New York life assurance Company.

New York life insurance Company NYLIC is that the biggest mutual life-insurance company inside the u.  s., and one in each of the largest life insurers inside the globe, ranking #80 on the 2015 Fortune 5 hundred list with regarding $512 billion in totalassets below management, and over $19 billion in surplus and AVR In 2007, NYLIC achieved the best realizable ratings by the four freelance rating firms traditional & Poor's, AM Best, Moody's and carnivore. various the massive apple Life affiliates provide associate array of securities merchandise and services, likewise as institutional and retail mutual funds Financial crisis of early twenty initial Century.

According to their report back to Policyholders 2007, in early 2007 the company's managers became concerned regarding the state of credit markets, so in Feb 2007 supported our belief that the markets were acting irrationally the massive apple Life set to maneuver luxuriant of its financial gain into safer investments like us Treasury bonds. By August 2007,the credit market problems we've got a bent to had feared were front page news," the Report notes.

In Gregorian calendar month 2008, the company declared it would not participate inside the Troubled quality Relief Program. the company can meet all of its strategic objectives whereas not government capital, its businesses square measure strong and profitable, and it's committed to remaining a mutual company operational for the sole real advantage of its policyholders states a company announcement

Theodore plug-ugly Mathas, president and company govt in 2008, same at the time of the cash crisis that the massive apple Life is formed for times like these. This phrase became the title for the 2008 report back to policyholders. plug-ugly Mathas becomes the company chairman on Gregorian calendar month one, 2009

New York Life maintains "superior" cash ratings from A.M. Best, Fitch, Moody's and traditional and Poor's, all of that have reaffirmed the ratings throughout the cash crisis of fall 2008

Business scope[edit]

Both NYL and its primary yank insurance subsidiary the massive apple life insurance and payment Corporation square measure commissioned to do to to business altogether fifty states and  District of Columbia the company conjointly sells annuities and long-run care insurance; mutual funds through its subsidiary NYLIFE Securities, a registered dealer and provides institutional asset-management and retirement-plan services from subsidiary the massive apple Life Investment Management NYLIM

International Operations

Operation in United Mexican States

New York life insurance buildings

The the massive apple life insurance Company has commissioned sort of buildings below the name the massive apple life insurance Building.