New York Life Announces Record $2.78 Billion Dividend for 2026
Largest dividend payout in company history underscores long-term value delivered to policy owners;
“Dividends are a tangible expression of our mutuality,” said
Dividends will be paid on participating
Strong, diversified foundation
New York Life’s ability to deliver consistent dividends reflects its long-term investment approach, disciplined risk management and diversified earnings from its Strategic Businesses. The company maintains leading positions in asset management, group benefits, institutional life insurance and annuities, and affinity channels, and owns Seguros Monterrey
By the numbers
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$1 billion in annual dividends every year since 1990, totaling over$53 billion over that period. -
Highest financial strength ratings currently awarded to any
U.S. life insurer by all four major rating agencies.3 -
$34 billion in surplus and asset valuation reserve.4 -
$3.5 billion in operating earnings.5 -
$1.2 trillion of individual life insurance in force in theU.S. in 2024.6 -
$17.6 billion in policy owner benefits and dividends paid in 2024.7 -
$879 billion of Assets Under Management (AUM).8
“For 180 years, we’ve stayed true to who we are: a mutual company operated to serve its policy owners,” DeSanto added. “That clarity of purpose is why
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1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),”
2Annuity, NYL My Care, NYL Secure Care and NYL MyIncome Protector premiums are invested in portfolios that are separate and distinct from the life insurance portfolio and have their own dividend scales. Dividends are not guaranteed. The dividends paid on NYL My Care, NYL Secure Care, and NYL MyIncome Protector are applied to the premium to reduce out-of-pocket costs.
3Individual independent rating agency commentary as of 10/28/2025:
4Surplus and general account as of 9/30/2025. Please see New York Life’s 2024 Report to Policy Owners for additional information.
5Operating earnings is the measure used for management purposes to track the company’s results from ongoing operations and the underlying profitability of the business. This chart is based on Statutory Accounting principles on insurance operations with certain adjustments we believe are more appropriate as a measurement approach.
The
6Individual life insurance in force is the total face amount of individual life insurance contracts (term, whole and universal life) outstanding for NYLIC and its domestic insurance subsidiaries at a given time. The company’s individual life insurance in force totaled
7Policy owner benefits primarily include death claims paid to beneficiaries and annuity payments. Dividends are payments made to eligible policy owners from divisible surplus. Divisible surplus is the portion of the company’s total surplus that is available, following each year’s operations, for distribution in the form of dividends. Dividends are not guaranteed. Each year the board of directors votes on the amount and allocation of the divisible surplus. Policy owner benefits and dividends reflect the consolidated results of NYLIC and its domestic insurance subsidiaries. Intercompany transactions have been eliminated in consolidation. NYLIC’s policy owner benefits and dividends were
8Assets under management consist of cash and invested assets and separate account assets of the company’s domestic and international insurance operations, and assets the company manages for third-party investors, including mutual funds, separately managed accounts, retirement plans and assets under administration. As of
SMRU 8612237
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