Corporate Social Responsibility

New York Life's 2022 Diversity, Equity, and Inclusion Report.

New York Life's 2022 Diversity, Equity,and Inclusion (DE&I) Report explores the company’s approach to DE&I and underscores New York Life’s commitment to employees, agents, policy owners, and communities. According to Kathleen Navarro, Human Resources Head of Business Enablement and Diversity, Equity, and Inclusion, “DE&I at New York Life is not the work of one area, but a guiding principle that permeates what we do across the company.”

The report highlights the evolution of DE&I at New York Life and the company’s focus on target and cultural markets, impact investing, and community and foundation commitments.

"We empower each other and believe in our collective ability — and responsibility — to create better tomorrows in the world around us."

—Craig DeSanto, CEO and President; and Kathleen Navarro, Senior Vice President, Human Resources Head of Business Enablement and Diversity, Equity, and Inclusion

Diversity, Equity, and Inclusion at New York Life

42%

of our workforce
are people of color¹

87%

of employees agree that people from all backgrounds can succeed at New York Life

50%

of our Board of Directors
consists of women and people of color¹

$33.9B

in generally tax-free transferable wealth created by our Cultural Markets agents²

Learn about our Cultural Ambassador program.

Learn about our Building My Career development program.

Diversity, Equity, and Inclusion

Our commitment and approach to DE&I at New York Life

How we develop the most diverse agent force in the industry

Serving the communities our agents and employees live and work in is at the core of New York Life’s mission to provide financial security and peace of mind.

How we support students, bereavement, and social justice in America

While the New York Life Foundation has always supported underserved and diverse communities through educational enhancement and childhood bereavement support, in 2022 a third pillar was added: social justice.

The power of pursuing profits with a purpose: our impact investing

Recent societal events have created the urgency to address economic inequities in the U.S. and consider creative ways to impact change. At New York Life, we announced our $1 billion impact investment initiative to help address the racial wealth gap in America and expand economic opportunity.

Our employee survey:

New York Life employees were asked to provide five words that describe the company. More than 34,000 words were submitted, with more than 3,000 unique words. As shown in the word cloud on these pages, the most commonly cited words were “diverse” and “inclusive.” The word cloud with the top survey responses along with the results of four key questions from the survey can be viewed below:

View word cloud

Go back to our newsroom to read more stories.

Media contact

Kevin Maher
New York Life Insurance Company
(212) 576-7937
Kevin_B_Maher@newyorklife.com

¹Representation is as of 12/31/22 and excludes investment boutiques and partners in the field. “Other” refers to employees who self-identify their race as other than Asian, Black, Hispanic and Latino, or White.
²Based on the face amount of life insurance policies sold by agents affiliated with one of New York Life’s Cultural Markets as of November 30, 2022.