The Pennsylvania Mutual Life Insurance Company announced today its plans to pay $33.2 million in dividends to its participating policy holders in 2014.
This payout represents a 7% increase in the total amount of dividends paid to Penn Mutual policy holders.
And what about the dividend interest rate?
New York Life has announced its plans to pay $1.43 billion in dividends to its participating policy holders. This dividend payout is an increase of $109 million over last year.
In a very quiet announcement, the company reported on a number of positive sales results of various products–including 10% sales growth of its whole life product through Q3.
What does this mean for the dividend interest rate?
The Metropolitan Life Insurance Company has announced its intentions to pay $1.25 billion in dividends to participating policyholders. Policyholders include both MetLife, New England Financial, and General American policyholders.
What does this total payout mean for the dividend rates?
National Life Group of Vermont announced its plans to pay $83 million in dividends to its participating policy holders. In the announcement National Life Group's President and CEO, Mehran Assadi remarked at NLG's history going back to its very first dividend payout of $11,260 back in 1855.
So where does this leave the dividend interest rate?
Ohio National Life has announced the dividend interest rate for 2014. In an announcement from President and CEO Gary “Doc” Huffman, ONL noted its great expense management, strong portfolio performance, and very favorable mortality experience. No word on what the total dividend payout is for the entire company (not that it matters much to any single individual).
So what’s the new rate?
Northwestern Mutual has announced that it plans to pay $5.2 billion in dividends to participating policy holders next year. This represents an increase of the total payout over last year of roughly $200 million. 90% of this payout will go to whole life policy holders.
But as we know the bigger consideration is what does this mean for the dividend interest rate?
MassMutual announced its plan to pay $1.49 billion in dividends to participating policy holders in 2014. This will be the largest total dividend payout the company has made in its 162 year history.
We all know the total payout doesn't mean much to the individual policy holder. We all want to know what that means the effective dividend interest rate will be.
And the answer is…
Ohio National Life has announced its 2013 dividend interest rate. This was actually announced a few weeks ago, and announcing has been on the to-do list, but we were a tad side tracked.
Ohio National will pay out $76 million in policy holder dividends for in 2013.
The long awaited deal is done and the sale of Aviva Life USA to Athene Holdings has officially been announced.
The New York Life Insurance Company has announced its 2013 dividend.
New York Life will increase its dividend payout by $100 million, an 8% increase in total dividends paid over last year.
