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Company Profile for New York Life Insurance Company |
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Contact Information
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Prepurchase
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PostPurchase
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Customer Service Number:
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800-710-7945
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212-576-7000
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Mailing Address:
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New York Life Insurance Company
51 Madison Avenue
NewYorkLife.com, Suite
3200 New York,
NY 10010
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New York Life Insurance Company
51 Madison Avenue
NewYorkLife.com, Suite
3200 New York,
NY 10010
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Company Information
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Total Insurance Company Assets:
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Total Assets: $198 billion
Total Liabilities: $177 billion (as of 12/31/07)
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Number of Years in Business:
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163
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Company Description:
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New York Life Insurance has
been in the Big Apple since it was just a tiny seed. The company (the top
mutual life insurer in the US)
is adding products but retaining its core business: life insurance and
annuities. New York Life has added such products and services as mutual funds
for individuals. It also offers its investment management services to
institutional investors. Other lines of business include long-term care
insurance and special group policies sold through AARP and other affinity
groups or professional associations. The company, through New York Life
International, is also reaching out geographically, targeting areas such as Mexico and India where the life insurance
markets are not yet mature.
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Credit Quality
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Moody's
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Standard &
Poor's
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A.M. Best
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Credit Rating:
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Aaa
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AAA
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A++
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Outlook:
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Stable
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Stable
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Stable
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Credit Rating Footnote:
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Exceptional
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Extremely Strong
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Excellent
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Credit Rating Descriptions:
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- Aaa
(Exceptional)
- Aa1, Aa2, Aa3
(Excellent)
- A1, A2, A3
(Good)
- Baa1, Baa2, Baa3
(Adequate)
- Ba1, Ba2, Ba3
(Questionable)
- B1, B2, B3
(Poor)
- Caa1, Caa2, Caa3
(Very Poor)
- Ca (Extremely
Poor)
- C (Lowest)
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- AAA (Extremely
Strong)
- AA+, AA (Very
Strong)
- AA-, A+, A
(Strong)
- A-, BBB+, BBB
(Good)
- BBB-, BB+, BB
(Marginal)
- BB-, B+, B
(Weak)
- B-, CCC+, CCC
(Very Weak)
- CCC-, CC, C
(Extremely Weak)
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- A++, A+ (Superior)
- A, A-
(Excellent)
- B++, B+ (Very
Good))
- B, B- (Fair)
- C++, C+
(Marginal)
- C, C- (Weak)
- D (Poor)
- E Under
Regulatory Supervision
- F In
Liquidation
- S Suspended
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Credit Rating Outlooks:
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- Positive
- Negative
- Stable
- Developing
- Rating Under Review
- No Outlook
When an insurance company has multiple outlooks of differing
directions, the "(m)" modifier is used.
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- Positive
- Negative
- Stable
- Developing
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All data and information on this page is provided by the
insurance company. Rating descriptions are the descriptions each individual
rating company assigns. Guarantees based upon the financial strength and
claims-paying ability of the insurance company.
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