New York Life Insurance Company says it expects to pay $1.8 billion in dividends to eligible participating policyholders in 2019.
That payout reflects a 1.1% increase from the $1.78 billion 2018 dividend payout total.
(Related: Two Big Mutuals Post 2019 Dividend Estimates)
New York Life is a policyholder-owned mutual insurer. The company has paid dividends to its policyholders every year since 1854.
In addition to paying dividends on life insurance policies, the company pays dividends on participating mutual income annuities.