Corporate History:
The New York Life Insurance Company is one of the biggest life insurance companies in the world. The company was founded as Nautilus Insurance Company in New York City, in 1845.Renamed as the New York Life Insurance Company in 1849 the company achieved several milestones on its way to become the largest mutual life-insurance company in the United States. The company ranked on the 74th position in FORTUNE 500 list of global companies in 2006.Activities:
The business of this large business house can be classified as: Life and Annuity: The Company deals in several insurance and annuity products dealing in life insurance, asset growth and post retirement income.Important services include fixed and variable deferred annuities, income annuities and whole life, universal life, variable universal life- term insurance.
New York Life Investment Management: The Company, in association with its affiliate companies, MacKay Shields and McMorgan & Company, provides financial services and advice to some of the world’s largest institutions.
New York Life International: The Company operates in several countries across the globe including Asia and Latin America.
Performance:
New York Life Insurance is on a path to growth and is fast consolidating its position as a global powerhouse in the financial sector. The company earned annual revenues of $17,505 million in 2005. The net income during this period of time was $ 855 million in 2005.
|
The total assets of the company were valued at $ 168,865 million in 2005.
|
Contact Details:Corporate Address: 51 Madison Ave., New York, NY 10010Telephone: 212-576-7000 (Toll Free: 800-692-3086) Fax: 212-576-8145 Website: www.newyorklife.com |
