New York Life Maintains Highest Possible Ratings for Financial Strength from All Major Ratings Agencies
In June, Moody’s Investors Services affirmed New York Life’s financial strength of Aaa, the agency’s top rating. Standard & Poor’s affirmed New York Life’s rating of AA+, the agency’s highest rating for a
Highlights from these affirmations include:
Moody’s Investors Service – Rating of Aaa (Highest), affirmed
-
Leading position in the
U.S. life insurance market and well-known brand name - Large block of individual life insurance containing significant embedded profits
- Productive and well-established career agency distribution force
- Well-diversified investment portfolio, strong liquidity, and outstanding capitalization
Standard & Poor’s – Rating of AA+ (Highest for a
- Excellent competitive position and financial risk profile
- Strong brand recognition
-
Top market positions in the
U.S. individual life insurance industry, propelled by a successful, controlled distribution model - Mutual status, strength, and stability of earnings
- Excellent capital and earnings
- Very strong operating performance and very favorable business profile
- Strong risk-adjusted capital
- Very strong and established industry-leading managerial career agency distribution channel
-
Strong brand recognition and leading market position in retail life and guaranteed income and fixed deferred annuities, with a continued top three ranked position in overall
U.S. individual annuity sales and lead position inU.S. retail life sales as of year-end 2021 - A well-diversified investment portfolio with a consistent approach towards credit risk and cash flow
Fitch Ratings – Rating of
-
Leading market position in
U.S. individual life insurance market - Extremely strong capital
- Diversified liability profile
- Loyal and productive career agency distribution channel
- Leading producer of participating whole life insurance
The agencies’ complete and current public commentaries on
ABOUT
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in
1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),”
2Individual independent rating agency commentary as of 10/18/2022:
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kevin_b_maher@newyorklife.com
Source: New York Life Insurance Company
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