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The FHLBNY is a trusted source for on-demand access to liquidity

Insurance companies play a key role within the U.S. housing market. The Federal Home Loan Bank of New York (FHLBNY) promotes housing and economic development by providing low-cost, flexible liquidity to member financial institutions. This closely aligns with our insurance company members’ significant investments and participation in the mortgage market along with their economic development initiatives. Our insurance company members count on us to be a reliable and stable source of liquidity in any market condition.

Membership and advances by insurance companies have increased exponentially as more and more realize the integral role the FHLBNY plays to insurers looking to converge liquidity and working capital needs (as shown in the chart below). Overall, the Federal Home Loan Bank System (FHLBanks) has over 596 insurance company members, while the percentage of all FHLBanks borrowings by insurance companies has increased from $28.67 billion to $161.14 billion between 2007 and 2024.

Insurance companies typically capitalize on their membership to satisfy contingent and strategic funding needs, in addition to financing capital, acquisition costs, and new facilities. This enables them to manage their liquidity positions and obtain affordable financing to support lending, investing, daily operations and grow their business in order to support the housing markets and the communities they serve.

Since the FHLBNY is structured as a cooperative, our members are shareholders. Paid from 2024 income, we returned $576.9 million in dividends to our members for a full-year dividend rate of 9.38%. This high performance is a testament to our dedication to provide value to our members.

FHLBNY Insurance Company Members

  • AAA Life Insurance Co. of NY
  • Academic Hlth Professionals
  • ACA Financial Guaranty Corp.
  • AIG Insurance Company - Puerto Rico
  • Alea North America Ins Co.
  • Allied World Assurance Company
  • Allied World Insurance Company
  • Allstate Life Insurance Company of New York
  • Allstate NJ P&C Insurance Co.
  • American Home Assurance Company
  • American Sentinel Insurance Co
  • American Steamship Owners
  • Ameritas Life Insurance Corp. of NY
  • Anthem HealthChoice Assurance, Inc.
  • Anthem Life & Disability Ins
  • Antilles Insurance Co.
  • Apollo Residential Mortgage
  • Arch Indemnity Insurance Co.
  • Arch Insurance Co.
  • Arch Property Casualty Ins Co.
  • Arch Reinsurance Company
  • Arch Specialty Insurance Co.
  • Asociacion de Suscripcion
  • Associated Mutual Ins Coop
  • Assured Guaranty Corp.
  • Atlantic Specialty Ins Co.
  • AXA Insurance Co.
  • AXIS Reinsurance Company
  • Benefit Street Partners
  • Blackboard Insurance Co.
  • Blackstone Mortgage Trust
  • Bowhead Insurance Co.
  • Brighthouse Life Insurance
  • Broome Co-operative Ins Co.
  • Build America Mutual Assurance Company
  • Caribbean American Ppty Ins Co
  • Central Co-operative Ins Co.
  • Cherry SQE6
  • Chubb Custom Insurance Co.
  • Chubb Indemnity Insurance Co.
  • Chubb Insurance Company of PR
  • Chubb National Insurance Co.
  • Cigna HealthCare of NJ Inc.
  • Clear Blue Insurance Group
  • Coalition Insurance Co.
  • Coface North America Ins Co.
  • Coliseum Reinsurance Co.
  • Colonial Surety Co.
  • Columbian Mutual Life Insurance Company
  • Commerce and Industry Insurance Company
  • Compass Insurance Co.
  • Constitution Insurance Co.
  • Conventus Inter-Insurance
  • Cooperativa de Seguros Multiples de PR
  • Countryway Insurance Co.
  • County Hall Ins Co. A RRG
  • Crum & Forster Spclty Ins Co.
  • Crystal Run Health Ins Co.
  • Crystal Run Health Plan LLC
  • Cumberland Insurance Co.
  • Cumberland Mutual Fire Insurance Company
  • Dai-ichi Life Holdings, Inc.
  • Dayforward Life Insurance Co.
  • Dentcare Delivery Systems Inc.
  • Equitable Financial Life Insurance Co.
  • Everest Group, Ltd.
  • Excellus Health Plan, Inc.
  • FDM Preferred Insurance Co.
  • Generali U.S. Branch
  • Genworth Life Insurance Co. of New York
  • Gerber Life Insurance Company
  • Guardian Insurance Company sqe
  • Guardian Life Insurance Co. of America
  • Healthplex Insurance Co.
  • Highmark Western & NErn NY Inc
  • Horizon Healthcare of New Jersey, Inc.
  • INteger 34
  • International Fidelity Ins Co.
  • Kingstone Insurance Company
  • Lincoln Life & Annuity Co. of New York
  • MAPFRE PRAICO Insurance Company
  • Merchants Mutual Insurance Company
  • Merchants Preferred Ins Co.
  • Metropolitan Life Insurance Company
  • Metropolitan Tower Life Insurance Co.
  • MONY Life Insurance Co.
  • New Jersey Manufacturers Insurance Co.
  • New York Life Insurance Company
  • NY Transportation Ins Corp.
  • Oscar Health Plan of Georgia
  • Prudential Insurance Company of America
  • SBLI USA Life Insurance Company, Inc.
  • SCOR Reinsurance Company
  • Security Mutual Life Insurance Co. of NY
  • Selective Insurance Company of America
  • Selective Insurance Company of New York
  • Seneca Specialty Insurance Co.
  • SIMED
  • Sompo Am Fire & Marine Ins Co.
  • Spinnaker Insurance Company
  • SQE107
  • SQE testing 89
  • Standard & Preferred Ins Co.
  • Starr Specialty Insurance Co.
  • State Ins Fund Disability (Update on Original3)
  • Sterling Insurance Company
  • Sterling Insurance Coop Inc.
  • Stillwater P&C Insurance Co.
  • Stratford Insurance Company
  • Suecia Insurance Co.
  • Swiss Re Life & Health America Inc.
  • SW Marine & General Ins Co.
  • Syncora Guarantee Inc.
  • Teachers Auto Ins Co. of NJ
  • Teachers Ins. & Annuity Assoc of America
  • test - 2/14
  • The US Life Ins. Co. in the City of NY
  • TIAA-CREF Life Insurance Company
  • Toa Reinsurance Company
  • Transamerica Financial Life Insurance Co
  • Transatlantic Reinsurance Company
  • Trans-Oceanic Life Insurance Company
  • Transverse Insurance Co.
  • Transverse Specialty Ins Co.
  • Triple-S Advantage, Inc.
  • Triple-S Propiedad Inc.
  • Triple-S Vida, Inc.
  • Tudor Insurance Company
  • Twin Lights Insurance Co.
  • Underwriters at Lloyd's (VI)
  • United Surety and Indemnity Company
  • Unitrin Auto & Home Ins Co.
  • Universal Insurance Company
  • Utica Mutual Insurance Company
  • Utica National Assurance Co.
  • Utica National Ins Co. of TX
  • Vantage Casualty Insurance Co.
  • Vantapro Specialty Ins Co.
  • Vigilant Insurance Co.
  • Washington County Coop Ins Co
  • Watford Insurance Co.
  • Wayne Cooperative Insurance Co
  • Wellfleet New York Ins Co.
  • Wilton Reassurance Life Company of NY - test

Benefits of Partnering with the FHLBNY

Flexible Funding Source

Membership at the FHLBNY affords insurance companies access to a wide range of liquidity tools through the use of our various credit products called “advances.”

Members can gain access to low-cost, wholesale funding for financial flexibility and backup liquidity to help meet unexpected cash flow needs and manage risk and profitability. Explore FHLBNY funding solutions to:

  • Meet liquidity and working capital needs
  • Augment income streams
  • Benefit from letters of credit and other products to enhance operating leverage

View our Credit Products

Key Benefits
  • Increase earnings through strategic liquidity management and quarterly dividends
  • Finance capital, acquisition costs, or new facilities without liquidating earning assets
  • Manage cash flow needs
  • Grow investment income by reducing short-term liquidity balances and increasing invested asset balances
  • Fill liability maturity gaps and support match funding programs
  • Enhance operating leverage and liquidity with letters of credit as an alternative form of collateral
  • Secure grant money for low-income housing or community development projects
  • Access discounted community investment funds
  • Demonstrate an enhanced liquidity position to regulators and rating agencies

Membership Eligibility Requirement

In order to be eligible for membership, your company should be:

  • Duly organized by law
  • Subject to inspection and regulation
  • Of sound financial condition
  • Committed to ensuring sound and economical financial policies
  • Able to purchase membership stock upon approval as outlined in the membership application

Worksheets are available here to help you determine membership eligibility and calculate the initial FHLBNY membership stock amount. These tools are also provided above under Related Links.

Key Contacts

Relationship Managers
(212) 441-6700

FHLBNY@fhlbny.com

You have a vision for your financial future

Our partnership can play a key role to help get you there.

How are Insurance Companies Taking Advantage of Membership?

They typically use membership to fulfill the following needs:

  • Contingent and strategic liquidity
  • Match funding or pool funding
  • Asset and liability management

We also offer exclusive resources to our members for beneficial insight and education

Visit our Resource Center

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