New York Life Insurance was rated High Risk because it scored poorly across multiple criteria, including discriminatory philanthropy, employment protection, advocacy bias, funding, and political actions, indicating a pattern of favoring identity-based and partisan initiatives over merit-based business practices. The company's governance appears to prioritize activist-driven policies that could alienate customers and divide stakeholders rather than focusing purely on business performance.
New York Life Insurance Company (NYLIC), most commonly known as New York Life, is the second-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2025, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
