What’s behind MassMutual’s financial strength

Mark Hill

By Mark Hill
Mark Hill is an expert in life insurance at MassMutual.
Posted on Apr 8, 2020

Since 1851, MassMutual has provided financial security and enduring value to our policyowners.

We continue to be a mutual life insurance company that operates primarily for the benefit of these policyowners and one of the largest financial services firms in the United States.

Our business model has allowed us to deliver superior results while maintaining financial strength ratings that are among the highest in our industry.

We have weathered two world wars, the Great Depression, the 2008 financial crisis, and numerous other events that impacted the U.S. financial system.

We continue to have exceptional financial strength. The following summarizes some key measures of the financial strength that backs our commitments to our policyowners:

  • Surplus and capital grew to record levels in 2019. Our surplus increased by 21 percent to $18.9 billion. Total adjusted capital increased 23 percent to $24.5 billion. This underscores our enduring financial strength and gives us the flexibility to make long-term financial decisions that benefit the company and our policyowners.
  • MassMutual is ranked No. 84 on the 2019 FORTUNE® 500 list ranking the largest U.S. corporations by total revenue.1
  • MassMutual has paid dividends to eligible participating policyowners every year since 1869. Our latest dividend payout totaled $1.7 billion, exceeding the $1.5 billion mark for the sixth year in a row.
  • Our well-diversified General Investment Account remains focused on high-quality core assets. Our goal is to generate competitive long-term results, while maintaining the ability to weather downturns in financial markets. Our focus on long-term, risk-adjusted returns and the consistent application of our investment strategy has resulted in a portfolio that has performed well for the company and our policyowners.
  • Independent rating agencies assess a company’s financial strength and capacity to meet its obligations to policyowners and other customers. MassMutual’s financial strength ratings are among the highest of any company in any industry.(Related: Understanding financial strength ratings )


A.M. Best Company:

 A++ (Superior; top category of 15)

Fitch Ratings:

 AA+ (Very Strong; second category of   21)

Moody’s Investors Service:

 Aa3 (High Quality; fourth category of 21)

Standard & Poor’s:

 AA+ (Very Strong; second category of   21)


Finally, we manage the company with a focus on the long-term interests of our policyowners and are not subject to the expectations of Wall Street analysts or stockholders. Our focus on the long-term has helped us provide financial and retirement security to millions of people, even in the worst of times.

Discover more from MassMutual …

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FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. and are used under license. From FORTUNE Magazine, May 16, 2019. © 2019 Time Inc. Used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, MassMutual.

Financial strength ratings are for MassMutual and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Ratings are as of March 1, 2020, and are subject to change.

The information provided is not written or intended as specific tax or legal advice. MassMutual and its subsidiaries, its employees, and representatives are not authorized to give tax or legal advice. You are encouraged to seek advice from your own tax or legal counsel. Opinions expressed by those interviewed are their own and do not necessarily represent the views of MassMutual.