New York Life Insurance
RANK
72
New York Life Insurance, the largest mutual life insurer in the U.S., saw strong continued demand for its products, which also include retirement income products, investment management services, and long-term care insurance. In 2021, its revenue increased 10% to $51.2 billion, and it swung from a loss in 2020 to a modest profit, as the company adjusted to life insurance payouts related to the COVID-19 pandemic.
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Company Information
As of 2/1/2023
Country
U.S.
Headquarters
New York City
Industry
Insurance: Life and Health
CEO
Craig DeSanto
Website
Company Type
Private
Ticker
-
Revenues ($M)
$51,199
Profits ($M)
$277
Market Value ($M)
-
Employees
14,344
Figures are for fiscal year ended Dec. 31, 2021.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$51,198.5
9.6%
Profits ($M)
$277.1
-
Assets ($M)
$379,984.6
-
Total Stockholder Equity ($M)
$24,566.4
-
Profit Ratios
Profit as % of Revenues
0.5%
Profits as % of Assets
0.1%
Profits as % of Stockholder Equity
1.1%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
-
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2021)
-
Total Return to Investors (5 year, annualized)
-
Total Return to Investors (10 year, annualized)
-
New York Life Insurance Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $46,712.45.9% | $-822.3-181.9% | $359,312.5 | $21,728.4 |
| 2020 | $44,116.61.6% | $1,003.814.1% | $330,806.3 | $22,032.3 |
| 2019 | $43,425.32.7% | $880-52.9% | $311,449.3 | $21,006.5 |
| 2018 | $42,2963.7% | $1,866.971.6% | $303,182.8 | $20,357 |
| 2017 | $40,787-11.1% | $1,088.1324.1% | $287,196 | $20,108 |
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Latest news for New York Life Insurance
- Magazine
The companies business leaders admire the most—and are watching closelyFebruary 1, 2021, 10:30 AM UTC