New York Life’s Industry-Leading Financial Strength Ratings Affirmed by All Major Ratings Agencies
Standard & Poor’s affirmed New York Life’s rating of AA+, the agency’s highest rating for a
Highlights from these affirmations include:
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 - Excellent capital and earnings
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
- 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
Moody’s Investors Service – Rating of Aaa (Highest), affirmed
- Top-tier position in the domestic individual life insurance business; leading position in group life and disability insurance
- 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 strong capitalization
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
1 Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” |
2 Individual independent rating agency commentary as of 11/17/2023: |
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Source: New York Life Insurance Company
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