New York Life Insurance Co. set new records last year in operating revenue as well as sales of insurance and investment products. The company also added more than $2 billion to surplus for the year, expanding policyholders’ cushion of safety to more than $15 billion, also an all-time high.

Operating earnings for the year were $1.22 billion, down slightly from $1.28 billion, while operating revenue was $14.38 billion, up from $13.94 billion.

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