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 that offers a wide range of insurance and investment products and services. The company's main activities include providing life insurance, annuities, long-term care insurance, pension products, disability insurance, and investment advisory services. Notable products include term life insurance, whole life insurance, universal life insurance, variable universal life insurance, long-term care insurance, and individual disability insurance. New York Life also offers investment vehicles such as annuities, mutual funds, exchange-traded funds (ETFs), and 529 college savings plans. Additionally, it provides advisory services for wealth management, estate planning, and small business services. The company's products and services are designed to cater to individuals, families, and businesses across various industries, providing financial protection and wealth-building opportunities. The company operates throughout the US and its territories, Mexico, and Canada, and provides investment management and advisory services in the US, Europe, Asia, and Australia. New York Life is headquartered in 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
15,000
Industry
Financial Services
Revenue (2023)
$23.8B
New York Life Insurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Insurance: | Estate Planning |
| Term Life | Wealth Management |
| Whole Life | 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. |
| 2024 | Contracts/Agreements | In April, the company partners with the New York Yankees on a new $100,000 strikeout series benefitting SCAN harbor. |
| 2024 | New Product Approvals | In January, the company launched voluntary benefits designed to support employees’ financial well-being. |
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 | 15,000 | 45,000 | 7,600 | 3,760 | 13,500 |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Craig L. DeSanto | Chief Executive Officer; Chairman; President | Executive Board | 2023 | 47 |
| 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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