New York Life Insurance

OverviewSuggest Edit

New York Life Insurance is a company that provides a range of insurance and investment products and services. It offers term and whole life insurance, long-term care insurance, pension products, disability insurance, and mutual funds. The company also provides variable, fixed, and guaranteed income annuities; a suite of services, including finance and accounting, sales and marketing, and compliance and administration services; and business insurance solutions.

TypePrivate
Founded1845
HQNew York, NY, US
Websitenewyorklife.com
Employee Ratings3.9
Overall CultureA+

Locations

New York Life Insurance is headquartered in
New York, United States

Location Map

Latest Updates

Employees (est.) (Oct 2021)33,367
Job Openings354
Revenue (FY, 2019)$34.5 B(+20%)
Cybersecurity ratingCMore
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Key People/Management at New York Life Insurance

Scott Berlin

Scott Berlin

Senior Vice President
Heather Nesle

Heather Nesle

President of the NYL Foundation
Dan O'Brien

Dan O'Brien

Vice President
David Williams

David Williams

CVP, Advertising & Sponsorships
Raghu Rangachar

Raghu Rangachar

Vice President and Actuary
Kathy Scollan

Kathy Scollan

Vice President
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New York Life Insurance Office Locations

New York Life Insurance has offices in New York, Austin, Dallas, Duluth and in 19 other locations
New York, NY, US (HQ)
51 Madison Ave
Austin, TX, US
IV, 6200 Bridge Point Pkwy #300
Dallas, TX, US
12201 Merit Dr #1000
Duluth, GA, US
2170 Satellite Blvd #350
Edison, NJ, US
379 Thornall St 8th Floor, Iselin
Fairview Park, OH, US
20595 Lorain Rd #314
Show all (23)

New York Life Insurance Financials and Metrics

Summary Metrics

Founding Date

1845
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New York Life Insurance Revenue

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New York Life Insurance's revenue was reported to be $34.5 b in FY, 2019 which is a 19.9% increase from the previous period.
USD

Revenue (FY, 2019)

34.5b

Revenue growth (FY, 2018 - FY, 2019), %

19.9%

Gross profit (FY, 2019)

10.7b

Gross profit margin (FY, 2019), %

31.1%

Net income (FY, 2019)

3.1b

Cash (31-Dec-2019)

5.4b
USDFY, 2017FY, 2018FY, 2019

Revenue

30.3b28.8b34.5b

Revenue growth, %

(5%)20%

Cost of goods sold

20.5b20.4b23.8b

Gross profit

9.9b8.4b10.7b
USDFY, 2017FY, 2018FY, 2019

Cash

6.4b6.4b5.4b

Accounts Receivable

42.8b51.5b53.7b

Total Assets

337.1b339.1b371.6b

Dividends Payable

1.3b1.2b1.3b
USDFY, 2017FY, 2018FY, 2019

Net Income

3.0b1.8b3.1b

Depreciation and Amortization

51.0m(40.0m)176.0m

Cash From Operating Activities

7.5b8.2b9.1b

Capital Expenditures

(103.0m)(218.0m)(211.0m)
USDFY, 2017

Revenue/Employee

1.1m

Debt/Equity

0.1 x

Financial Leverage

8.6 x
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New York Life Insurance Operating Metrics

New York Life Insurance's Assets Under Management was reported to be $629b in FY, 2019.
FY, 2017FY, 2018FY, 2019

Assets Under Management

$586 b$572 b$629 b

Individual Life Insurance in Force

$993 b$1.03 t$1.06 t

Investments Portfolio

$267.97 b

Business Lines

9
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New York Life Insurance Acquisitions / Subsidiaries

Company NameDateDeal Size
CignaDecember 18, 2019$6.3 b
John Hancock Life Insurance Company of New YorkJuly 02, 2015
IndexIQApril 15, 2015
Candriam Investors GroupFebruary 03, 2014€380 m

Human Capital Metrics

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New York Life Insurance Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

New York Life Insurance Online and Social Media Presence

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New York Life Insurance Company Culture

  • Overall Culture

    A+

    83/100

  • CEO Rating

    A+

    87/100

  • Compensation

    A+

    83/100

  • Diversity

    A-

    75/100

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New York Life Insurance Frequently Asked Questions

  • When was New York Life Insurance founded?

    New York Life Insurance was founded in 1845.

  • Who are New York Life Insurance key executives?

    New York Life Insurance's key executives are Scott Berlin, Heather Nesle and Dan O'Brien.

  • How many employees does New York Life Insurance have?

    New York Life Insurance has 33,367 employees.

  • What is New York Life Insurance revenue?

    Latest New York Life Insurance annual revenue is $34.5 b.

  • What is New York Life Insurance revenue per employee?

    Latest New York Life Insurance revenue per employee is $1 m.

  • Who are New York Life Insurance competitors?

    Competitors of New York Life Insurance include Northwestern Mutual, Allstate and Massachusetts Mutual Life Insurance Company (MassMutual).

  • Where is New York Life Insurance headquarters?

    New York Life Insurance headquarters is located at 51 Madison Ave, New York.

  • Where are New York Life Insurance offices?

    New York Life Insurance has offices in New York, Austin, Dallas, Duluth and in 19 other locations.

  • How many offices does New York Life Insurance have?

    New York Life Insurance has 23 offices.