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Global 500

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258

New York Life Insurance

U.S.

Despite lower interest rates and fewer life insurance policy sales on an industry-wide basis in 2017, the country’s third largest life insurer, New York Life Insurance Company, managed to post a 4% gain in revenue and an increase in profit. In turn, New York Life has pointed to its team of 12,000 policy-selling agents as its secret sauce. It wasn’t a perfect year, however. New York Life sought to pay nearly $3.4 million to settle a class action lawsuit with 25,830 members who alleged that the company made telemarketing calls using an automated dialing system.

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CEO

Theodore A. Mathas

Sector

Financials

Industry

Insurance: Life, Health (Mutual)

HQ Location

New York City

Years on Global 500 List

24

Employees

11,114

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$42,2963.7%
Profits ($M)$1,866.971.6%
Assets ($M)$303,183
Total Stockholder Equity ($M)$20,357
Profit Ratios
Profit as % of Revenues4.4%
Profits as % of Assets0.6%
Profits as % of Stockholder Equity9.2%