Global 500

Rank
243
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New York Life Insurance

The New York Life Insurance Building, New York, located at 51 Madison Avenue, Manhattan, New York City. Viewed from the Empire S
FR3C87 The New York Life Insurance Building, New York, located at 51 Madison Avenue, Manhattan, New York City. Viewed from the Empire SBailey-Cooper Photography/Alamy Stock Photo
  • Previous Rank
    198
  • Revenues ($M)
    40787
  • Revenue Percent Change
    -11.1
  • Profits ($M)
    1088.1
  • Profits Percent Change
    324.1
  • Assets ($M)
    287196
  • Employees
    11320

An industry behemoth, New York Life Insurance set company records in its core life insurance and annuity businesses in 2016. It also managed to raise its surplus and asset valuation reserve to a record $23.2 billion despite a substantial dividend payout ($1.8 billion) and low interest rates that challenged the entire industry.

Company Information

CEOTheodore A. Mathas
SectorFinancials
IndustryInsurance: Life, Health (Mutual)
HQ LocationNew York, NY
Websitewww.newyorklife.com
Years on Global 500 List23
Employees11,320

Key Financials (Last Fiscal Year)

Revenues ($M)$40,787
Profits ($M)$1,088.1
Assets ($M)$287,196
Total Stockholder Equity ($M)$20,108

Profit Ratios

Profit as % of Revenues2.7%
Profits as % of Assets0.4%
Profits as % of Stockholder Equity5.4%