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May 27, 2015 1:05 AM ET

Insurance

Company Overview of New York Life Insurance Co.

Company Overview

New York Life Insurance Company, a mutual life insurance company, together with its subsidiaries, provides a range of insurance and investment products and services. The company offers life and health insurance, long-term care, annuities, pension products, mutual funds, and other investments and investment advisory services. It also provides life insurance, and fixed immediate and deferred annuities to members of AARP; and underwrites group life and disability programs for professional and affinity organizations. In addition, the company offers securities brokerage, financial planning and investment advisory services, trust services, and capital financing services. New York Life Insurance Co...

51 Madison Avenue

New York, NY 10010

United States

Founded in 1845

Phone:

212-576-7000

Key Executives for New York Life Insurance Co.

Chairman and Chief Executive Officer
Age: 47
Vice Chairman, President, Chief Investment Officer, Director and Member of Executive Management Committee
Age: 54
Chief Financial Officer and Executive Vice President
Age: 51
Chief Executive Officer of Institutional Capital LLC and Chief Investment Officer of Institutional Capital LLC
Senior Managing Director of Investments Group and Chief Executive Officer of New York Life Investment Management
Compensation as of Fiscal Year 2014.

New York Life Insurance Co. Key Developments

New York Life Insurance Co. Announces Executive Changes

New York Life Insurance Co. announced the election of John Kim as president, effective immediately. Kim takes over the role from Chairman and CEO Ted Mathas, who also had held the position of president. Kim retains the role of chief investment officer of the company, along with the overall responsibility for the investments group and enterprise wide technology. As president, he also is responsible for the Insurance & Agency Group of New York Life. Kim joined the company in 2008. Mathas said Chris Blunt will return to run the investments group as its president, reporting to Kim. Blunt most recently headed the Insurance & Agency Group with co-President Mark Pfaff.

New York Life Names Douglas A. Wheeler Senior Vice President in the Office of Governmental Affairs

New York Life announced that Douglas A. Wheeler has been elected a senior vice president in its Office of Governmental Affairs. He continues to report to Senior Vice President in charge of the Office of Governmental Affairs, George Nichols III. Mr. Wheeler joined New York Life in 2011 and is responsible for overseeing all state government relations activities for New York Life. Prior to joining New York Life, Mr. Wheeler was the Director of the Division of Insurance at the New Jersey Department of Banking and Insurance.

New York Life Insurance Company Announces Earnings Results for the Year Ended December 31, 2014

New York Life Insurance Company announced earnings results for the year ended December 31, 2014. For the year, the company has reported that net income attributable to the company was $2.23 billion, compared to $1.82 billion for the year ended December 31, 2013. Total revenue was $27.29 billion, compared to $24.78 billion for the year ended December 31, 2013. Premiums were $12.88 billion, compared to $12.85 billion for the year ended December 31, 2013. Net investment income was $9.44 billion, compared to $9.29 billion for the year ended December 31, 2013.

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