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Fortune 500

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84

Massachusetts Mutual Life Insurance

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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CEO

Roger W. Crandall

CEO Title

Chairman, President & Chief Executive Officer

Sector

Financials

Industry

Insurance: Life, Health (Mutual)

HQ Location

Springfield, Mass.

Years on Fortune 500 List

25

Employees

9,844

Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$39,267.217.2%
Profits ($M)$397.9-22.4%
Assets ($M)$265,812.6
Total Stockholder Equity ($M)$15,609.8
Profit Ratios
Profit as % of Revenues1.0%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity2.5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)-
EPS % Change (from 2017)-
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2018)-
Total Return to Investors (5 year, annualized)-
Total Return to Investors (10 year, annualized)-