John Schlifske on the Legacy of Northwestern Mutual (Podcast)

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 9 April 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Opinion columnist Barry Ritholtz speaks with John Schlifske, who is chairman, president and chief executive officer at Northwestern Mutual. He rose through the ranks after having joined the company in 1987 as an investment specialist. Northwestern Mutual has more than $300 billion in total assets and $31 billion in revenues, and underwrites more than $2 trillion in life insurance.

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Transcript

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0:00.0	This is Masters in Business with Barry Reynolds on Bloomberg Radio.
0:09.4	This week on the podcast, once again, I have an extra special guest, John Schlifsky.
0:15.2	He is the chairman and CEO of Northwestern Mutual, the insurance giant.
0:20.4	That's in the top 100 on the Fortune 500 list.
0:24.2	They have over $31 billion in annual revenues, $2 trillion plus in life insurance products,
0:31.9	and about $200 billion in investible client assets.
0:37.0	This really is a fascinating conversation, not just about the insurance industry, but about
0:42.0	how the entire financial services industry has changed over time, how it's become more
0:49.2	integrated, more holistic, how the concept of the insurance salesman outhawking policies
0:58.6	is so outdated.
1:01.6	John is really super knowledgeable about a variety of things within the industry.
1:07.6	Northwestern has been very aggressive in not only their own internal green initiatives,
1:13.4	but their diversity initiatives.
1:15.5	You tend to think of a company like them as a large-stayed insurance company that might
1:21.2	be a little behind the times.
1:23.2	They are nothing of the sort.
1:24.6	They seem to be fairly cutting edge relative to the typical financial services firm.
1:31.3	I was fascinated by the conversation.
1:33.8	I find Schlifsky to be really a fascinating executive, and I think you will also.
1:39.6	With no further ado, my interview with Northwestern Mutuals Chairman and CEO, John Schlifsky.
1:47.7	This is Masters in Business with Barry Redholz on Bloomberg Radio.
1:56.2	My extra special guest this week is John Schlifsky.
	...

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