New York Life commits $300,000 to support the people of Ukraine in crisis.

New York , NY | March 7, 2022

Company will match employee and agent disaster contributions.

NEW YORK — New York Life announced today a pledge of $300,000 in corporate grants to disaster response organizations addressing the Ukrainian humanitarian crisis.

The company will be allocating $150,000 to Save the Children, which is providing children and their families with immediate on-the-ground aid, including food, water, hygiene kits, psychosocial support, and cash assistance. The remaining $150,000 will go to UNICEF USA, which is supporting child and family protection support hubs located at key migration routes, providing safe water, nutrition, healthcare and education.

New York Life will also match disaster donations up to $100,000 made by the company’s workforce to UNICEF USA, the International Rescue Committee, and Save the Children.

“Our hearts go out to the Ukrainians affected by this human tragedy, many of whom are fleeing their war-torn country,” said Ted Mathas, chairman and CEO, New York Life.

“Our thoughts are with the people of Ukraine during this time of devastation, and we are privileged to be able to support local humanitarian efforts through these key organizations,” said Craig DeSanto, president and CEO-elect, New York Life. In 2021, New York Life and its Foundation provided nearly $4 million in charitable contributions to pandemic relief efforts and other natural disasters to support communities across the United States.

About New York Life

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest¹ mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.²

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/1/2021. For methodology, please see http://fortune.com/fortune500/.

²Individual independent rating agency commentary as of 9/30/2021: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).