Type: Private - Mutual Company
On the web: http://www.newyorklife.com
Employees: 17,000
Employee growth: 0.0%

New York Life Insurance has been in the Big Apple since it was just a tiny seed. Although the top mutual life insurer in the US has branched out somewhat, it has retained its core business: life insurance and annuities. Its products include long-term care insurance and special group policies sold through AARP and other affinity groups and professional associations. New York Life Investments offers products and services ranging from mutual funds for individuals to investment management services for institutional investors. 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.

Key numbers for fiscal year ending December, 2010:
Sales: $24,148.0M
One year growth: 8.5%
Net income: $1,825.0M
Income growth: 41.5%

Officers:
Chairman, President, and CEO: Theodore A. (Ted) Mathas
EVP and CFO: Michael E. Sproule
Media Contact: Terri Wolcott

Competitors:
MetLife
Northwestern Mutual
Prudential

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