Performance

Why MassMutual?

What Makes Our Company Remarkable

  • Our financial strength:

    • Thrived despite economic pressures, including geopolitical shocks and instability in the U.S. banking system.
    • Maintained financial strength ratingsSee footnote 1 that are among the highest of any company in any industry.
    • Surpassed $1 trillion of life insurance protection in forceSee footnote 3 and ranked No. 104 on the Fortune® 500.See footnote 4
    • More than doubled our total adjusted capital over the past decade, to nearly $34.5 billion.
    • Continued to pay an average of $25 million in insurance and annuity benefits each day.

  • Our legacy of mutuality:

    • Continued to operate our business with a long-term perspective that enables us to serve generations.
    • Approved an estimated dividend payout of nearly $2.2 billion to our eligible participating policyowners for 2024, maintaining an industry-leading dividend interest rate (DIR)See footnote 5 for the 18th consecutive year.
    • The MassMutual Foundation partnered with local community members and organizations to help build financial resilience, leading to more opportunities for all. In 2023, we also launched our inaugural Live Mutual Week, a week of service for MassMutual employees and affiliated financial professionals engaging in a broad array of onsite, offsite, and virtual volunteer projects.

  • Our financial professionals:

    • Delivered valuable service to our clients, bringing their passion and extensive knowledge to bear in helping policyowners and other customers develop holistic plans for their future.
    • Leveraged research and insights to connect more Americans with the latest financial tools and solutions.
    • Built strong relationships that enable customized financial solutions and provide trusted advice to help make financial security a reality.

  • Our strategic approach:

    • Focused on connecting people and institutions with holistic, innovative financial solutions.
    • Delivered on our commitments and generated long-term customer value.
    • Fostered a sustainable, inclusive, and flexible culture.
  1. Financial strength ratings for MassMutual and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company, are as follows: A.M. Best Company, A++ (Superior); Fitch Ratings, AA+ (Very Strong); Moody’s Investors Service, Aa3 (High Quality); and S&P Global Ratings, AA+ (Very Strong). Ratings are current as of February 1, 2024, and are subject to change.
  2. These are consolidated statutory results of Massachusetts Mutual Life Insurance Company and its U.S.-domiciled life insurance subsidiaries: C.M. Life Insurance Company, MML Bay State Life Insurance Company, as well as MassMutual Ascend (included for 2021-2023 only), as of December 31, 2023.
  3. From FORTUNE. ©2023 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2023) is a registered trademark of FORTUNE Media IP Limited and is used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of MassMutual.
  4. The dividend and dividend interest rate (DIR) are determined annually, are subject to change, and are not guaranteed. Dividends for eligible participating life insurance policies primarily consist of investment, mortality, and expense components. The DIR is used to determine the investment component of the dividend. It is not the rate of return on the policy and should not be the sole basis for comparing insurers or policy performance.

Our Purpose

We Help People Secure Their Future and Protect the Ones They Love

MassMutual, one of the oldest life insurance companies in the U.S., was founded in 1851 in Springfield, Massachusetts, by a small group of investors who pooled $100,000 to start writing policies on their friends and neighbors. As a mutual life insurance company, we don’t have shareholders. Instead, we operate with a long-term approach to help ensure we can meet our obligations to generations of our more than 4 million policyowners, members, and other customers.

Throughout our history, we’ve seen our clients through difficult experiences, from the loss of a loved one to wars, economic crises, pandemics, bank failures, geopolitical unrest, and more. Throughout our long history, we have stood by the notion that we all do better when we look out for one another.

The not-so-secret to our success:

  1. Earn and keep trust
  2. Build and maintain financial strength and stability
  3. Deliver solutions that meet complex needs
  4. Do right by our policyowners, members, and other customers
  5. Repeat daily for over 170 years