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 4. 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, long-term care insurance, and disability 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. life insurance company by all four major rating agencies 4. New York Life is one of only two life insurers with the highest financial strength ratings currently awarded to any U.S. New York Life’s strong surplus – capital above and beyond the reserves already set aside to pay the benefits the company promises – is a key component of its leading financial strength ratings. Strong surplus and leading financial strength ratings Despite ongoing economic uncertainty, New York Life’s financial strength is as robust as ever and we remain exceptionally well-positioned to manage through any environment," said Craig DeSanto, CEO & President, New York Life. "We delivered healthy performance across our diversified portfolio of businesses in 2022. Paying a dividend 3 for a 169th consecutive year highlights New York Life’s ability to deliver ongoing, long-term value to clients. New York Life declared a record dividend of $2 billion to eligible participating policy owners in 2023, the largest in company history. Record $2 billion dividend payout in 2023 demonstrate the company’s enduring commitment to the millions of individuals, families, and businesses it serves.
In addition to posting a company record of nearly $2.9 billion in operating earnings, New York Life records of $16.5 billion in policy owner benefits and dividends paid and $1.2 trillion in individual life insurance in force in the U.S. The company’s top-line growth was driven by a new record in annuity sales, making New York Life the industry leader in retail annuity sales for 2022 2. NEW YORK, March 15, 2023-( BUSINESS WIRE)-New York Life, America’s largest 1 mutual life insurer, today announced strong financial results for 2022 that underscore the power of the company’s differentiated business model and its significant contributions to New York Life’s enduring financial strength. Record company highs in policy owner benefits and dividends paid, as well as in individual life insurance in force Top-line growth led by company annuity sales record
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