New York Life & Annuity Corporation’s BOLI – Market Differentiators
New York Life Insurance and Annuity Corporation (NYLIAC), issuer of NYLIAC BOLI, is a wholly owned subsidiary of New York Life
Insurance Company.
Financial Strength
Ratings
 New York Life (“NYL”) is the oldest and largest mutual life
insurance company in the U.S.1
 NYLIAC, a wholly owned subsidiary of NYL, is not a mutual
insurance company.
 Surplus and Asset Valuation Reserves increased from $19.6 to
$21.1 billion, New York Life’s highest ever2
 New York Life did not require nor accept any government
capital during financial crisis of 2008-2009
 New York Life and New York Life Insurance and Annuity Corporation
(NYLIAC) financial strength are rated by the major rating agencies
 The companies maintain the highest financial ratings currently awarded to
any life insurer, by all four of the major credit rating agencies3
Commitment to Mutuality
Prudent Investment Management
Focus is on the long term; there is no pressure to answer to
shareholders who may be looking for short-term profits
 Combined New York Life Investments4and NYL Investors LLC5 manage
more than $538 billion6 of assets on behalf of institutional and retail
clients (as of 12/31/2014)
 NYL Investors LLC manages over $17.4 billion7 of BOLI assets, including
$12.1B of General Account and $5.3B of Separate Account BOLI assets
 Deep and highly experienced team of research analysts, portfolio
managers and traders
 BOLI asset management with a focus on low volatility and conservative
risk adjusted yields
Allows NYL to maintain robust creditworthiness through:
 Strong capitalization and ability to retain generous capital reserves
 Less dependence on capital markets
Safety and security of policy owners is foremost
Commitment to the Market and Policy owners
Standard & Poor’s – AA+
(2nd of 20 possible ratings)
Moody’s – Aaa
(1st of 21 possible ratings)
A.M. Best – A++
(1st of 21 possible ratings)
Fitch – AAA
(1st of 15 possible ratings)
 Innovation – Product development that utilizes our strengths
 Bank Client Group – Focuses on existing clients
 General Account for institutional policy owners – allows NYL Investors LLC to manage
General Account assets to institutional liabilities
 Experienced team of administration professionals dedicated to BOLI
 End to end service – new business through death claim process
 Online availability of policy values
 Quarterly BOLI portfolio reports and conference calls with investment managers
 Systems development geared to BOLI service needs
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New York Life & Annuity Corporation’s BOLI –Market Differentiators
Footnotes
1 Based
on revenue as reported by "Fortune 500, Ranked with Industries, Insurance: Life, Health, (Mutual)." Fortune Magazine, June 2014.
Surplus, which includes the Asset Valuation Reserve (AVR), is one of the key indicators of the company’s long-term financial strength and stability and is presented on a consolidated
basis of the company. NYLIC’s statutory surplus was $17.85 billion and $16.57 billion at December 31, 2013 and 2012, respectively. Included in NYLIC’s statutory surplus is NYLIAC’s
statutory surplus totaling $6.75 billion and $6.40 billion at December 31, 2013 and 2012, respectively. AVR for NYLIC was $2.42 billion and $2.28 billion at December 31, 2013 and 2012,
respectively. AVR for NYLIAC was $0.87 billion and $0.76 billion at December 31, 2013 and 2012,respectively.
3 Source: Individual third-party rating reports as of 3/26/2015. Ratings do not pertain to the investment divisions of registered products, which are subject to market risk and will fluctuate in
value, or performance of the guaranteed separate accounts.
4 New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
5 NYL Investors LLC is a wholly-owned subsidiary of New York Life Insurance Company.
6 Reflects the combined total AUM and AUA of NYL Investors LLC and New York Life Investment Management LLC and its affiliated investment advisers.
7 Includes COLI Fixed Account.
2 Total
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New York Life Insurance Company
New York Life Insurance and Annuity
Corporation (A Delaware Corporation)
51 Madison Avenue
New York, NY 10010
www.newyorklife.com
SMRU 1645037 (Exp. 04.07.2017)
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