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 MassMutual Asia business unit for $1 billion cash and 800 million shares of buyer Yunfeng Financial Group, as well as 85.1 percent of MassMutual Japan operation to Nippon Life for approximately $955 billion. It shut down its operations in Charlotte, N.C., as it beefed up its presence in Springfield and Boston, Mass., announcing plans to add 2,000 jobs over the next four years. And it acquired the team and key assets of startup online broker Quilt, which will focus on longevity products. All of that movement resulted in a 17.2% jump in revenues, though profits were still down 22.4%.
Company Info
| CEO | Roger W. Crandall |
| CEO Title | Chairman, President & Chief Executive Officer |
| Sector | Financials |
| Industry | Insurance: Life, Health (Mutual) |
| HQ Location | Springfield, Mass. |
| Website | www.massmutual.com |
| Years on Fortune 500 List | 25 |
| Employees | 9,844 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $39,267.2 |
| Profits ($M) | $397.9 |
| Assets ($M) | $265,812.6 |
| Total Stockholder Equity ($M) | $15,609.8 |
Profit Ratios
| Profit as % of Revenues | 1.0% |
| Profits as % of Assets | 0.1% |
| Profits as % of Stockholder Equity | 2.5% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | - |
| EPS % Change (from 2017) | - |
| EPS % Change (5 year annual rate) | - |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2018) | - |
| Total Return to Investors (5 year, annualized) | - |
| Total Return to Investors (10 year, annualized) | - |
