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Like many insurers, 171-year-old Massachusetts Mutual Life Insurance endured losses in 2020 due to COVID-19. It partly recovered in 2021, moving up 23 spots after increasing its revenue an impressive 52% year over year, to $35.9 billion. Sales of its core protection product, whole life insurance, grew 25%, to a record $767 million. The company also acquired Great American Life Insurance Company in 2021, a development that helped position MassMutual as one of the leading individual annuity providers in the U.S.
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