with a $1 million gift. A Founding Sponsor since 2016, Northwestern Mutual works with the Center to develop programs...

Northwestern Mutual Lifer Boasts Of Succession Clarity Amidst Wealth Management Aging Crisis

While the wealth management space grapples with the increasing average age of the advisor community, Sanczyk boasts of his firm’s succession plan.

Northwestern Mutual 30-Year Veteran Climbed Ranks From Intern To Running Her Own Team

The team that Alexander co-founded, Aria Financial Services, is majority female with six of the nine members of her team as well as both her and her co-founder being females.
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Northwestern Mutual Blogs

Northwestern Mutual Study Reveals That Americans Are Shifting Retirement Due to Pandemic

Gen Z and Millennials expect to retire before hitting age 60

Northwestern Mutual to Provide More Than $3 Million in Education Grants Throughout the Milwaukee Community

Funding to support high-performing public, charter and choice schools and the students they serve

Northwestern Mutual – New York Park Avenue Recognized as Most Exceptional Childhood Cancer Impact Award Recipient

Office recognized for their dedication to company’s philanthropic cause with $100,000 grant
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Northwestern Mutual Frequently Asked Questions

  • When was Northwestern Mutual founded?

    Northwestern Mutual was founded in 1857.

  • Who are Northwestern Mutual key executives?

    Northwestern Mutual's key executives are John E. Schlifske, John Schlifske and Souheil Badran.

  • How many employees does Northwestern Mutual have?

    Northwestern Mutual has 32,598 employees.

  • What is Northwestern Mutual revenue?

    Latest Northwestern Mutual annual revenue is $31.1 b.

  • What is Northwestern Mutual revenue per employee?

    Latest Northwestern Mutual revenue per employee is $954.8 k.

  • Who are Northwestern Mutual competitors?

    Competitors of Northwestern Mutual include New York Life Insurance, Massachusetts Mutual Life Insurance Company (MassMutual) and MetLife.

  • Where is Northwestern Mutual headquarters?

    Northwestern Mutual headquarters is located at 720 E Wisconsin Ave, Milwaukee.

  • Where are Northwestern Mutual offices?

    Northwestern Mutual has offices in Milwaukee and Franklin.

  • How many offices does Northwestern Mutual have?

    Northwestern Mutual has 5 offices.