NEW YORK, October 3, 2018—New York Life, America’s largest mutual life insurer, announced today that major ratings agencies–Fitch Ratings, Standard & Poor's and A.M. Best–have affirmed that New York Life maintains the highest possible ratings for financial strength. The company also holds the highest financial strength rating from Moody’s Investors Service, as of its recently released credit opinion.
New York Life remains one of only two life insurers with the highest financial strength ratings currently awarded to any insurer by all four of the major rating agencies, out of 800 life insurers operating in the United States today.
In June, Fitch Ratings and Standard & Poor's affirmed New York Life's financial strength rating of AAA and AA+, respectively–each firm's top possible rating. Also, in July, A.M. Best affirmed New York Life's financial strength rating of A++, which is its highest rating. Moody's Investors Service's financial strength rating of New York Life remains Aaa, its top rating, based on the agency's most recent credit opinion dated July 30, 2018.
Highlights from these major ratings agencies affirming New York Life's financial strength, include:
New York Life Insurance Company, (www.newyorklife.com), 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. 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 has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies**.
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* Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/1/18. For methodology, see http://fortune.com/fortune500/.
** Individual independent rating agency commentary as of 7/30/2018: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+)