trending Market Intelligence /marketintelligence/en/news-insights/trending/xkWSmy5mi2Cjau3q2R9NAQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

New York Life's operating earnings, sales rise in 2016

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Investment Research Brokers Ramp up Cryptocurrency Coverage

Blog

COVID-19 Impact & Recovery: Financial Industry Outlook for H2 2021


New York Life's operating earnings, sales rise in 2016

New York Life Insurance Co. reported 2016 operating earnings of $1.95 billion, up from $1.88 billion in 2015.

Insurance sales grew year over year to $1.26 billion, from $1.24 billion in 2015. Annuity sales also increased to $12.84 billion, from $12.02 billion a year ago. Policyholder benefits and dividends rose to $10.09 billion, from $9.83 billion a year earlier.

Assets under management climbed to $537.78 billion, from $528.20 billion in 2015. The surplus and asset valuation reserve grew to $23.34 billion in 2016, from $22.69 billion in the prior year.