Pittsburgh, Pennsylvania — According to state and local development sources, New York Life plans to build out 43,000 square feet of new space in Pittsburgh. The company plans to occupy the new space at 116 15th St in Pittsburgh, on or about June 1, 2025. According to the company website New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. In 2023, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor’s, AM Best, Moody’s and Fitch Ratings). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. As of 2016, New York Life Insurance Company was the country’s third-largest life insurance company. A mutual insurance company, New York Life is owned by its policyholders and has no outside shareholders. As a mutual, New York Life distributes a portion of its earnings to eligible policyholders as annual dividends. As of 2016, the company has paid a dividend every year since 1854. Through Seguros Monterrey New York Life, the company offers insurance in Mexico. New York Life’s core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time. New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities and disability insurance. The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP.

To learn more about New York Life, visit http://www.newyorklife.com/

Company Contact:
Craig DeSanto, Chief Executive Officer
cdesanto@newyorklife.com
201-685-6701

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