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April 26, 2015 8:02 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, Chief Executive Officer and President
Age: 47
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
Senior Managing Director and Chief Executive Officer of NYL Investors LLC
Age: 51
Compensation as of Fiscal Year 2014.

New York Life Insurance Co. Key Developments

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.

New York Life Insurance Company Reports Financial Results for the Year 2014

New York Life Insurance Company reported financial results for the year 2014. Operating earnings were $2,024 million compared to $1,764 million a year ago. Insurance sales were $1,213 million compared to $1,195 million a year ago. Investment sales were $59,414 million compared to $62,998 million a year ago.

New York Life Appoints Aaron Ball as Vice President and Business Leader of Long-Term Care

New York Life announced that Aaron Ball has joined New York Life as vice president and leader of the company’s Long-Term Care Insurance business based in Austin, Texas. He reports to Craig DeSanto, senior vice president of Life Insurance and Long-Term Care. Mr. Ball will be responsible for overseeing the company’s Long-Term Care business, including all facets of product development and marketing. Mr. Ball joins New York Life from Genworth where he spent 12 years, most recently as the head of product and inforce for their long-term care business.

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