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The Life Insurance Industry in New York

Life Insurance Companies in New York and their investment in the Economy

  • 162 life insurers are licensed to do business in New York and 84 are domiciled in the state.
  • The life insurance industry generates approximately 140,200 jobs in New York.
  • Life insurance companies invest approximately $657 billion in New York's economy, helping to finance businesses, create jobs, and provide services in the state.

New York Residents Covered

  • Every day in New York, life insurers pay out $16.2 billion in life insurance and annuities to families and businesses.
  • New York residents own 7.1 million individual life insurance policies. 

Download the New York Life Insurance Fact Sheet.
 *statistics are from the American Council of Life Insurers.