NEW YORK, May 23, 2016—New York Life has been named one of the 2016 “Best Companies for Multicultural Women” by Working Mother magazine—an honor which recognizes U.S. companies that create and use best practices in hiring, retaining and promoting women of color.

The Working Mother Research Institute has conducted the study since 2003, tracking corporations’ progress in promoting women of color and evaluating their representation at every level of management and decision-making.

“We are proud to be named a Working Mother ‘Best Company for Multicultural Women’ again this year, said Kathleen Navarro, Vice President and Chief Diversity Officer, New York Life. “We believe that having a diverse and inclusive workplace is not only good for our company, but it is also a competitive strength in the marketplace. Cultivating a diverse and inclusive workplace allows us to better serve our clients and makes us a stronger company.”

Subha V. Barry, VP, General Manager, Working Mother Media, said, “Now is the time for women and women of color to emerge. The progress that has been made among top earners this year—with the representation of multicultural women quadrupling—is astounding, and reflects that companies who put resources behind growing their multicultural talent will get a big return.”

Jennifer Owens, Editorial Director, Working Mother Media, stated, “A key factor in helping women of color to advance is sponsorship. We are encouraged to see that more and more ‘Best Companies’—76 percent versus 68 percent a year ago—are committed to making sure multicultural woman have access to leaders who can help guide their careers.”

An Executive Summary of the 2016 Working Mother report can be found on


Working Mother Media (WMM), a division of Bonnier Corporation (, publishes Working Mothermagazine and its companion website, The Working Mother Research Institute (, The National Association for Female Executives (, and Diversity Best Practices ( are also units within WMM. WMM’s mission is to serve as a champion of culture change. Working Mother magazine is the only national magazine for career-committed mothers. Follow us on Facebook, Twitter, Linkedin and Pinterest.


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 website at for more information.


*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, see

**Individual independent rating agency commentary as of 8/11/15.

***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 LLC.