As the largest mutual life insurance company in the United States1 and a Fortune 100 company, our mission is embedded in our responsibility to deliver peace of mind and financial security to our policy owners, above all else.
In this report, we’ll share our commitment to Our People, Our Communities, Our Environment, and Our Governance. It also details how important our commitment to environmental impact, connection with our communities, and proper governance is to the company’s long-term strategy and our efforts to be a force for good in society and for the environment.
Mutuality – being in it together – has served New York Life well for 175 years. I believe it will not only serve us for the next 175 years but can also serve as an example of what is possible when – together – we work to prepare the world for an even brighter future.
Chairman and CEO, New York Life
At New York Life, everyone is encouraged to feel comfortable bringing their full, authentic selves to work every day. We’re dedicated to fostering a diverse and inclusive work environment. Because we know that our differences help us do our best and most innovative work, providing ﬁnancial security and peace of mind to our policy owners. Diversity and inclusion are deeply embedded within our company’s culture, and we continue to examine new ways to emphasize this commitment.
Our core value of Integrity is central to all facets of New York Life’s business. Everything we do is dependent on people believing that we will never take chances with their future and trusting that we will always live up to the promises we make.
An Ethics Hotline is administered by an independent 3rd-party partner. It allows employees and the general public to report concerns of possible unethical or unlawful behavior to the company.
New York Life and our workforce donate funds and resources to support communities hit by disasters. At critical times, we pull our collective strength for recovery. Often providing bereavement resources on the heels of trauma, we are committed to being there when people need us most - including when the unexpected strikes.
Our mission is to provide financial security and peace of mind through our products and services. Our long-term view and core values of humanity, integrity and financial strength associated with that mission underscore our genuine concern for the markets and environment in which we do business.
Since 2008, over 600 grants of $5,000 to $25,000 apiece have been awarded to children's food programs, children’s hospitals, senior services, children's bereavement organization, community builds, and many other initiatives across the country, resulting in nearly $8 million in direct funds to local communities.
Agents and field employees who are actively engaged and serve as local "champions" for a nonprofit can apply for a competitive Community Impact Grant.
We’re proud of the legacy of service we’ve provided to young people and communities. Learn how the New York Life Foundation has made a real impact.
Legislative and regulatory policy changes can affect how New York Life operates and provides guidance and guarantees to our clients.
New York Life’s Office of Governmental Affairs (OGA) engages in the public policy arena on issues of importance to the company, our agents, and clients. New York Life publicly discloses its federal lobbying activities on quarterly reports that can be found on the following website: https://lobbyingdisclosure.house.gov/.
New York Life’s policies prohibit the contribution of corporate funds3 to:
1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2/21. For methodology, please see http://fortune.com/fortune500/.
2Stated figures are as of 6/30/21.
3Contributions by the New York Life Political Action Committee, which is funded entirely through the voluntary contributions of agents and employees, are publicly disclosed and can be found on the website of the Federal Election Commission at www.fec.gov. New York Life complies with all laws and regulations governing lobbying and PAC activity and provides a report annually on such activity to the company’s Board of Directors.