New York Life Insurance

    life insurance and annuities

    Headquarters: 51 Madison Ave., New York, NY 10010
    http://www.newyorklife.com/

    2009 Operating revenue: $14.38 billion (up $400 million from 2008)

    Key Officers: Theodore A. Mathas, Chairman, President, and Chief Executive Officer; Michael E. Sproule, Executive Vice President and Chief Financial Officer; Sue Ericksen, Senior Vice President Corporate Information and Chief Technology Officer

    New York Life led the industry in life insurance market share in 2009.

    The New York Life Insurance Company is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world. Although the 165-year-old company has branched out geographically (targeting international areas such as Mexico and India), the company has retained its core business: life insurance and annuities. New York Life’s products include long-term care insurance, group health insurance and disability income.

    New York Life Insurance Company and its subsidiary, New York Life Insurance and Annuity Corporation, have the highest ratings for financial strength from the life insurance industry’s principal rating agencies, and did not receive a ratings downgrade after the 2008 financial crisis.

    The New York Life Insurance Company ranks #64 on the 2010 Fortune 500, making it the highest privately held insurance company on the list.

    Sources: NewYorkLife.com, Money.Cnn.com

    Compiled by Life Quotes, Inc. staff

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Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

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Copyright ©1984-2012 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.