The deadly pandemic increased demand for life insurance, and privately held Northwestern Mutual has met that demand—a fact that helped it pass the $1 billion mark in new life insurance premium sales in 2020. Its record $33.8 billion in revenue boosts the company 12 spots on the Fortune 500—and makes Northwestern Mutual the largest company by revenue in Wisconsin. The Milwaukee-based life insurer also boosted headcount, client investment assets, and policyholder benefit payouts, which cut into margins: Its 2020 profits fell by nearly 67%.
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World’s Most Admired Companies - 2021After a year in which humanity leaned more heavily...READ MOREview in list
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