Massachusetts Mutual Life Insurance

Courtesy of Massachusetts Mutual Life
  • Previous Rank
  • Revenues ($M)
  • Revenue Percent Change
  • Profits ($M)
  • Profits Percent Change
  • Assets ($M)
  • Employees

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.

Company Information

CEORoger W. Crandall
IndustryInsurance: Life, Health (Mutual)
HQ LocationSpringfield, MA
Years on Global 500 List21

Key Financials (Last Fiscal Year)

Revenues ($M)$37,788
Profits ($M)$1,273.5
Assets ($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%