New York Life Insurance Co. announced strong 2010 financial results, strengthening its standing as one a post-recession winner in its industry.
The company had record operating earnings of $1.4 billion, and it set records for insurance and investment sales. As a mutual insurer with a conservative product profile and investment approach, New York Life was better positioned to endure the market crash and recession better than its publicly traded brethren, says Clark Troy, research director at Aite Group, LLC.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access