Matt Grove Talks Mutuality with Best's Review.

In this article Senior Vice President Matt Grove shares how policy owners benefit from New York Life's mutuality which enables the company to focus on permanence rather than optimization of quarterly results and make decisions for the long term. 

Read about these topics and more in the full Best article.

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Further Reading

This is a third party article reprint provided as a courtesy by New York Life Insurance Company with permission from Best’s Review.  New York Life Insurance Company, 51 Madison Ave. New York,  NY 10010, is the largest mutual life insurance company in the United States, based on revenue as reported by “Fortune 500 ranked within industries, Insurance, Life, Health (Mutual),” Fortune 06/12/17. For complete methodology see Fortune.com/fortune500/.

New York Life’s total surplus of 23.3 billion includes Asset Valuation Reserve (AVR). It is presented on a consolidated basis of the company and includes statutory surplus for New York Insurance and Annuity Corp., a wholly-owned  subsidiary of New York Life. Dividends are payments made to eligible policy owners of New York Life Insurance Company. For complete information on New York Life’s financial information, including the  company’s 2016  Annual Report to Policy Holders, ago to https:www.newyorklife.com/aboutfinancial information/2016-fiancial-information