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 $767 million. The company also acquired Great American Life Insurance Company in 2021, a development that helped position MassMutual as one of the leading individual annuity providers in the U.S.
David L. Ryan—The Boston Globe/Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Springfield, Mass.
Industry
Insurance: Life, Health (Mutual)
CEO
Roger W. Crandall
Website
Company Type
Private
Ticker
-
Revenues ($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
| Year | Revenues ($M) | Profits ($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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