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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