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.
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In addition to paying dividends on life insurance policies, the company pays dividends on participating mutual income annuities.