Skip to Content
314

Massachusetts Mutual Life Insurance

  • Previous Rank357
  • Country
    U.S.
  • Revenues ($M)$39,267.20
  • Revenue Percent Change17.2%
  • Profits ($M)$397.9
  • Profits Percent Change-22.4%
  • Assets ($M)$265,812.60
  • Employees9,844

MassMutual—Massachusetts Mutual Life Insurance, if you’re formal—saw a lot of changes in 2018. It sold its OppenheimerFunds to Invesco for $5.7 billion. It sold its Asian business unit for $1 billion cash and 800 million shares of buyer Yunfeng Financial Group. It shut down its operations in Charlotte, N.C., as it beefed up its presence in Springfield and Boston, Mass., announcing plans to add 2,000 jobs over the next four years. And it acquired startup online broker Quilt, which will focus on longevity products. All of that movement resulted in a 17.2% jump in revenues, though profits were still down 22.4%.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Roger W. Crandall
Sector
Financials
Industry
Insurance: Life, Health (Mutual)
HQ Location
Springfield, Mass.
Websitehttps://www.massmutual.com
Years on Global 500 List23
Employees9,844

Massachusetts Mutual Life Insurance Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$39,267.2017.2%
Profits ($M)$397.9-22.4%
Assets ($M)$265,812.60-
Total Stockholder Equity ($M)$15,609.80-

Profit Ratios

Profit as % of Revenues1%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity2.5%