New York Life is #1 in Fortune Magazine’s Most Admired Companies Survey

Improved Scores in People Management, Use of Corporate Assets and Product Quality Drove the Win

NEW YORK--(BUSINESS WIRE)-- New York Life Insurance Company today announced that it scored highest in its industry in Fortune magazine’s annual survey of the “World’s Most Admired Companies.” The results are published in Fortune’s March 22 edition and now available online at fortune.com.

New York Life scored either #1 or #2 on five of the nine attributes in this reputation survey of the 15 largest U.S. and foreign insurers in the Life & Health industry.

Ted Mathas, chairman, president and chief executive officer of New York Life, said, “Our agents and employees work extremely hard for our millions of policyholders every single day, and this recognition by Fortune is a credit to all of them for staying focused on the right things. As a company we are confidently humble, and we base all of our decisions on three values: humanity, integrity and financial strength. We believe that if we take care of those values each and every day, we will be here for our policyholders for another 165 years and continue serving their best interests.”

Fortune’s annual “World’s Most Admired Companies” survey is conducted by the Hay Group, a respected survey firm. Hay asks executives, directors, and analysts to rate companies in their own industry on nine criteria.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

Please visit New York Life’s Web site at www.newyorklife.com for more information.

*New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 4, 2009.
**New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.

New York Life
William Werfelman, 212-576-5385
[email protected]
or
Sloane & Company
John Hartz, 857-598-4779
[email protected]

Source: New York Life Insurance Company