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NORTHWESTERN MUTUAL ELECTS TWO NEW TRUSTEES; POLICYOWNERS TOLD COMPANY NOW EIGHTH LARGEST LIFE INSURER

 MILWAUKEE, May 26 /PRNewswire/ -- A newspaper executive and the CEO of a shoe manufacturing company were elected today to the board of trustees of the Northwestern Mutual Life Insurance Co.
 They are H. Mason Sizemore, 52, president and chief operating officer of The Seattle Times, Seattle, and John J. Stollenwerk, 53, president and owner of the Allen-Edmonds Shoe Corporation, Port Washington, Wis.
 They were elected during the company's annual policyowner meeting at its headquarters in Milwaukee.
 Northwestern Mutual Chairman and Chief Executive Officer Donald J. Schuenke told policyowners that Northwestern Mutual investment earnings rose by 8 percent in 1992, assets grew 11 percent and net gain from operations reached a record high of $244 million, up $17 million from a year before.
 "We continued our 9.25 percent dividend interest rate, life insurance in force rose more than 10 percent and persistency -- the rate at which you hold on to your policies -- reached its highest level since 1978," Schuenke said.
 He noted that during the year Northwestern Mutual also grew from the ninth to the eighth largest life insurance company with assets of $39.7 billion at year end.
 In his operations report, President and Chief Operating Officer James D. Ericson said the company allocated nearly $1.8 billion for policyowner dividends this year.
 Northwestern Mutual's general contingency surplus increased by about 12 percent in 1992 and combined surplus totaled almost $3 billion.
 New life insurance-in-force was almost $42 billion in 1992 which brought the company's total life insurance-in-force to $275 billion, up ten percent from the year before.
 "I'm pleased to note that 1993 has so far been a good year," Ericson said. "Through April, Northwestern Mutual agents had sold six percent more policies than last year and nine percent more life insurance premium," he said.
 Ericson noted that Northwestern Mutual is the life insurance industry leader in efficiency when measured in terms of expense to premium ratio. He added that the most recent study in life insurance company mortality experience also showed Northwestern Mutual as the leader.
 He said that although Northwestern Mutual is the eighth largest company in assets, it ranks as the fourth largest company in terms of individual insurance-in-force.
 He noted that only four companies pay more than $1 billion in life insurance dividends to policyowners and Northwestern Mutual is second only to one which has four times as much in assets.
 In his talk Schuenke noted that Northwestern Mutual retains the highest financial ratings of the four major rating agencies, Duff & Phelps, Moody's, A.M. Best and Standard & Poors. He said Northwestern Mutual was named "the most admired" life insurance company in a Fortune magazine survey for the eleventh consecutive year and for the third consecutive time the company's sales force was named the industry's best in a survey by Sales & Marketing Management magazine.
 -0- 5/26/93
 /CONTACT: Thomas W. Towers of Northwestern Mutual Life Insurance Co., 414-299-7179/


CO: Northwestern Mutual Life Insurance Co. ST: Wisconsin IN: INS SU: PER

KL -- CL015 -- 2532 05/26/93 14:32 EDT
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Publication:PR Newswire
Date:May 26, 1993
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