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New York Life Insurance overview

Industry
Insurance
Revenue
Headquarters
Employees
11,388
Founded in
Website
Organization type
Private
Social media

New York Life Insurance Company is an insurance company focusing on life insurance, investment management, and retirement solutions. Founded in 1845, it has since grown to be the largest mutual life insurance company in the United States and ranks among the largest life insurers globally. The current CEO, Theodore A. Mathas, leads the company in providing financial strength and stability to its customers with over $540 billion in total assets under management and more than $19 billion in surplus and AVR.

The company is known for its diverse workforce, with 39.3% female employees and 42.7% ethnic minorities employed. This diversity extends to political beliefs, as the company maintains a balanced blend of political orientations among its employees. Employee retention is strong at New York Life Insurance, with staff members usually staying for 3.9 years. Based in New York, NY, New York Life Insurance is an industry leader with 11,388 employees and an annual revenue of $44.1 billion.

New York Life Insurance's mission statement

To provide financial security and peace of mind through our insurance, annuity and investment products and services.

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4.0/5

New York Life Insurance employee reviews

Based on 22 ratings

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New York Life Insurance employee reviews

New York Life Insurance employee reviews
4.0/5

Based on 22 ratings

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Employee reviews
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4.0
A zippia user wrote a review on Sep 2023
Pros of working at New York Life Insurance

The company had really good training and offer a lot of opportunities

Cons of working at New York Life Insurance

turn around time for policies approvals was a little too long.

New York Life Insurance benefits

the awards for meeting quotas

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3.0
A zippia user wrote a review on Aug 2023
Pros of working at New York Life Insurance

The potential to help people secure their future goals.

Cons of working at New York Life Insurance

Commission. Too many barriers for customer too

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3.0
A zippia user wrote a review on Apr 2023
Pros of working at New York Life Insurance

There are many areas with different ways to grow within the company

Cons of working at New York Life Insurance

There is a lot of favoritism which takes opportunities away from people who genuinely work hard.

New York Life Insurance benefits

Work from home opportunity

Is this useful?1 people found this review helpful
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5.0
A zippia user wrote a review on Mar 2023
Pros of working at New York Life Insurance

diversity / challenge

Cons of working at New York Life Insurance

not enough physical training in the field

New York Life Insurance benefits

enlightening of something new

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5.0
A zippia user wrote a review on Jan 2023
Pros of working at New York Life Insurance

Collegiality, the Advanced science

Cons of working at New York Life Insurance

Nothing

New York Life Insurance benefits

Retirement plan, location in NY City

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5.0
A zippia user wrote a review on Mar 2022
Pros of working at New York Life Insurance

Flexibility, benefits, remote, culture, professionalism.

Cons of working at New York Life Insurance

pay, covid test mandate

New York Life Insurance benefits

401 k

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5.0
A zippia user wrote a review on Sep 2021
Pros of working at New York Life Insurance

Great Training and Wonderful Mentors

Cons of working at New York Life Insurance

Not a negative. This goes for all jobs. Can be challenging at times.

New York Life Insurance benefits

Flexibility

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4.0
A zippia user wrote a review on Aug 2021
Pros of working at New York Life Insurance

The community. The Pay. The Pace. Consideration. Benefits

Cons of working at New York Life Insurance

Policies continuously change

New York Life Insurance benefits

Salary

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4.0
A zippia user wrote a review on Aug 2021
Pros of working at New York Life Insurance

Work life balance and diversity

Cons of working at New York Life Insurance

The entry to work decision not requiring every to wear and mask and to practice social distancing

New York Life Insurance benefits

Benefits

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5.0
A zippia user wrote a review on Jul 2021
Pros of working at New York Life Insurance

Reputable company

Cons of working at New York Life Insurance

Cutthroat and commission based pay

New York Life Insurance benefits

Retirement plans and health benefits

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4.0
A zippia user wrote a review on Nov 2020
Pros of working at New York Life Insurance

Being able to control my own Schedule

Cons of working at New York Life Insurance

Commissions based pay.

New York Life Insurance benefits

Schedule work from home opportunity and work life balance. Incentives and company trips.

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3.0
A zippia user wrote a review on Oct 2020
Cons of working at New York Life Insurance

The corporate politics and the outdated ‘good ole boys’ mentality.

New York Life Insurance benefits

Vacation time

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4.0
A zippia user wrote a review on Jan 2020
Pros of working at New York Life Insurance

Helping People

Cons of working at New York Life Insurance

Inconsistent pay

New York Life Insurance benefits

working with people, helping people, different every day

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3.0
A zippia user wrote a review on Jan 2020
Pros of working at New York Life Insurance

Once you are in management, life is pretty easy and well paid.

Cons of working at New York Life Insurance

To get to management is extremely difficult because you need to go through the sale route to get there.

New York Life Insurance benefits

Time off

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4.0
A zippia user wrote a review on Dec 2019
Pros of working at New York Life Insurance

Flexibility

Cons of working at New York Life Insurance

The commission instead of a fixed salary

New York Life Insurance benefits

Besides the flexibility, the company gives a lot of opportunity to grow and also great social life

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5.0
A zippia user wrote a review on May 2018
Pros of working at New York Life Insurance

New York Life is the strongest mutual insurer in the country. They provide great training and support to their agents to go out and succeed in the field of financial sales. Any sales minded, self-starter who's willing to follow a tried and true system can build a great career at New York Life providing protection, investment and retirement focused financial solutions.

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The team at New York Life Insurance

  • The key people at New York Life Insurance is Theodore A. Mathas.
Key people
Theodore A. Mathas

New York Life Insurance rankings

New York Life Insurance is ranked #23 on the Best Insurance companies to work for in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

New York Life Insurance salaries

Average New York Life Insurance salary
$62,006
yearly
$29.81 hourly
Updated March 14, 2024

Rate New York Life Insurance's commitment to diversity and inclusion.

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New York Life Insurance diversity

9.9
Diversity score
We calculated New York Life Insurance’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of New York Life Insurance’s workforce.
New York Life Insurance diversity summary. Zippia estimates New York Life Insurance's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated New York Life Insurance's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of New York Life Insurance's workforce.
  • New York Life Insurance has 11,388 employees.
  • 39% of New York Life Insurance employees are women, while 61% are men.
  • The most common ethnicity at New York Life Insurance is White (57%).
  • 16% of New York Life Insurance employees are Hispanic or Latino.
  • 11% of New York Life Insurance employees are Black or African American.
  • The average employee at New York Life Insurance makes $62,006 per year.
  • New York Life Insurance employees are most likely to be members of the democratic party.
  • Employees at New York Life Insurance stay with the company for 3.9 years on average.

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New York Life Insurance office locations

New York Life Insurance is headquartered in New York, NY

Biggest New York Life Insurance locations

RankCityJob countAvg. salary
1New York, NY98$87,039
2Dallas, TX10$65,374
3Phoenix, AZ6$61,697
4San Diego, CA5$66,601
5San Antonio, TX4$65,356
6Chicago, IL3$70,089
7Houston, TX3$65,304
8Philadelphia, PA3$65,454
9San Jose, CA3$67,250
10Jacksonville, FL3$61,989

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New York Life Insurance financial performance

9.8
Performance score

Highest paying New York Life Insurance competitors

Compare New York Life Insurance salaries to competitors, including Morgan Stanley, Citi, and Piper Jaffray. Employees at Morgan Stanley earn the highest average yearly salary of $103,933. The salaries at Citi average $75,483 per year, and the salaries at Piper Jaffray come in at $73,442 per year.
RankCompanyAverage salaryJobs
1$103,9330
2$75,4830
3$73,4420
4$71,9950
5$68,3540
6$62,7510
7$61,8470
8$61,0050
9$60,8900
10$59,6960

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Zippia gives an in-depth look into the details of New York Life Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Insurance. The employee data is based on information from people who have self-reported their past or current employments at New York Life Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by New York Life Insurance. The data presented on this page does not represent the view of New York Life Insurance and its employees or that of Zippia.

New York Life Insurance may also be known as or be related to NEW YORK LIFE INSURANCE CO, New York Life Foundation, New York Life Insurance, New York Life Insurance Co and New York Life Insurance Company.