Corporate Profile
New York Life Insurance Worldwide Ltd.
New York Life Insurance Worldwide Ltd. (Incorporated in Bermuda with Limited Liability) ("New York Life Hong Kong") was established in Hong Kong in 1988. We are committed to providing our customers with a comprehensive range of life and medical insurance products and services. We are a subsidiary of New York Life International, LLC, the international arm of New York Life Insurance Company.
New York Life International, LLC
New York Life International, LLC, the international arm of New York Life Insurance Company, offers insurance products through its subsidiaries and affiliates in South Korea, China, Hong Kong, India, Argentina, Mexico, Taiwan and Thailand.
New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
* New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 3, 2010.
** New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
New York Life Insurance Company has excellent ratings for financial strength from the four major credit rating agencies.
Rankings in Fortune Magazine*
| Rankings | 2010 | 2009 | 2008 |
|---|---|---|---|
| Insurance: Life, Health (Mutual) | No.1 in the United States | ||
| World's Most Admired Companies (Insurance: Life and Health) | No.1 Please click here for details |
No.3 | No.3 |
| Fortune 500 | 64 | 76 | 82 |
| Global 500 | To be released by Fortune Magazine | 269 | 268 |
*Source: http://money.cnn.com/magazines/fortune/
| Institutions | Rating |
|---|---|
| A.M. Best (as of June 2009) |
A++ |
| Fitch Ratings (as of May 2010) |
AAA |
| Moody's Investors Service (as of March 2009) |
Aaa |
| Standard & Poor's (as of May 2010) |
AAA |
| 2009 Financial Highlights (as of December 31, 2009) | US$ in million |
|---|---|
| Assets Under Management | 286,699 |
| Operating Revenue | 14,383 |
| Operating Earnings | 1,222 |
| Surplus and Asset Valuation Reserves | 15,009 |
| Individual Life Insurance In Force | 816,052 |
