The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States and one of the largest life insurers in the world. The company ranks*** #64 on the 2010 Fortune 100 list making it the highest privately held insurance company on that list. By June 2009, Standard & Poor's, A.M. Best, and Fitch & Moody's reaffirmed New York Life's "superior" financial strength*. The company is now one of only three life insurers to hold the highest possible rating from all four major rating agencies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
Since becoming the first American life insurance company to pay a cash dividend** to policyholders in the mid–1800s, New York Life has continued to build a history of innovation—enhancing its existing product lines, creating new financial products, and maintaining a diversified portfolio to best accommodate customers’ changing needs and lifestyles.
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* Source: Individual third-party ratings reports as of 1/14/2010 (A.M. Best: A++, Fitch Ratings: AAA, Moody’s Investors Service: Aaa, Standard & Poor’s: AAA). See NewYorkLife.com for complete details.
** Dividends are not guaranteed and past performance is not indicative of future results.
***New York Life is the largest mutual life insurance company based on the Fortune 500, ranked, within industries, insurnace: Life, Health (Mutual), Fortune Magazine April 4th, 2010.
Financial Strength: Promises Kept
"It all begins with financial strength, which allows us to meet our future obligations to policyholders. New York Life Insurance Company holds a stable and diversified portfolio and consistently receives the highest ratings for financial strength from the life insurance industry’s independent rating agencies. We’ve earned these ratings: Our capital position is one of the strongest in the industry, giving us the financial strength to weather unexpected storms."
