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  • Previous Rank243
  • Revenues ($M)$42,296
  • Revenue Percent Change3.7%
  • Profits ($M)$1,866.90
  • Profits Percent Change71.6%
  • Assets ($M)$303,182.80
  • Employees11,114

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.

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Company Information

Theodore A. Mathas
Insurance: Life, Health (Mutual)
HQ Location
New York City
Years on Global 500 List24

New York Life Insurance Rank History

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%