Global 500

Rank
270
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Massachusetts Mutual Life Insurance

Courtesy of Massachusetts Mutual Life
  • Previous Rank
    258
  • Revenues ($M)
    37788
  • Revenue Percent Change
    -1.2
  • Profits ($M)
    1273.5
  • Profits Percent Change
    -10.6
  • Assets ($M)
    271040
  • Employees
    11737

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
SectorFinancials
IndustryInsurance: Life, Health (Mutual)
HQ LocationSpringfield, MA
Websitewww.massmutual.com
Years on Global 500 List21
Employees11,737

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 Revenues3.4%
Profits as % of Assets0.5%
Profits as % of Stockholder Equity8.3%