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 $33 billion from 2015.
Company Information
| CEO | Roger W. Crandall |
| Sector | Financials |
| Industry | Insurance: Life, Health (Mutual) |
| HQ Location | Springfield, MA |
| Website | www.massmutual.com |
| Years on Global 500 List | 21 |
| Employees | 11,737 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $37,788 |
| Profits ($M) | $1,273.5 |
| Assets ($M) | $271,040 |
| Total Stockholder Equity ($M) | $15,424 |
Profit Ratios
| Profit as % of Revenues | 3.4% |
| Profits as % of Assets | 0.5% |
| Profits as % of Stockholder Equity | 8.3% |
