4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0

4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0

*FORTUNE® Magazine, March 17, 2008.

The Northwestern Mutual Life Insurance Company • Milwaukee, WI.www.northwesternmutual.com

53-0010 (0198) (REV 0308)

For 25 years, FORTUNE® Magazine has surveyed life and health insurancecompanies, asking which company they most admire in the industry. And in each of those 25 years, our peers have namedNorthwestern Mutual “America’s MostAdmired” life/health insurance company.We thank them for distinguishing us among what we consider a mostdistinguished group.

TOP 5 MOST ADMIRED FINANCIAL INDUSTRYInsurance: Life and Health2007 Survey Results*:

Northwestern Mutual 7.36New York Life 6.97Massachusetts Mutual Life 6.89Principal Financial 6.70Prudential Financial 6.69

More than 622 companies in 65 differentindustry groups are rated on eight attributesof corporate reputation.

Innovation

Employee talent

Social responsibility

Financial soundness

Quality of management

Quality of products/services

Long-term investment

Use of corporate assets

FORTUNE® MAGAZINE’S

““AAMMEERRIICCAA’’SSMMOOSSTT AADDMMIIRREEDD””

NEW YORK LIFE

AFLAC

MASSACHUSETTS MUTUAL LIFE INSURANCE

TIAA-CREF

2005Northwestern Mutual

PRUDENTIAL FINANCIAL

AFLAC

MASSACHUSETTS MUTUAL LIFE INSURANCE

2006

Northwestern Mutual

Northwestern Mutual

NEW YORK LIFE INSURANCE

TIAA-CREF

MASSACHUSETTS MUTUAL LIFE INSURANCE

AFLAC

Northwestern Mutual

TIAA-CREF

MASSACHUSETTS MUTUAL LIFE INSURANCE

NEW YORK LIFE INSURANCE

METLIFE

NEW YORK LIFE INSURANCE

TIAA-CREF

MASSACHUSETTS MUTUAL LIFE INSURANCE

AMERICAN GENERAL

2001

2000

1999

Northwestern Mutual

MASSACHUSETTS MUTUAL LIFE INSURANCE

NEW YORK LIFE INSURANCE

TIAA-CREF

AFLAC

2002

NEW YORK LIFE INSURANCE

AFLAC

TIAA-CREF

2003

TIAA-CREF

PRUDENTIAL FINANCIAL

2004MASSACHUSETTS MUTUAL LIFE INSURANCE

MASSACHUSETTS MUTUAL LIFE INSURANCE

PRINCIPAL FINANCIAL

PRUDENTIAL FINANCIAL

2007

WINNING STREAKNorthwestern Mutual (life and healthinsurance) is the only company to rank first in its industry every year since 1983.

FORTUNE® magazine asked seniorexecutives, outside directors and securitiesanalysts to rank the top 10 companies in theirrespective industries on:

Northwestern Mutual ranked first in seven ofthese categories.

NEW YORK LIFE

Northwestern Mutual

NEW YORK LIFE

Northwestern Mutual

Northwestern Mutual

NEW YORK LIFE

MASSACHUSETTS MUTUAL LIFE INSURANCE

Northwestern Mutual