Company Updates

Just over five years ago, New York Life set out to build upon the ways we use analytics to support consumers and the company's policy owners, agents, and employees. This led to the creation of a centralized data science organization, New York Life's Center for Data Science and Artificial Intelligence (CDSAi), that infuses analytics and machine learning technologies across the company.

Episode 2: The Richardson Family, Adopting a New Outlook Same-sex couple Renee and Kate Richardson made a life-changing decision to grow their family and adopt through the foster care system. Their intention to adopt one child over the age of ten quickly shifts to adopting two sets of younger siblings with very different backgrounds, including trauma and special needs.

NEW YORK, April 18, 2022 -New York Life, America's largest 1 mutual life insurer, today announced that Craig DeSanto has assumed the company's chief executive officer (CEO) position. Mr. DeSanto was named CEO-elect in November 2021 after serving as a member of New York Life's Board of Directors since February 2021 and as New York Life's president, a title he will retain, since July 2020.

New York Life recently released the 2021 Diversity, Equity,and Inclusion (DE&I) Report which explores the company's approach to DE&I and underscores New York Life's commitment to employees, agents, policy owners, and communities. According to Kathleen Navarro, senior vice president and chief diversity officer, "DE&I at New York Life is not the work of one area, but a guiding principle that permeates what we do across the company."

At the height of the pandemic's wrath, New York Life and Cigna's foundations founded the Brave of Heart Fund to provide financial and emotional support for the families of frontline workers and volunteers.

New York Life is continuing its important focus on providing protection-oriented solutions to customers and meeting their evolving needs at every stage of life with the launch of a new participating individual disability insurance (IDI) solution. Available exclusively through New York Life financial professionals, MyIncome Protector helps consumers protect what is often their greatest asset: their ability to earn an income.

This month ENABLE is celebrating its tenth anniversary as an Employee Resource Group (ERG) at New York Life! ENABLE is focused on raising awareness of disability issues and supporting an inclusive environment for people of all abilities. For 10 years, ENABLE has been raising awareness for employees of issues related to disabilities through educational programming, volunteer opportunities, external guest speakers, and multi-channel communications.

At New York Life, we are proud to stand with the LGBTQ+ community. The company has a long history as an LGBTQ+ ally and today regularly recognized for our diversity and inclusion efforts. Our company's products, employment practices, and philanthropy are all part of this tradition.

New York Life recently announced a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years.