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.
David L. Ryan—The Boston Globe/Getty Images

Company Information

As of 6/5/23
Country
U.S.
Headquarters
Springfield, Mass.
Industry
Insurance: Life, Health (Mutual)
CEO
Roger W. Crandall
Company Type
Private
Ticker
-
Revenues ($M)
$40,281
Profits ($M)
$1,485
Market Value ($M)
-
Employees
10,662
Figures are for fiscal year ended Dec. 31, 2021.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$35,899.5
51.7%
Profits ($M)
$319.3
-
Assets ($M)
$383,292.4
-
Total Stockholder Equity ($M)
$28,896.2
-

Profit Ratios

Profit as % of Revenues
0.9%
Profits as % of Assets
0.1%
Profits as % of Stockholder Equity
1.1%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
-
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-

Total Return

Total Return to Investors (2021)
-
Total Return to Investors (5 year, annualized)
-
Total Return to Investors (10 year, annualized)
-

Massachusetts Mutual Life Insurance Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$23,663-36.5%$-101-102.7%$322,936$24,327
2020$37,253-5.1%$3,701830.1%$290,731$18,893
2019$39,26717.2%$398-22.4%$265,813$15,610
2018$33,495-11.4%$513-59.7%$288,855$15,705
2017$37,788-1.2%$1,274-10.6%$271,040$15,424
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