Ten insurance companies made the ranking of the “Top 50 Companies for Executive Women” by the National Association for Female Executives (NAFE), the organization reports.

The companies are being honored for their commitment to hiring, retaining and promoting executive women.

This marks the third consecutive year that NAFE has recognized New York Life, and five out of the last seven years.

“We are pleased to receive this recognition for something that is deeply ingrained in our culture, where women are provided with opportunities to grow personally and professionally and fully contribute to the success of the company,” said Maria Mauceri, first vice president and actuary, Human Resource Department, New York Life. “This list serves as an endorsement of our success at developing and supporting talented women and illustrates why women looking to meet their personal and career goals are attracted to New York Life.”

Other companies that were recognized include:

- Aetna

- Allstate Insurance Company

- MassMutual Financial Group

- MetLife Inc.

- State Farm Insurance

- HSBC North America

- Prudential Financial Inc.

- The Principal Financial Group

- WellPoint Inc.

Companies elected for this honor must have at least two women on the board of directors as well as at least 500 employees. In addition to assessing corporate programs and policies dedicated to advancing women, NAFE measured results examining the number of women at the highest ranks and those with profit and loss responsibilities.

The National Association for Female Executives (NAFE), founded in 1972 serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual Top Companies and the Women of Excellence lists.

Pat Speer writes for Insurance Networking News.