Massachusetts Mutual Life Insurance

F500 2019-Massachusetts Mutual
Logo on facade Pacific branch of Massachusetts Mutual (MassMutual) insurance company on a sunny day in Walnut Creek, California, September 14, 2018. (Photo by Smith Collection/Gado/Getty Images)Smith Collection/Gado Getty Images
  • Previous Rank
    93
  • Revenues ($M)
    39267.2
  • Revenue Percent Change
    17.2
  • Profits ($M)
    397.9
  • Profits Percent Change
    -22.4
  • Assets ($M)
    265812.6
  • Employees
    9844

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

CEORoger W. Crandall
CEO TitleChairman, President & Chief Executive Officer
SectorFinancials
IndustryInsurance: Life, Health (Mutual)
HQ LocationSpringfield, Mass.
Websitewww.massmutual.com
Years on Fortune 500 List25
Employees9,844

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 Revenues1.0%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity2.5%

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)-