Financial Strength Is Built on Integrity
Integrity and Responsibility—Keys to Strong Relationships
Now more than ever, New York Life Insurance Company and its policyholders are going strong – for over 170 years. As the parent company of New York Life Insurance and Annuity Corporation (NYLIAC), the issuer of New York Life Annuities, we are one of the largest corporations in America. Our 2015 year-end numbers bear this out:
- $271.7 billion in statutory consolidated assets for New York Life Insurance Company. With NYLIAC contributing $132.2 billion.1
- New York Life Insurance Company has a statutory consolidated surplus and Asset Valuation Reserve of $22.7 billion – with NYLIAC possessing surplus and Asset Valuation Reserve of $9.0 billion1
- New York Life Insurance Company is a "Fortune 100" company with total annual revenues of $45.9 billion – of which NYLIAC contributed $16.2 billion.2
- 72% of New York Life Insurance Company's statutory consolidated cash and invested assets are invested in bonds (80% for NYLIAC) with 93% held in investment-grade bonds.
What the Rating Agencies Say
New York Life Insurance Company and NYLIAC have the highest ratings for financial strength currently awarded to any life insurer by all four major rating agencies.3
At New York Life, the promise to be there when our customers need us drives us to stay strong and solvent. New York Life is not only one of the financially strongest companies in the business, we’re also one of the most admired and respected. Our commitment to integrity forms the foundation of who we are and compels us to do things the right way, for the right reasons. We maintain high standards – from our sales and compliance practices to our accounting and auditing processes and procedures. That is why we’re consistently on Fortune's "Most Admired" list.4
See below for important information.
To learn more about why financial strength matters, talk to your financial representative today.
- As of 12/31/15, New York Life Insurance Company’s statutory assets totaled $163.6 billion, its liabilities totaled $141.8 billion, and its surplus and Asset Valuation Reserve (AVR) totaled $21.8 billion (AVR, a special reserve that stabilizes surplus from fluctuations in the market value of bonds, stocks, mortgage loans, real estate, and other invested assets, totaled $2.3 billion and surplus totaled $19.5 billion). The statutory assets of NYLIAC totaled $132.2 billion, its liabilities totaled $123.2 billion and its surplus and AVR totaled $9.0 billion (AVR totaled $0.9 billion and surplus totaled $8.1 billion).
- Based on 2015 revenue as reported by "The Fortune 500," Fortune Magazine, 2015.
- A.M. Best-A++, Fitch-AAA, Moody’s-Aaa, S&P-AA+, as of 08/11/2015.
- For 2016, New York Life Insurance Company was ranked as the second most admired company in the Life and Health Insurance sector by Fortune Magazine (Feb. 2016). Visit http://fortune.com/worlds-most-admired-companies/new-york-life-insurance-100000/ for more information.
- Not FDIC/NCUA insured
- Not a Deposit
- May Lose Value
- No Bank Guarantee
- Not Insured by Any Government Agency