MassMutual—Massachusetts Mutual Life Insurance, if you’re formal—saw a lot of changes in 2018. It sold its OppenheimerFunds to Invesco for $5.7 billion. It sold its Asian business unit for $1 billion cash and 800 million shares of buyer Yunfeng Financial Group. It shut down its operations in Charlotte, N.C., as it beefed up its presence in Springfield and Boston, Mass., announcing plans to add 2,000 jobs over the next four years. And it acquired startup online broker Quilt, which will focus on longevity products. All of that movement resulted in a 17.2% jump in revenues, though profits were still down 22.4%.
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