New York Life Insurance Company

New York Life Insurance Company
Company typePrivate. Mutual
IndustryInsurance: life and annuity
Founded1845 (1845)
HeadquartersNew York Life Building
New York, New York, U.S.
Key people
Craig DeSanto, CEO
Ted Mathas, Chairman[1]
ProductsLife insurance, annuities, long-term care, asset management
RevenueIncrease US$$58.445 billion (2022)[2]
Decrease US$-1.13 billion (2022)[2]
AUMIncreaseUS$670 billion (2023)[3]
Total assetsIncrease US$392.13 billion (2022)[2]
Total equityIncrease US$23.88 billion (2022)[2]
Number of employees
Increase 15,050 (2022)[2]
SubsidiariesNew York Life Investments
Websitenewyorklife.com

New York Life Insurance Company (NYLIC) is the third-largest life insurance company[4] and the largest mutual life insurance company in the United States,[5] and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue.[6] In 2023, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch Ratings).[7] Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

  1. ^ "DeSanto assumes position as New York Life CEO". Reinsurance News. April 19, 2022. Retrieved May 24, 2022.
  2. ^ a b c d e "New York Life Insurance | 2023 Fortune 500".
  3. ^ "New York Life Investments Announces Name Change for the MainStay CBRE Global Infrastructure Megatrends Fund". Yahoo Finance. June 20, 2023. Retrieved July 11, 2023.
  4. ^ Swarns, Rachel (December 18, 2016). "Insurance Policies on Slaves: New York Life's Complicated Past". New York Times.
  5. ^ Jarboe, Michelle (16 April 2016). "New York Life leases 3 floors at 200 Public Square, will bring hundreds of jobs to downtown Cleveland". The Plain Dealer. Retrieved 15 February 2018.
  6. ^ "New York Life Insurance - 2023 Fortune 500". Fortune. Retrieved 2023-07-11.
  7. ^ Cite error: The named reference New York Life Ratings was invoked but never defined (see the help page).