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  • Previous Rank356
  • Revenues ($M)$38,243
  • Revenue Percent Change13.9%
  • Profits ($M)$1,425
  • Profits Percent Change7.4%
  • Assets ($M)$266,550
  • Employees11,593

After growing its financial advisor network to 5,800 last year, MassMutual has continued expanding its workforce. In February, it bought rival MetLife’s network of 4,000 life insurance agents for $300 million. That expansion appears to be paying off. Sales jumped 14% last year, pushing MassMutual up 18 spots on the Fortune 500. Still, low interest rates and market volatility contributed to a slight decline in the insurance company’s assets under management and fee income from overseeing those funds. Overall, though, profits rose 7% for the Springfield, Mass.-based company, not a bad performance in a tough market for insurers.

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Company Information

CEO
Roger W. Crandall
Sector
Financials
Industry
Insurance: Life, Health (Mutual)
HQ Location
Springfield, MA
Employees11,593
Websitehttp://www.massmutual.com
Years on Global 500 List20

Massachusetts Mutual Life Insurance Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$38,24313.9%
Profits ($M)$1,4257.4%
Assets ($M)$266,550-
Total Stockholder Equity ($M)$14,983-

Profit Ratios

Profit as % of Revenues3.7%
Profits as % of Assets0.5%
Profits as % of Stockholder Equity9.5%