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DUFF & PHELPS REAFFIRMS NORTHWESTERN NATIONAL LIFE'S AA RATING, ANNOUNCES NEW AA RATING FOR NORTHERN LIFE AND NORTH ATLANTIC LIFE

 DUFF & PHELPS REAFFIRMS NORTHWESTERN NATIONAL LIFE'S AA RATING,
 ANNOUNCES NEW AA RATING FOR NORTHERN LIFE AND NORTH ATLANTIC LIFE
 MINNEAPOLIS, April 30 /PRNewswire/ -- The NWNL Companies (NYSE: NWN) announced today that Duff & Phelps Credit Rating Co. has reaffirmed its AA claims paying ability rating of Northwestern National Life Insurance Co. In addition, Duff & Phelps has given claims paying ratings of AA to two other NWNL subsidiaries, Northern Life Insurance Co. and North Atlantic Life Insurance Co.
 Duff & Phelps' rating process emphasizes both quantitative and qualitative factors in its analysis of a company's future ability to pay its policy and contract obligations. A rating of AA is in the category that Duff & Phelps considers "very high."
 In a release today, Duff & Phelps said that the ratings recognize the combined enterprise's diversified product lines; the ability to produce profitability comparable with other stock companies in the industry; the maintenance of a prudent level of leverage; financial flexibility and access to capital provided by the parent company; and the exit from non-core property/casualty personal lines and reinsurance businesses.
 "We are pleased about these ratings," said NWNL President and Chief Executive Officer John G. Turner. "Duff & Phelps' credibility in the insurance rating business has been well established by a good track record over a number of years, so we believe this is a good confirmation of our strength."
 The NWNL Companies is a Minneapolis-based holding company specializing in the life and health insurance and annuity businesses. Northwestern National Life, in Minneapolis, markets individual life insurance and annuities, employee benefits, life and health reinsurance, and retirement plans. Northern Life, in Seattle, is one of the nation's leaders in tax-sheltered annuities. North Atlantic Life, in Jericho, N.Y., markets annuities and individual life insurance.
 -0- 4/30/92
 /CONTACT: Jan Pedersen of NWNL, 612-372-5623/
 (NWN) CO: NWNL Companies ST: Minnesota IN: INS SU:


AL -- MN014 -- 5066 04/30/92 15:12 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:317
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