New York Life Insurance Company

The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR. The company ranks #64 on the 2010 Fortune 100 list, making it the highest privately held insurance company on that list. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

History

The company was founded in 1845 as the Nautilus Insurance Company in New York City, with assets of just $17,000. It was renamed the New York Life Insurance Company in 1849. Its first headquarters were at 112-114 Broadway; the first president was James DePeyster Ogden. The current New York Life headquarters was designed by noted architect Cass Gilbert and...
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