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2011 financial information

In 2011, New York Life's sales of insurance and investment products, operating earnings and assets under management set new records for the company. Sales of insurance products increased nearly 4% to $1.3 billion, while sales of investment products increased 35% to more than $51 billion. Operating earnings increased 2% over 2010 to $1.44 billion. Assets under management reached a record of $338 billion, an increase of nearly 10% from 2010.

Operating earnings of $1.44 billion exceeded the record $1.41 billion set in 2010, despite a challenging economy. This marked the fourth year in the last five years that operating earnings have achieved new record highs, a reflection of how we manage for long-term strength so our policyholders can count on us year after year.

The company added $1 billion to surplus for the year, increasing the company's financial strength to $17.9 billion. The majority of our 2011 surplus gain came from strong operating gains, as well as gains from the sale of certain international operations. Our discipline of maintaining a large financial cushion has been more than validated in recent years, helping us maintain our highest-possible financial strength ratings and provide peace of mind to policyholders through the financial crisis and its aftermath.

New York Life Report to Policyholders: Contains the answers to frequently asked questions about our company. 2011 Report to Policyholders
New York Life Annual Report: 2011 Annual Report
Management Statement Concerning the Annual Report: Although we are not an SEC registrant, we have elected to comply voluntarily with section 302 of the Sarbanes-Oxley Act of 2002. 2011 AR Management Statement
New York Life Insurance Company and Subsidiaries Consolidated Financial Statements (GAAP basis): Our financial results presented in a format consistent with generally accepted accounting principles. 2011 NYLIC and Subsidiaries Unabridged Consolidated Financial Statements (GAAP Basis)
Operating Earnings and Operating Revenue: Reconciliation of Consolidated GAAP results to Non-GAAP Financial Measures (Operating Earnings and Operating Revenue)
Statutory Financial Information: As reported to applicable state insurance departments. 2011 Financial Information (Statutory Basis)

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