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2003 Financial Highlights (in millions)

  2003 2002
Assets Under Management* $202,131 $179,772
Adjusted Operating Revenue** $9,728 $9,228
Net Income*** $1,120 $1,016
Adjusted Operating Earnings $928 $884
Surplus and Asset Valuation Reserve $10,810 $8,779
Individual Life Insurance In Force $556,049 $523,799

*Represents Consolidated Domestic and International Insurance Company Statutory assets and third-party assets principally managed by New York Life Investment Management LLC, a wholly owned subsidiary of New York Life Insurance Company.

**Adjusted Operating Revenue includes primarily premium and fee income from our insurance and non-insurance operations, both domestically and internationally.

***According to Generally Accepted Accounting Principles.

Other Data
  U.S.A. International
Licensed Agents 10,700 16,000
Employees 8,100 4,000

 

 

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2003 Financial Highlights (in millions)

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