2022 Dividends Set by Mutual Life Insurers

2022 Dividends Set by Mutual Life Insurers

Mutual life insurers are beginning to release estimates for dividend payouts for next year.

Mutual life insurance companies are owned by their policyholders, and the most dividend-paying products are whole life policies.

Dividend payouts affect the value of life insurance policies for the insured and indicate what the insurers think about the market.

Northwestern Mutual Life Insurance Company
Northwestern Mutual Life Insurance Company says its interest rate for calculating dividend payments in 2022 will remain at 5%. Dividends will increase to $6.5 billion from $6.2 billion in bonuses for 2021 and $6 billion in dividends for 2020.

Northwestern Mutual was founded in Milwaukee in 1857. Revenue for 2020 was $31 billion.

New York Life
The New York Life Insurance Company expects to pay $1.9 billion in dividends in 2022, up from $1.8 billion in 2021.

It was impossible to obtain the interest rate used to calculate the payout for 2022, and the rate for 2021 was 5.8%.

New York Life was founded in 1845 and hence is a New York-based company. It reported revenue of $32 billion in 2020.

MassMutual
According to Massachusetts Mutual Life Insurance Company, the interest rate it uses to calculate 2022 dividend payments will remain at 6%. In 2022, the company says it expects to pay a total of $1.85 billion in dividends, up from $1.7 billion in 2021 and 2020.

Founded in 1851, MassMutual is based in Springfield, Mass. The company reported revenues of $23 billion in 2020.

Penn Mutual Life Insurance
According to Penn Mutual Life Insurance Company, the interest rate it uses to calculate dividend payments for 2022 will stay at 5.75%. In 2020, the company expected to pay $123 million in dividends to eligible policyholders, increasing from $105 million in 2020 to $100 million in 2020.

Penn Mutual Insurance Company was founded in 1847 in Horsham, Penn. In 2020, it made $1.6 billion in revenues.