Milwaukee-based Northwestern Mutual will pay out a record-breaking dividend of approximately $10.4 billion next year, with most of it going to whole life insurance policyholders, according to a report in the Milwaukee Journal Sentinel.
The dividend represents an increase of $1.2 billion over the 2026 dividend and has grown about $3.5 billion, or 50%, over the past four years.
The company said about $8.9 billion of the 2027 dividends will go to the whole life insurance policy owners who own the company.
They can receive the dividend as cash or use it to purchase more insurance.
