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Earnings: New York Life

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A 24% increase in U.S. life insurance sales and a 45% increase in U.S. lifetime income annuity sales helped profits at New York Life Insurance Company in 2006.

New York Life, New York, a mutual insurer, is reporting $2.3 billion in net income for the year on $21 billion in revenue, up from $855 million in net income on $17 billion in revenue for 2005.

Long term care insurance sales increased 15%, New York Life says.