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Home > Company Index > Insurance > Life Insurance > New York Life Insurance Company

New York Life Insurance Company
 NEWS FROM THE STANDARD
Alleged Fraud Doesn't Scare VCs
Mar 27 2001 12:35 PM PST

 PROFILE
Though not the only New York life insurance company, "the" New York Life Insurance Company is one of the US's top five providers of life insurance policies, annuities, mutual funds, and other investments. It also provides third-party asset management services to institutions and has an agreement with AARP to provide insurance to its members. Unlike its competitors, the company is not rushing to demutualize, claiming its war chest is large enough to fund its growth without selling stock. Outside the US, New York Life has operations in Asia (where the company is expanding) and South America.

 COMPETITION
Metropolitan Life Insurance Company (MET)
Prudential Financial (dossier)
Teachers Insurance and Annuity Association-College Retirement Equities Fund (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 21,996.00
1-Yr. Sales Growth: 8.8%
Employees: 11,800
Revenue per employee: $1,864,067.80

 KEY PEOPLE
• Seymour Sternberg
    CEO

 CONTACT INFO
51 Madison Ave.
New York, NY 10010
US
Phone: 212-576-7000
Fax: 212-576-8145
Online: Web Site

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