NEW YORK, N.Y., August 17, 2023 – New York Life, America’s largest mutual life insurer1, today pledged $200,000 toward relief efforts in the aftermath of the wildfires that struck Maui and the surrounding areas. This includes immediate support of $150,000 to the Maui Strong Fund and $50,000 to the Maui Food Bank. In addition, the company will match workforce donations to these two organizations up to $100,000.
“Our thoughts are with the people of Hawaii in the aftermath of these devastating wildfires. New York Life is committed to being there when people need us the most,” said Heather Nesle, senior vice president, Corporate Responsibility, New York Life.
In 2022, New York Life and the New York Life Foundation combined to provide over $32.1 million in charitable contributions, including $3.3 million in response to various disasters.
About New York Life
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest1 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 financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.2
1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/25/2023. For methodology, please see https://fortune.com/fortune500/
2Individual independent rating agency commentary as of 10/18/2022: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).