New York Life Insurance Company

12,000 Total Employees
Year Founded: 1845

New York Life Insurance Company Company Growth, Stability & Outlook

Updated on August 31, 2026

New York Life Insurance Company Employee Reviews

Being a mutual company means we have real control over the decisions we make — and that's a tremendous opportunity. We're stable and long-term focused, but we're also genuinely committed to bringing in outside thinking and moving things forward quickly.

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Joel, Senior Vice President, Founder & Head of New York Life Ventures
Joel, Senior Vice President, Founder & Head of New York Life Ventures

What People Are Saying About New York Life Insurance Company

  • Profitability: Operating earnings reached a record $3.6 billion in 2025, up 4% year over year. Consecutive record years through 2024–2025 point to momentum in core earnings performance.
  • Investor Backing & Capital Strength: Total surplus rose to $34.7 billion in 2025 from $33.3 billion in 2024, and the company reports the highest financial strength ratings across A.M. Best, Fitch, Moody’s, and S&P. A record $2.8 billion dividend declared for 2026 further reflects balance‑sheet depth in a mutual structure.
  • Product Line Growth: Insurance sales increased 14% and annuity sales rose 40% in 2025, with mutual fund sales up 7%. Individual life insurance in force neared $1.3 trillion and AUM reached about $892 billion at year‑end 2025, indicating broad‑based expansion across offerings.