AM Best Assigns Superior Rating to Northwestern Mutual’s $1.25 Billion Notes

AM Best has assigned a Long-Term Issue Credit Rating of "aa" (Superior) to The Northwestern Mutual Life Insurance Company's newly issued $1.25 billion surplus notes, featuring an interest rate of 6.05% and maturing in 2056. The outlook for this rating is stable. The issuance supports general corporate purposes, with the notes subordinated to policyholder claims. AM Best reports that Northwestern Mutual maintains a financial leverage of 20% and an interest coverage ratio exceeding three times after policyholder dividends, in alignment with its current rating standards.

Northwestern Mutual's ratings are indicative of its strong balance sheet, excellent operational results, and a resilient business profile, all underpinned by comprehensive risk management practices. For detailed insights and disclosures, stakeholders are encouraged to visit the AM Best website, where guidance on applying credit ratings and performance assessments is available.

AM Best is a leading global rating agency providing credit ratings, news publications, and data analysis services specifically for the insurance industry. With headquarters in the U.S., AM Best also operates regional offices in Europe, Asia, the Middle East, and Latin America. Further information about their services can be accessed at www.ambest.com.