New York Life Insurance Company overview

New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #69 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
The staff at New York Life Insurance Company come from unusually diverse demographic backgrounds. The company is 34.8% female and 42.7% ethnic minorities. The diversity in New York Life Insurance Company employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 51.5% Democrats and 48.5% Republicans. Despite its impressive demographic and political diversity, New York Life Insurance Company has employees who stay with the company for relatively short tenures. New York Life Insurance Company staff members usually stay for 2.5 years. The average employee at New York Life Insurance Company makes $74,403 per year. In comparison, some of its highest paying competitors, like Prudential Financial, Massachusetts Mutual Life Insurance ..., and The Guardian Life Insurance Company of America, pay $81,892, $80,088, and $78,407, respectively.
Based in New York, New York, New York Life Insurance Company is an industry leader with 11,388 employees and an annual revenue of $5.5B.

The Organization’s Mission

Help individuals and businesses protect and preserve their financial security.

Industry

Insurance

Revenue

$5.5B

Employees

11,388

Founded in

1845

Headquarters

New York, NY

Website

newyorklife.com

Organization Type

Private

Is This Your Company?

The team at New York Life Insurance Company

Key People
  • Theodore Mathas (ceo)
  • Ted Mathas (CEO, Chairman)

The Culture At New York Life Insurance Company

Information provided by the company
Are you interested in a career with an industry leader If so, becoming a Customer Service Professional at New York Life is a perfect fit for you!
Are you interested in helping people protect their future Are you interested in a career with an industry leader If so, New York Life Insurance Company may be the company for you.
We are looking for customer focused accountable, efficient and engaged professionals who are dedicated to and guided by a commitment to service excellence.
Embrace diversity and inclusion, and demonstrate commitment to highest ethical standards
Understands and is excited by disruptive technologies

New York Life Insurance Company Reviews

Zippia Official Logo

4.0

Zippia UserJanuary 2020

4.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

Helping People Show More

What DON'T You Like About Working There?

Inconsistent pay Show More

What Are Your Favorite Benefits/Perks?

working with people, helping people, different every day Show More
Zippia Official Logo

3.0

Zippia UserJanuary 2020

3.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

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

What DON'T You Like About Working There?

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

What Are Your Favorite Benefits/Perks?

Time off Show More
Zippia Official Logo

4.0

Zippia UserDecember 2019

4.0

Zippia Official LogoZippia UserDecember 2019

What Do You Like About Working There?

Flexibility Show More

What DON'T You Like About Working There?

The commission instead of a fixed salary Show More

What Are Your Favorite Benefits/Perks?

Besides the flexibility, the company gives a lot of opportunity to grow and also great social life Show More
Zippia Official Logo

5.0

Zippia UserMay 2018

5.0

Zippia Official LogoZippia UserMay 2018

What Do You Like About Working There?

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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New York Life Insurance Company Rankings

New York Life Insurance Company is ranked #22 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 Company Salaries

How much does New York Life Insurance Company pay?
The national average salary for a New York Life Insurance Company employee in the United States is $74,403 per year. Employees in the top 10 percent can make over $123,000 per year, while employees at the bottom 10 percent earn less than $44,000 per year.
9.3
Salary Score
Average Employee Earnings

New York Life Insurance Company Salaries By Job Title

While the average employee salary at New York Life Insurance Company is $74,403, there is a big variation in pay depending on the role. The higher paying positions at New York Life Insurance Company include Finance Advisor, Senior Associate, Sales Manager, and Partner. A worker with the title Finance Advisor salary at New York Life Insurance Company can earn an average yearly salary of $144,474. To get a better sense of the salaries at New York Life Insurance Company, other roles such as Receptionist and Office Assistant can be considered as well. For comparison, the title Receptionist at New York Life Insurance Company earns $27,131 per year.

New York Life Insurance Company careers

On average, employees at New York Life Insurance Company stay with the company for 2.5 years. Employees most commonly join New York Life Insurance Company after leaving Citi. When they leave New York Life Insurance Company, they most frequently get their next job at JPMorgan Chase.

Average Length of Employment
MetLife3.7 years

New York Life Insurance Company

2.5 years
Top Employers Before New York Life Insurance Company
Citi9.7 %
Show More
Top Employers After New York Life Insurance Company
Citi7.6 %
Show More
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New York Life Insurance Company Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1845

Organization type

Private

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New York Life Insurance Company Subsidiaries

Subsidiaries to New York Life Insurance Company include Occidental Tower. Employees at the parent company, New York Life Insurance Company, earn $74,403 whereas employees at Occidental Tower earn $64,377, on average.
Company
Average Salary

New York Life Insurance Company Competitors

Based on our research, similar companies to New York Life Insurance Company are Prudential Financial, Massachusetts Mutual Life Insurance ..., and The Guardian Life Insurance Company of America. The average salaries at Prudential Financial rank the highest, with their employees earning an average salary of $81,892 per year. The salaries at Massachusetts Mutual Life Insurance ... average $80,088 per year, and the salaries at The Guardian Life Insurance Company of America come in at $78,407 per year.

Frequently Asked Questions about New York Life Insurance Company

When was New York Life Insurance Company founded?

New York Life Insurance Company was founded in 1845.

How many Employees does New York Life Insurance Company have?

New York Life Insurance Company has 11,388 employees.

How much money does New York Life Insurance Company make?

New York Life Insurance Company generates $5.5B in revenue.

What industry is New York Life Insurance Company in?

New York Life Insurance Company is in the insurance industry.

What is New York Life Insurance Company's mission?

New York Life Insurance Company's mission statement is "Help individuals and businesses protect and preserve their financial security."

What type of company is New York Life Insurance Company?

New York Life Insurance Company is a private company.

Who are New York Life Insurance Company's competitors?

New York Life Insurance Company competitors include Prudential Financial, Massachusetts Mutual Life Insurance ..., MetLife, Lincoln National, Northwestern Mutual, The Guardian Life Insurance Company of America, Mutual of Omaha, Farmers Insurance, Allstate, Aflac, Nationwide Mutual Insurance ..., American International Group, Western & Southern Financial Group, American Family Insurance, Liberty Mutual, Cigna, USAA, Primerica, Progressive, Anthem.

Who works at New York Life Insurance Company?

Theodore Mathas (ceo)

Ted Mathas (CEO, Chairman)

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You can find out what it is like to work at New York Life Insurance Company, also known as NEW YORK LIFE INSURANCE CO, New York Life, New York Life Insurance, New York Life Insurance Co and New York Life Insurance Company.

Zippia gives an in-depth look into the details of New York Life Insurance Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Insurance Company. The employee data is based on information from people who have self-reported their past or current employments at New York Life Insurance Company. 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. The data presented on this page does not represent the view of New York Life Insurance Company and its employees or that of Zippia.