2007 Financial Information

2007 was another year of record performance for New York Life. Total insurance sales grew 15 percent over 2006, topping $3.03 billion; and investment sales ended the year at $35.6 billion. Operating revenues totaled nearly $13 billion and operating earnings were up 17 percent, to nearly $1.28 billion. Our surplus and asset valuation reserves – the funds that provide safety and security for our policyholders – grew over $800 million, to $14.7 billion.

In August 2007, even as the U.S. credit markets were experiencing their most severe deterioration in a decade, Standard & Poor’s announced its upgrade of New York Life’s financial strength rating to AAA, their highest ranking. This gives New York Life the highest possible financial strength ratings from all four major rating agencies, a distinction held by only two other life insurers.

You can learn more about New York Life’s financial performance, business strategies and newest products by clicking on the links to the right.

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