New York Life's Strong Earnings

New York Life Insurance Co. posted operating earnings of $1.22 billion for 2009, aided by higher sales of insurance policies and products and a large stream of premium and fee income from existing customers.

The $1.22 billion operating profit, after paying dividends and taxes, is shy of the record $1.28 billion earnings New York Life Insurance posted in 2008. The largest mutual life insurer in terms of revenue also ended 2009 with surplus capital totaling an all-time high of $15 billion. Investments, totaling $286.7 billion, managed by the triple-A rated insurer rose due to a rebound in the equity and debt markets, in addition to new funds raised...

WSJ: New York Life's Strong Earnings