About Business
New York Life Insurance Company is the leading private insurance company based in the New York Life Building, United States. Founded in 1845, its first president was James De Peyster Ogden. NYLIC is one of the top life insurance and mutual life insurance companies in the U.S. The company was formed in Manhattan's Financial District in 1841 and was granted the first life insurance charter. Until 2016, NYLIC was the third-largest life insurance company in the United States. The company was also involved in philanthropic and charity work with its New York Life Foundation. By total revenue, the company ranked 71st among the Fortune 500 companies in 2023. Craig DeSanto is the company's current CEO. In addition, the company had 15,050 employees in 2022.