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  • Previous Rank258
  • Revenues ($M)$37,788
  • Revenue Percent Change-1.2%
  • Profits ($M)$1,273.5
  • Profits Percent Change-10.6%
  • Assets ($M)$271,040
  • Employees11,737

After growing its financial advisor continued to expand its workforce. In 2016 it bought rival MetLife’s network of 4,000 life insurance agents for $300 million, helping it boost annual sales by 14%. Low interest rates and market volatility were hazards for the company and its peers, but the Springfield, Mass. company ended its fiscal 2016 with record sales ($11.4 billion in retirement plans alone) and $675 billion in assets under management, up $33 billion from 2015.

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Company Information

CEO
Roger W. Crandall
Sector
Financials
Industry
Insurance: Life, Health (Mutual)
HQ Location
Springfield, MA
Websitehttp://www.massmutual.com
Years on Global 500 List21
Employees11,737

Massachusetts Mutual Life Insurance Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$37,788-1.2%
Profits ($M)$1,273.5-10.6%
Assets ($M)$271,040-
Total Stockholder Equity ($M)$15,424-

Profit Ratios

Profit as % of Revenues3.4%
Profits as % of Assets0.5%
Profits as % of Stockholder Equity8.3%