Grew surplus (including the asset valuation reserve
) to a $24.8 billion record.
As a mutual company, our interests are aligned with those of our policy owners, not Wall Street or shareholders, meaning the value we create is carefully managed with their long-term interests in mind." The dividend payout declared in 2018 follows an outstanding year of performance; NYL holds surplus and asset valuation reserve
remain strong at a record $25.1 billion, bolstered by the company's ability to strategically manage its $252.9 billion general account and successfully operate its portfolio of supporting businesses, which deliver diversified revenue streams to support New York Life's financial strength....
Edgewater's income tax benefit is the result of a $1.4 million reversal of the total $1.9 million deferred tax asset valuation reserve
that was recognized during the second quarter of 2018.
Net income for the year ended December 31, 2015 totalled USD16.3m, or USD0.34 per diluted common share, as compared to USD50.2m or USD1.00 per diluted common share (USD10.5m, or USD0.20 per diluted share adjusted for the recognition of USD39.7m of income tax benefit from the reversal of a deferred tax asset valuation reserve
) for the year ended December 31, 2014.
New York Life Insurance Company announced a 14.7 percent increase in 2014operating earnings to a record $2.02 billion, and record surplus and asset valuation reserve
, which reached $21.9 billion for the year.
The company also reported net income of USD 47.4m (including the recognition of USD 39.1m of income tax benefit from the reversal of a deferred tax asset valuation reserve
) for the nine months ended September 30, 2014.