New York Life Insurance Co - Company Profile
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New York Life Insurance Co (New York Life) is a mutual life insurance company. The company offers a wide range of insurance and investment products and services, which includes life insurance, annuities, long-term care insurance, disability insurance, pension products, and mutual funds. Its life insurance products include whole life insurance, term life insurance, and universal life insurance. It also offers business solutions, estate planning, and wealth management services. New York Life operates through a network of offices and customer service centers in the US. The company principally operates in North America, Europe, Australia, and Asia. New York Life is headquartered in New York City, New York, the US.
Headquarters
United States of America
Address
51 Madison Avenue, New York City, 10010
Website
www.newyorklife.com
Telephone
1 212 5766000
No of Employees
11,388
Industry
Financial Services
Revenue (2022)
$25.9B
New York Life Insurance Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Life Insurance: | Estate Planning | NYLIAC |
| Term Life Insurance | Wealth Management | |
| Universal Life Insurance | Business Solutions | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company acquired a minority stake in Fairview Capital. |
| 2022 | Contracts/Agreements | In December, the company entered into a partnership with Human API to provide a better purchasing experience to its customers. |
| 2022 | New Products/Services | In September, the company launched two Wealth Plus policies including Secure Wealth Plus and Market Wealth Plus. |
Competitor Comparison
| Key Parameters | New York Life Insurance Co | MetLife Inc | The Northwestern Mutual Life Insurance Co | Pacific Life Insurance Co | American Family Insurance Group |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York City | New York | Milwaukee | Newport Beach | Madison |
| State/Province | New York | New York | Wisconsin | California | Wisconsin |
| No. of Employees | 11,388 | 45,000 | 7,600 | 3,760 | 13,500 |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Craig DeSanto | Chairman; Chief Executive Officer; Director; President | Executive Board | 2023 | - |
| Eric A. Feldstein | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | - |
| Bill Cassidy | Senior Vice President; Chief Information Officer | Senior Management | - | - |
| Jomil Guerrero | Chief Diversity Officer | Senior Management | 2023 | - |
| Benjamin Rosenthal | Senior Vice President; Chief Risk Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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