- New York Life Insurance Company is a mutual insurance company, which means it is not publicly traded and has no shareholders. Instead, its policy owners are the ones who share in ownership rights of the company. With a mutual company, clients who purchase participating products are entitled to vote in the board of directors elections and are eligible to share in annual dividends that are declared. The company's priority is to safeguard their interests. Policies issued by our subsidiary companies are not participating and do not share in these rights.
- Figure encompasses all policy owners of New York Life Insurance Company (NYLIC) and its insurance company subsidiaries. New York Life's company strength is based on several factors, including insurance in force.
- Figures reflect the consolidated results of NYLIC and its insurance subsidiaries presented on a statutory basis. Benefits paid primarily include death claims paid to beneficiaries and annuity payments. It also includes dividends paid to eligible policyholders. For more a more complete breakdown of this data, please see our Report to Policyholders.
- **** While New York Life has historically paid a dividend on its participating policies, dividends on its participating policies are not guaranteed.
Note: All figures are as of Dec. 31 2015.