Yes, New York Life is a mutual insurance company. A mutual insurance company is owned by its policyholders, and they share in the company's profits through dividends or reductions in premiums. New York Life has been a mutual company since its founding in 1845 and remains one of the largest mutual insurers in the United States. As a mutual company, New York Life is focused on serving the long-term interests of its policyholders and has a strong track record of financial strength and stability.