New York Life Named a Top 50 Company by the National Association for Female Executives for the Third Consecutive Year
2012 List Recognizes Companies for their Commitment to Women’s Advancement in the Workplace
NEW YORK, NY, February 9, 2012 – New York Life has been named one of the “Top 50 Companies for Executive Women” by the National Association for Female Executives (NAFE). New York Life was recognized for the third consecutive year, and five out of the last seven years, as an organization that is committed to hiring, retaining and promoting executive women.
“We are pleased to receive this recognition for something that is deeply ingrained in our culture, where women are provided with opportunities to grow personally and professionally and fully contribute to the success of the company,” said Maria Mauceri, first vice president and actuary, Human Resources Department, New York Life. “This list serves as an endorsement of our success at developing and supporting talented women and illustrates why women looking to meet their personal and career goals are attracted to New York Life.”
“We applaud New York Life for its focus on advancing women to the highest ranks,” said Betty Spence, Ph.D., president of NAFE. “They identify women leaders early and ensure they get the training and sponsorship they need to succeed.”
Companies selected for this honor must have at least two women on the board of directors as well as at least 500 employees. In addition to assessing corporate programs and policies dedicated to advancing women, NAFE analyzed the number of women at the highest ranks and those with profit-and-loss responsibilities.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual Top Companies and the Women of Excellence lists. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation. 2012 marks the 40th anniversary of NAFE.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life's Web site at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 5, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/ for methodology.
**Source: Individual Third Party Ratings Report as of 1/25/12.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management