Right now, the world has never seemed more uncertain. The COVID-19 pandemic has plunged us all into uncharted territory – challenging our health, our livelihoods, our economies, and our social structures.
None of us know exactly what’s coming next. For anyone planning their financial future, it’s essential to choose a partner that’s successfully weathered what’s come before.
Commitment built on experience
New York Life has been successfully navigating the unexpected for 175 years.
From the yellow fever epidemics of the 19th century to the great pandemic of 1918, two world wars, the Great Depression, and the Financial Crisis of 2008-09, we’ve steered our customers through some of the toughest times in history – and we’re well-positioned to do so again.
We can promise to be here for all our policy owners and customers in these challenging times and the years ahead because of who we are and what we offer:
Built for times like these
During the global financial crisis in 2008, New York Life Chairman and CEO Ted Mathas said, “We were built for times like these.” Our ability to weather the economic impact of that event was grounded in our prudent business strategy.
Today, New York Life –stands as secure and resilient as we have for generations. Our mutuality, without the distraction of outside shareholders, allows us to maintain a long-term view and stay rooted in our core values of financial strength, humanity and integrity. With a strong capital position, ample financial surplus, and one of the industry’s most diversified business and investment portfolios, we will continue to be there for our policy owners and customers, whatever lies ahead.
New York Life is, indeed, built for times like these.
BUILT FOR TIMES LIKE THESE is a trademark of New York Life Insurance Company.
SMRU 1851847 (Exp.09.30.20)
1 Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune, 6/1/19. For methodology, please see http://fortune.com/fortune500/.
2 Dividends are not guaranteed. New York Life Insurance Company is a mutual company and issues participating policies, and it has wholly owned stock subsidiaries that also issue policies and those are not participating. Source: NAIC Annual Statement for applicable year.
3 Based on publicly available information on New York Life’s peer mutual U.S. life insurers. This peer group comprises major mutual U.S. insurance companies for whom life insurance is their primary focus and primary line of business, and whose dividend information is made publicly available.
4 Individual independent rating agency commentary as of 9/12/19: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).
5As of December 31, 2019, New York Life Insurance Company has a statutory consolidated surplus and asset valuation reserve of $26.97 billion. You can view all audited statutory financial statements for New York Life at https://www.newyorklife.com/report-to-policy-owners.
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