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  • Previous Rank297
  • Revenues ($M)$45,891
  • Revenue Percent Change18.6%
  • Profits ($M)$257
  • Profits Percent Change-84%
  • Assets ($M)$271,668
  • Employees11,463

For a second consecutive year, New York Life Insurance’s managed assets soared past $500 billion in 2015–and that wasn’t the only highlight in the mutual life insurance behemoth’s most recent annual report. The firm also brought in a record $1.3 billion in sales, is planning a record $1.7 billion dividend payout to policyholders in 2016, and achieved operating earnings of $1.9 billion (second only to its record $2.02 billion in 2014 operating earnings). New York Life, along with AIG, also sold an industry-topping $3 billion in fixed annuities in the first quarter of 2016. Analysts from Limra expect sales in the fixed annuity market to continue spiking in the face of market volatility.

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Company Information

CEO
Theodore A. Mathas
Sector
Financials
Industry
Insurance: Life, Health (Mutual)
HQ Location
New York, NY
Employees11,463
Websitehttp://www.newyorklife.com
Years on Global 500 List22

New York Life Insurance Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$45,89118.6%
Profits ($M)$257-84%
Assets ($M)$271,668-
Total Stockholder Equity ($M)$19,496-

Profit Ratios

Profit as % of Revenues0.6%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity1.3%