Financial strength

Financially strong. Singularly focused.

As a mutual insurance company, New York Life operates much like a Membership Association or Affinity Group. That’s because we serve only one constituency—our policyholders—so it’s easy to remain true to our mission and focused on what matters most.

Our business is unique. When our clients partner with us, they receive a promise. A promise that the company they are working with will be there, strong and solvent, decades from now to pay a claim, or help pay the bills for extended care. As a result, New York Life’s management team has one overriding objective: to ensure that the right decisions are made today, so that New York Life can continue to meet its obligations to policy holders tomorrow and far into the future.

You can count on us in good times and bad.

We’ve all seen the impact the Great Recession had on the financial services industry. Through it all, New York Life has thrived. In fact, we continue to receive the highest ratings for financial strength currently awarded to any U.S. life insurer from all four of the major credit rating agencies, and our surplus has never been greater than it is right now.1


1 Total Surplus, which includes the Asset Valuation Reserve (AVR), is one of the key indicators of the company’s long-term financial strength and stability and is presented on a consolidated basis of the company. New York Life Insurance Company’s (NYLIC’s) statutory surplus was $22.03 billion at year-end 2019 and $21.01 billion at year-end 2018. Included in NYLIC’s statutory surplus is New York Life Insurance and Annuity Corporation’s (NYLIAC’s) statutory surplus totaling $9.35 billion at year-end 2019 and $8.59 billion at year-end 2018. AVR for NYLIC was $3.37 billion at year-end 2019 and $2.59 billion at year-end 2018. AVR for NYLIAC was $1.56 billion at year-end 2019 and $1.21 at year-end 2018. For further financial information, including detailed information about our investment strategy, visit our website at

2Source: Individual Third-Party Ratings Reports as of 9/12/2019.