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Company Details
NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION License Status :
Active
NAIC Number :
91596
Phone Number:
2125767000
Company Address:
51 MADISON AVENUE
NEW YORK, NY 10010
Description:
Life and Health
License Number:
A417995
Date Admitted:
1981-11-30
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2022 | Total Life | 1.30% | $512,739,047 | $0 | $304,517,434 | $0 | N/A |
| 2022 | Total Individual Life | 2.03% | $512,700,434 | $0 | $303,267,503 | $0 | N/A |
| 2022 | Individual Term Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Individual Universal Life | 1.17% | $21,115,769 | $0 | $20,119,222 | $0 | N/A |
| 2022 | Individual Variable Life | 0.00% | $11,830 | $0 | $6,305,460 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 11.00% | $429,461,055 | $0 | $218,561,025 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.70% | $54,975,177 | $0 | $58,281,796 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.68% | $7,136,603 | $0 | $0 | $0 | N/A |
| 2022 | Total Group Life | 0.00% | $38,613 | $0 | $1,249,931 | $0 | N/A |
| 2022 | Group Universal Life | 0.01% | $37,613 | $0 | $78,353 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $1,000 | $0 | $1,171,578 | $0 | N/A |
| 2021 | Total Life | 1.26% | $443,928,798 | $0 | $306,460,404 | $0 | N/A |
| 2021 | Total Individual Life | 2.00% | $443,790,546 | $0 | $304,720,792 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Individual Universal Life | 4.18% | $75,839,087 | $0 | $19,227,369 | $0 | N/A |
| 2021 | Individual Variable Life | 0.00% | $12,045 | $0 | $3,173,344 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 9.70% | $289,861,981 | $0 | $214,793,811 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.83% | $73,264,036 | $0 | $67,526,268 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 3.22% | $4,813,397 | $0 | $0 | $0 | N/A |
| 2021 | Total Group Life | 0.00% | $138,252 | $0 | $1,739,612 | $0 | N/A |
| 2021 | Group Universal Life | 0.07% | $98,052 | $0 | $227,023 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $40,200 | $0 | $1,512,589 | $0 | N/A |
| 2021 | Group Other Considerations | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Total Life | 0.77% | $330,965,939 | $0 | $283,864,290 | $0 | N/A |
| 2020 | Total Individual Life | 1.52% | $330,918,344 | $0 | $281,362,363 | $0 | N/A |
| 2020 | Individual Term Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Universal Life | 2.22% | $37,953,980 | $0 | $21,246,526 | $0 | N/A |
| 2020 | Individual Variable Life | 0.00% | $12,373 | $0 | $4,311,398 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 9.73% | $230,100,768 | $0 | $196,710,449 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.58% | $57,058,999 | $0 | $59,093,990 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 3.94% | $5,792,224 | $0 | $0 | $0 | N/A |
| 2020 | Total Group Life | 0.00% | $47,595 | $0 | $2,501,927 | $0 | N/A |
| 2020 | Group Universal Life | 0.00% | $2,695 | $0 | $210,477 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 0.00% | $44,900 | $0 | $2,291,450 | $0 | N/A |
| 2020 | Group Other Considerations | 0.00% | $0 | $0 | $0 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2022 | Life and Annuities | 4.13% | 2 | 7 |
| 2021 | Life and Annuities | 3.37% | 3 | 11 |
| 2020 | Life and Annuities | 2.80% | 3 | 13 |
Company Changes
Effective Date: 03/06/2023
Comments: Effective 03/06/2023 the above company was issued a new Certificate of Authority adding A2 –Accident and Health lines of business in addition to their previous A1 – Life, Annuities and Endowments and A3 – Variable Contracts authorities.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.