New York Life Insurance Company, founded in 1845, is the largest mutual life insurer in the United States. It offers a range of life insurance and financial products, focusing on providing trusted guidance and protection to its policyholders. For more information, you can explore their official website. New York Life Insurance Company is recognized for its extensive history and commitment to policyholders. Here are some key points about the company:
Company Overview
Founded: 1845
Type: Mutual insurance company, owned by policyholders
Headquarters: New York Life Building, New York, NY
Industry: Life insurance and annuities
Products Offered
Whole life insurance
Term life insurance
Universal life insurance
Variable universal life insurance
Long-term care insurance
Annuities
Disability insurance
Financial Performance
Revenue: $58.445 billion (2022)
Net Income: -$1.13 billion (2022)
Total Assets: $392.13 billion (2022)
Assets Under Management: $670 billion (2023)
Key People
CEO: Craig DeSanto
Chairman: Ted Mathas
Historical Significance
New York Life was the first U.S. insurer to offer life insurance to women at the same cost as men in 1894.
The company has paid dividends to policyholders every year since 1854.
Community Involvement
The New York Life Foundation focuses on childhood bereavement and supports various charitable initiatives, including partnerships with organizations like the National Alliance of Grieving Children.
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