Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Rating Service Raises New York Life A Notch

X
Your article was successfully shared with the contacts you provided.

Moody’s Investor Services has upgraded New York Life Insurance Company to a AAA rating, its highest.[@@]

The rating service says it raised New York Life one notch on its rating scale based on the company’s sustained “leading position in the domestic life insurance market, mutual form of ownership, strong business and earnings diversification and substantial financial flexibility.”

As of Sept. 30, New York Life had assets of about $151 billion and capital of $13.2 billion, Moody’s noted.

Moody’s also upgraded New York Life’s principal subsidiary, New York Life Insurance and Annuity Corporation, to AAA.

The only two other life insurers with Moody’s highest rating are Northwestern Mutual Life Insurance Company, Milwaukee, Wisc., and Teachers Insurance and Annuity Association of America, New York.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.