New York Life Insurance
Company Ratings
A++ from A. M. Best
AA1 from Moody's
AA+ from Standard & Poor's
AAA from Fitch Ratings
Find out what these ratings mean.
Company Web Page
www.newyorklife.com
New York Life is a mutual insurance company providing carious types of insurance, banking services and annuities. A mutual company is one that does not sell shares of its stock to the public. NYLife provides services all over the United States and 10 other countries. Click Here for the full list of products.
Company History
New York Life first opened for business in 1845 as Nautilus Insurance Company in New York and became New York Life Insurance Company in 1849. It was the first American life insurance company to pay a cash dividend to policyholders, first American life insurance company to publish a detailed financial report for its policy owners, the first United States company to issue life insurance to women at the same rates as men, the first company to insure people with physical impairments or hazardous occupations, and the first company to issue policies containing a "non-forfeiture option."
New York Life, including its subsidiaries, is a Fortune 100 company, with over $138 billion in assets under management and over $13 billion in operating revenues. NY Life has offices throughout the nation. Internationally, NY Life has offices in Argentina, mainland China, Hong Kong, Mexico, Taiwan and South Korea.
Why New York Life is a Mutual Company
The life insurance business is unique. People pay premiums for many years and receive nothing in return but a promise that New York Life will be there, strong and solvent, decades from now, to help pay a claim, fund a retirement, or meet nursing home costs.
That's why it's important that NYLife is a mutual insurance company. A mutual insurance company is a company that is not publicly traded. Therefore, it has no stock to be bought and sold and no shareholders. Instead, policyholders share in the ownership of the company. For this reason, unlike publicly traded companies that manage their business for the short-term benefit of shareholders, NYLife is guided by the longer-term needs and expectations of our policyholders. This makes New York Life, essentially, a partner in your long-term planning.
- Financial Synopsis and Brief History
- List of NYLife Companies
- NYLife Company Officers
- NYLife Location/Contact Information
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*Some information taken directly from New York Life's website and from Yahoo! Finance.