LINA is not authorized in New York and does not conduct insurance business in New York. NYLAZ is not authorized in New York or Maine, and does not conduct insurance business in New York or Maine. Note: “New York Life” or “the company”, can refer either separately to the parent company, New York Life Insurance Company (NYLIC), or one of its subsidiaries, or collectively to all New York Life companies, which include NYLIC and its subsidiaries and affiliates, including New York Life Insurance and Annuity Corporation (NYLIAC), NYLIFE Insurance Company of Arizona (NYLAZ), Life Insurance Company of North America (LINA), and New York Life Group Insurance Company of NY (NYLGICNY).
life insurer from all four of the major credit rating agencies 3. New York Life has the highest financial strength ratings currently awarded to any U.S. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life Insurance Company ( a Fortune 100 company founded in 1845, is the largest 1 mutual life insurance company in the United States and one of the largest life insurers in the world. $1.1 trillion of individual life insurance in force in the U.S. $1.9 billion total dividend payout declared for 2022. $16.5 billion in total dividends and benefits paid to policy owners. $30.7 billion surplus (including the asset valuation reserve). “Our results demonstrate how New York Life’s mutual business model allows us to operate in the best interests of the company’s policy owners and fulfill our mission of providing financial security and peace of mind.”įinancial performance highlights as of and for the year ended Deceminclude:
“Last year, we strengthened our foundational retail insurance business, grew our differentiating strategic business portfolio, and invested in our workforce and industry-leading agency field force, while posting records across our major financial metrics,” said New York Life President and CEO-elect Craig DeSanto. life insurance company by all four major rating agencies 3. New York Life is one of only two life insurers with the highest financial strength ratings currently awarded to any U.S. The company’s record surplus, capital above and beyond the reserves already set aside to pay the benefits New York Life promises, is a key component of the company’s strong financial strength ratings. Our 12,000 agents and the company’s dedicated employees remain committed to delivering advice, guidance, and service at a time when it is needed the most and to helping clients build better futures for themselves and the ones they love.” “Our long-term orientation served our policy owners and clients well as we continued to successfully navigate numerous challenges including the global pandemic, the historically low interest rate environment, and an evolving competitive landscape. “New York Life’s 2021 financial results are all the more impressive when considering the environment in which they were achieved,” said New York Life Chairman and Chief Executive Officer Ted Mathas. The ability to pay a dividend 2 in excess of the guarantees provided to policy owners on their whole life cash value growth for a 168th consecutive year underscores New York Life’s commitment to delivering ongoing value to policy owners.
showcase New York Life’s ongoing commitment to policy owners.Īdditionally, New York Life recently declared a record dividend payout of $1.9 billion to eligible participating policy owners in 2022, the largest in company history. New company record results, including $30.7 billion in surplus, $1.4 billion in insurance sales, and $760 billion in assets under management, underscore strong top-line growth while all-time company highs of $16.5 billion in policy owner benefits and dividends and $1.1 trillion in individual life insurance in force in the U.S. NEW YORK-( BUSINESS WIRE)-New York Life, America’s largest 1 mutual life insurer, today announced exceptional financial results for 2021 that highlight the company’s enduring stability and financial strength despite the ongoing challenges posed by the global pandemic.
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