Northwestern Mutual to pay $4.7 billion in dividends

While reducing investment risk in last year's uncertain economic environment, Northwestern Mutual Life Insurance Co. said Thursday it was able to set aside its second-highest dividend payout ever and increase its total surplus.

The Milwaukee-based insurer said it will pay $4.7 billion in dividends to policy owners this year, which represents a dividend interest rate of 6.15% on unborrowed funds of most life insurance policies. While the total payout is up about $200 million, the dividend interest rate slipped from last year's 6.5%...

JSonline: Northwestern Mutual to pay $4.7 billion in dividends