Skip to Content
  • Previous Rank
    243
  • Revenues ($M)
    $42,296
  • Revenue Percent Change
    3.7%
  • Profits ($M)
    $1,866.90
  • Profits Percent Change
    71.6%
  • Assets ($M)
    $303,182.80
  • Employees
    11,114

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.

Created with sketchtool.Created with sketchtool.Looking for leads, investment insights, or competitive intelligence?Buy Now

Company Information

CEO
Theodore A. Mathas
Sector
Financials
Industry
Insurance: Life, Health (Mutual)
HQ Location
New York City
Websitehttp://www.newyorklife.com
Years on Global 500 List24
Employees11,114

New York Life Insurance Rank History

placeholder

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$42,2963.7%
Profits ($M)$1,866.9071.6%
Assets ($M)$303,182.80-
Total Stockholder Equity ($M)$20,357.00-

Profit Ratios

Profit as % of Revenues4.4%
Profits as % of Assets0.6%
Profits as % of Stockholder Equity9.2%