New York Life declares company-record $2.5 billion dividend payout for 2025.

NEW YORK - New York Life, America's largest¹ mutual life insurer, has declared a dividend of $2.5 billion payable to eligible participating policy owners in 2025, the highest payout in its nearly 180-year history. In addition to whole life insurance policies, this includes the ninth consecutive year paying dividends on participating Mutual Income Annuities and the fifth consecutive year paying dividends on NYL My Care, a long-term care insurance product.²

While New York Life's 171-consecutive-year history of paying dividends is the longest among the major mutual life insurers, the company's approach to creating value for its millions of policy owners is anything but traditional. "We look far beyond dividends to deliver on our mission and to share our success," said Chair, President & CEO Craig DeSanto. "We manage every aspect of our dynamic Fortune 100 company with one goal: Creating enduring value for our participating policy owners."

This includes:

• Developing the best agents and advisors in the industry. "Our industry-leading,³ highly trained agents and advisors take a planning approach that enables our clients to both protect what matters most and prosper over the long term," said DeSanto. Through an exclusive partnership with The American College of Financial Services, New York Life supports its field force in gaining specialized knowledge and earning respected designations in key areas such as retirement planning, wealth advisory, estate planning, and business planning.

• Building a diversified portfolio of profitable, high-growth Strategic Businesses. These include leading positions in global investment management with $818.6 billion in total assets under management,⁴ group benefit solutions, institutionally owned life insurance and annuities, direct-to-consumer sales of life insurance and other solutions to affinity group members, and Latin America's largest agent-sold life insurance business. "We use the earnings generated by our Strategic Businesses to not only meaningfully support the dividends we pay each year, but also to add to our financial strength," said DeSanto. "The Strategic Businesses help fulfill our mission, provide diversification, and accelerate innovation as well."

• Offering a broad and innovative suite of products and solutions. To enable New York Life's agents and advisors to help clients achieve all their financial goals, the company offers a wide range of life, long-term care, and disability insurance solutions, one of the industry's most diverse sets of annuity products, and a broad array of wealth management solutions.

• Leaning into artificial intelligence (AI) and other rapidly developing tech advancements. "New York Life is committed to leaning into evolving technology trends and to becoming increasingly agile and innovative, so we can meet the growing needs of our clients, agents, and advisors," said DeSanto. "This includes leveraging technology, data, and AI to deliver exceptional experiences."

• Maintaining industry leading financial strength. With the highest financial-strength ratings currently awarded to any U.S. life insurer by all four major rating agencies,⁵ New York Life maintains a robust surplus and asset valuation reserve of $33.1 billion.⁶ The company's strong financial position was also reflected in its record financial results for 2023 announced earlier this year. This included $3.1 billion in operating earnings,⁷ $16.7 billion in policy owner benefits and dividends paid,⁸ and $1.2 trillion in individual life insurance in force in the U.S.⁹

Since 1990, New York Life has paid in excess of $1 billion in total dividends every year and a total dividend payout of more than $50 billion over that time.