NEW YORK, September 13, 2017—New York Life, America’s largest mutual life insurer, today announced that all four major ratings agencies—A.M. Best, Fitch Ratings, Moody’s Investors Service, and Standard & Poor’s—have once again affirmed that the company holds the highest possible ratings for financial strength. Out of the 800 life insurers in the United States, New York Life remains one of only two life insurers awarded the highest possible financial strength ratings by all four major rating agencies.
In June, Fitch Ratings affirmed New York Life’s financial strength rating of AAA, its highest possible rating. In July, both A.M. Best and Standard & Poor’s affirmed New York Life’s A++ and AA+ ratings, respectively—each rating firm’s highest possible score. Finally, in August, Moody’s Investors Service affirmed the company’s Aaa rating, its top rating.
The major rating agencies identified numerous strengths of New York Life in affirming the company’s ratings this year. These include:
A.M. BEST—RATING OF A++ (HIGHEST) AFFIRMED JULY 20, 2017
FITCH RATINGS—RATING OF AAA (HIGHEST) AFFIRMED JUNE 27, 2017
MOODY’S INVESTORS SERVICE—RATING OF AAA (HIGHEST) AFFIRMED AUGUST 1, 2017
STANDARD & POOR’S—RATING OF AA+ (HIGHEST FOR LIFE INSURERS) AFFIRMED JULY 14, 2017
FOR THE AGENCIES’ COMPLETE AND CURRENT PUBLIC COMMENTARY ON NEW YORK LIFE, CLICK HERE:
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 www.newyorklife.com for more information.