Articles from New York Life Insurance Company

New York Life today announced the launch of New York Life Investment Management as the unified global brand that brings together the full strength of its asset management businesses across public and private markets. With $807.7 billion in assets under management as of Dec. 31, 2025, the platform represents one of the largest active asset managers in the world.

New York Life’s latest Wealth Watch survey reveals a growing ‘financial confidence gap’ — the difference between where Americans feel they are financially and where they aspire to be. As economic uncertainty persists, American adults are reassessing financial strategies and priorities, with retirement planning surfacing as a primary area of concern.

New York Life announced today that Craig Sabal has been named chief investment officer (CIO) of the company, effective Jan. 1, 2026. Sabal, who joined New York Life in 2020 as deputy CIO, will be responsible for the investment strategy, asset allocation, and management of New York Life’s general account.

New York Life Group Benefit Solutions (NYL GBS) today announced it has been named a strategic Workday Wellness partner. Through this partnership, NYL GBS will integrate with Workday Wellness, empowering employers with AI-driven insights to help improve benefit offerings and streamline their benefits administration.

New York Life Group Benefit Solutions (NYL GBS) today announced its strategic partnership with Employee Navigator, a leading benefits administration platform. By integrating with Employee Navigator, NYL GBS takes a significant step in its commitment to delivering simpler, more connected benefits experiences for brokers, employers, and employees.

New York Life today announced the launch of a new suite of Accident and Health (A&H) insurance products, including Participant Accident, Business Travel Accident (BTA) and specialized coverage for the association and affinity group sector. These products are designed to provide responsive protection across a range of scenarios, including involvement in school-based, recreational or community activities, work-related travel, and coverage for members of associations and similar groups — offering valuable benefits when and where it matters most.

New York Life, America’s largest1 mutual life insurer, is proud to announce the launch of the New York Life Financial Empowerment Scholarship, reflecting the company’s ongoing commitment to supporting students throughout major life events and expanding access to financial literacy.

New York Life’s latest Wealth Watch survey finds that youth sports have significant financial implications for American families. On average, parents spend $3,000 annually on their children’s sports, with 64% reporting rising costs in recent years. As a result, many families are making financial trade-offs to support their kids’ athletic aspirations.

New York Life today announced the company’s first collateralized loan obligation (CLO) transaction of 2025, Flatiron CLO 30 Ltd., a new CLO issuance. The transaction follows a company-record CLO volume last year. Having first entered the CLO market in 2001 to generate an additional source of returns for the company’s policy owners, New York Life’s historic 2024 brought six deals to market including four new issuances and two reset transactions for existing portfolios.

New York Life, America’s largest mutual life insurer,1 enters 2025 with the highest possible financial strength ratings currently awarded to any life insurer operating in the United States by all four of the major rating agencies. During the most recent review cycle, Standard & Poor’s, Fitch Ratings, A.M. Best, and Moody’s Investors Service have all affirmed the company’s industry-leading ratings.

New York Life’s 2025 New Year Outlook Wealth Watch survey finds that financial confidence persists for American consumers, despite ongoing financial pressures. At the close of 2024, 64% of adults remain confident in their ability to meet their financial goals, reflecting the same level of confidence as late 2023.

New York Life, America’s largest1 mutual life insurer, has declared a dividend of $2.5 billion payable to eligible participating policy owners in 2025, the highest payout in its nearly 180-year history. In addition to whole life insurance policies, this includes the ninth consecutive year paying dividends on participating Mutual Income Annuities and the fifth consecutive year paying dividends on NYL My Care, a long-term care insurance product.2

New York Life today announced that Vikas Sharma and Achuth Rao have joined the company’s Artificial Intelligence & Data (AI&D) team as chief data officer and head of AI&D product management, respectively. Both will report to Don Vu, the company’s chief data and analytics officer. They will collaborate closely with chief data science officer Alain Biem, the rest of the AI&D leadership team, and enterprise partners to deliver innovative data and AI solutions built on trustworthy data and top-tier technology.

New York Life is pleased to announce the pricing of its first-ever funding agreement-backed Medium-Term Note (MTN) offering in partnership with a consortium of diverse-owned banks. This $600 million, 3-year innovative transaction marks a significant milestone for New York Life as the company continues to drive inclusion and equity in its financial offerings.

New York Life, America’s largest1 mutual life insurer, today announced that the company has acquired a minority ownership stake in Fairview Capital. One of the largest minority-owned investment management firms in the United States, Fairview is a leader in venture capital and private equity investing, with over $10 billion under management since its inception 30 years ago. The firm invests on behalf of institutional investors, including public and private pension plans, foundations, and endowments.

New York Life’s latest Wealth Watch survey finds financial resiliency among American adults, even in the face of high interest rates and rising credit card debt. Two-thirds of adults (64%) feel confident in their ability to meet their financial goals, and over half (52%) of adults saved the amount they wanted or more in 2023. Adults aimed to save $7,435.57 on average and actually saved $6,138.06 – marking an improvement from 2022, when adults aimed to save $5,437 and saved $5,011 on average.

New York Life, America’s largest1 mutual life insurer, today announced the appointment of Michael McDonnell, Senior Vice President and General Counsel, and Amy Miller, Senior Vice President, Deputy General Counsel & Secretary, to the company’s Executive Management Committee. They will report to Craig DeSanto, New York Life Chair, President & CEO.

New York Life, America’s largest mutual life insurer1, today announced that major ratings agencies Standard & Poor’s, Fitch Ratings, A.M. Best, and Moody’s Investors Service have all affirmed New York Life as maintaining the highest possible ratings for financial strength.

New York Life, America’s largest1 mutual life insurer, today declared a company-record dividend of $2.2 billion to be paid to eligible participating policy owners in 2024. New York Life has paid in excess of $1 billion in dividends every year since 1990 and more than $48 billion in total dividend payouts over that time. Declaring a dividend for the 170th consecutive year underscores the company’s industry-leading financial strength and enduring commitment to delivering ongoing value to policy owners.

U.S. adults who are part of the Sandwich Generation, defined as those who care for both children and aging loved ones, are skewing increasingly Millennial and male compared to 2020, according to findings from a special edition of New York Life’s Wealth Watch survey focused on the Sandwich Generation. However, women caregivers continue to report carrying a greater emotional burden and spending more hours per week caregiving than men.

New York Life, America's largest mutual life insurer1, today announced that as part of its partnership with the New York Yankees, the company will host a promotional day on Wednesday, September 6, 2023.

The “Great Wealth Transfer” is underway and 15% of American adults expect to receive an inheritance in the next decade, according to the latest findings from the New York Life Wealth Watch survey. While inherited wealth may provide a financial lift for some, overall, Americans’ financial progress is impacted by inflation, growing credit card debt, and unexpected expenses. In fact, lack of emergency savings (29%), health care costs (27%), and credit card debt (26%) are the biggest risks adults perceive to their financial security and wellbeing. Of the 42% of adults who currently have credit card debt, 35% said their debt has increased in the last year by an average of $4,156.91, for an average total owed of $8,431.02.

New York Life, America's largest mutual life insurer1, today announced that the company has become the official life insurance partner of the New York Yankees. This multi-year partnership includes brand presence for New York Life throughout Yankee Stadium and extends to digital and social properties as well as local community events.

While an important focus has been placed on helping employees with their own mental well-being, the latest research commissioned by New York Life Group Benefit Solutions reveals that employees also need greater support in the workplace when it comes to caring for loved ones living with a mental health challenge. In fact, nearly half of surveyed workers (48%) have helped a loved one live with a mental health challenge in the last year, and 45% of this group say their loved one is experiencing mental health challenges more often this year than in the previous year.

New York Life, America’s largest mutual life insurer1, today announced the appointment of Joanne Rodgers, Senior Vice President and Head of Human Resources, to the company’s Executive Management Committee. Ms. Rodgers will continue to report to Sheila Davidson, Executive Vice President and Chief Legal & Administrative Officer.

New York Life, America’s largest mutual life insurer1, today pledged up to $300,000 toward relief efforts in the aftermath of the earthquakes that struck southern Turkey and northwestern Syria. This includes immediate support of $100,000 to Save the Children’s Children’s Emergency Fund and $100,000 to UNICEF USA. In addition, the company will match workforce donations to these two organizations, as well as to the International Rescue Committee, up to $100,000.

While Americans continue to experience the challenges presented by inflation and a potential recession, New York Life’s latest Wealth Watch survey found that 66% of American adults are confident in their ability to reach their financial goals, and 1-in-3 feel hopeful about their finances at the end of 2022 going into 2023, reflecting similar levels of confidence reported this time last year. Still, inflation continues to be a top concern for 68% of adults, followed by a potential recession (36%) and rising interest rates (29%). The new survey also revealed that women and Gen Xers are feeling the crunch more than other groups, reporting having a lower average amount of savings and feeling less financially confident than other demographic cohorts.

New York Life, America’s largest mutual life insurer1, today announced a strategic partnership with Human API, a leading provider of digital health data innovation and solutions, to continue to streamline and simplify the life insurance purchase experience.

New York Life, America’s largest1 mutual life insurer, today announced that the company has declared a record dividend payout of $2.0 billion expected to be paid to eligible participating policy owners in 2023. Declaring a dividend for the 169th consecutive year underscores the company’s commitment to financial strength, mutuality, and delivering ongoing value to policy owners. New York Life has paid in excess of $1 billion in dividends every year since 1990 and more than $46 billion in total dividend payouts over that time.

As inflation continues to pose challenges for American adults’ financial strategies, New York Life’s latest Wealth Watch survey has found that people are coping by adjusting debt management and investment strategies, although the financial guidance informing these strategy adjustments varies by generational cohort. The latest survey revealed that more than half of adults reported expecting their living expenses to be higher in the second half of 2022 than the first, and 61% of respondents agree that they are more nervous about their financial future now than ever before.

New York Life, America’s largest mutual life insurer1, today announced that major ratings agencies Moody’s Investors Service, Standard & Poor’s, A.M. Best, and Fitch Ratings have all affirmed New York Life as maintaining the highest possible ratings for financial strength.

New York Life, America's largest mutual life insurer1, today announced the appointment of Michael McDonnell as the company’s General Counsel, effective immediately. Mr. McDonnell will have day-to-day oversight of the Office of the General Counsel which includes the insurance and agency, investments, corporate practice, and tax teams. He will report to Sheila Davidson, Executive Vice President and Chief Legal & Administrative Officer.

Robert Petrocelli has once again been named as the Chair of New York Life’s 2022-2023 Agent Advisory Board of Directors (ABD). The ABD is an elite group of 17 agents who meet with the company’s executive leaders to provide their perspectives on corporate strategic initiatives based on their experience in the insurance and financial services industry and running among the most successful agent practices in the country.

As inflation remains elevated and the cost of everyday goods continues to rise, New York Life’s Wealth Watch Survey revealed that a majority (62%) of adults still report overall confidence in their ability to meet their financial goals, down from an average of 69% when compared to the beginning of the year. When asked to describe how they feel about their finances, 30% of Americans are “uncertain” and 29% are “anxious,” but nearly 1 in 3 (28%) are “hopeful” – findings that align to an extent with sentiments at the start of the year, when 28% of adults were “uncertain,” 22% were “anxious” and nearly 2 in 5 (39%) were “hopeful.”

New York Life, America’s largest mutual life insurer1, today released the company’s 2020-2021 Environmental, Social, and Governance (ESG) Report. The report highlights New York Life’s approach to ESG, which is rooted in our core values of humanity and integrity, supported by our mutuality and financial strength.

New York Life, America's largest1 mutual life insurer, today announced the appointment of Wykeeta Peel as Market Manager of the company’s African American Market Unit (AAMU). The AAMU is New York Life’s team of managers and agents focused on financially empowering and uplifting Black communities by creating generational wealth. Ms. Peel will be responsible for developing and executing New York Life's targeted recruiting, sales, and marketing campaigns within the Black community on a national scale. She will continue to lead the Women’s Market strategy for New York Life as well.

New York Life, America's largest1 mutual life insurer, today announced that Craig DeSanto has assumed the company’s chief executive officer (CEO) position. Mr. DeSanto was named CEO-elect in November 2021 after serving as a member of New York Life’s Board of Directors since February 2021 and as New York Life’s president, a title he will retain, since July 2020.

New York Life, America’s largest1 mutual life insurer, today debuted Our Product, the latest advertising creative of the company’s “Love Takes Action” campaign. “Love Takes Action” reminds Americans that they have the power to act on their love to build better futures and protect loved ones. The first creative of the campaign, Agápē, launched in January 2020 in coordination with pro football’s championship game.

As Americans look to the future with their finances in mind, many are beginning the new year with hope or a sense of feeling “on track” toward a goal or lifestyle, with some feeling a sense of uncertainty. The latest New York Life Wealth Watch survey found that when asked how they were feeling about their finances going into the new year, nearly 40% of adults surveyed reported feeling “hopeful,” 1 in 4 (25%) reported feeling “on track towards a goal/lifestyle” and 28% reported feeling “uncertain.”

New York Life, America’s largest1 and most admired2 mutual life insurer, today announced a commitment of $50 million in long-term capital to Century Housing Corporation (Century), a U.S. Treasury-certified Community Development Financial Institution (CDFI). Century serves as a vital capital provider in low-income communities across California and is dedicated to delivering responsible and affordable lending to mission-aligned customers. Century has invested more than $2.3 billion in the affordable housing sector since inception, supporting more than 50,000 affordable housing units over 26 years.

The latest New York Life Wealth Watch survey revealed a generational divide in long-term post-pandemic financial confidence between Millennials and Gen Xers when it comes to navigating short term budgets and achieving long-term financial goals. In general, Millennials are most concerned about post-pandemic budgets, but they express high levels of confidence in their long-term financial futures and retirement preparation. Gen Xers, conversely, are more confident about their short-term budgets but more uncertain about their financial futures.