Massachusetts Mutual Life Insurance Company (MassMutual)

OverviewSuggest Edit

Massachusetts Mutual Life Insurance Company (MassMutual) is a mutual life insurance company. It provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities.
TypePrivate
Founded1851
HQSpringfield, MA, US
Websitemassmutual.com
Employee Ratings3.9
Overall CultureA+

Locations

Massachusetts Mutual Life Insurance Company (MassMutual) is headquartered in
Springfield, United States

Location Map

Latest Updates

Employees (est.) (Sept 2021)11,613
Job Openings240
Revenue (FY, 2020)$23.3 B(-28%)
Cybersecurity ratingAMore

Key People/Management at Massachusetts Mutual Life Insurance Company (MassMutual)

Roger Crandall

Roger Crandall

Chairman, President and Chief Executive Officer
Susan Cicco

Susan Cicco

Head of Human Resources and Employee Experience
Geoffrey Craddock

Geoffrey Craddock

Chief Risk Officer
Timothy Corbett

Timothy Corbett

Chief Investment Officer
Michael Fanning

Michael Fanning

Head of MassMutual U.S.
Pia Flanagan

Pia Flanagan

Chief of Staff to the CEO
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Massachusetts Mutual Life Insurance Company (MassMutual) Office Locations

Massachusetts Mutual Life Insurance Company (MassMutual) has offices in Springfield, Boston, Enfield, New York and in 1 other location
Springfield, MA, US (HQ)
1295 State St
Boston, MA, US
1 Marina Park Drive
Boston, MA, US
470 Atlantic Ave
Enfield, CT, US
100 Bright Meadow Blvd
New York, NY, US
60 Madison Ave
Phoenix, AZ, US
11001 N Black Canyon Hwy
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Massachusetts Mutual Life Insurance Company (MassMutual) Financials and Metrics

Summary Metrics

Founding Date

1851
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Massachusetts Mutual Life Insurance Company (MassMutual) Revenue

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Massachusetts Mutual Life Insurance Company (MassMutual)'s revenue was reported to be $23.26 b in FY, 2020 which is a 28.7% decrease from the previous period.
USD

Revenue (FY, 2020)

23.3b

Revenue growth (FY, 2019 - FY, 2020), %

(28.7%)

Gross profit (FY, 2020)

8.1b

Gross profit margin (FY, 2020), %

34.7%

Net income (FY, 2020)

128.0m

Cash (31-Mar-2021)

6.9b
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

32.5b32.6b23.3b

Revenue growth, %

24%0%(29%)

Cost of goods sold

26.8b26.2b15.2b

Gross profit

5.7b6.4b8.1b
Half Year
USDH1, 2019H1, 2020

Revenue

15.1b17.3b

Cost of goods sold

12.1b16.0b

Gross profit

3.0b1.3b

Gross profit Margin, %

20%8%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

4.7b4.3b6.2b

Total Assets

254.8b279.9b313.1b

Total Liabilities

239.2b261.0b288.8b

Common Stock

10.3b15.0b17.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

3.7b2.7b5.5b12.9b13.7b10.0b6.9b

Total Assets

261.4b271.6b280.2b298.6b311.0b319.7b307.0b

Total Liabilities

245.7b253.1b261.0b276.6b288.0b297.1b282.9b

Common Stock

10.7b13.9b14.9b15.2b15.8b16.1b17.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Cash From Operating Activities

6.5b8.9b2.5b

Cash From Investing Activities

(7.0b)(9.3b)(16.9b)

Cash From Financing Activities

1.3b(98.0m)16.3b

Net Change in Cash

794.0m(416.0m)1.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash From Operating Activities

2.1b3.4b5.7b2.0b4.5b3.5b2.7b

Cash From Investing Activities

(2.7b)(5.5b)(6.2b)(1.2b)(4.2b)(11.7b)(196.0m)

Cash From Financing Activities

(505.0m)114.0m1.3b7.8b9.0b13.9b(1.7b)

Net Change in Cash

(1.0b)(2.0b)816.0m8.6b9.4b5.7b763.0m
USDFY, 2018

Revenue/Employee

2.7m

Financial Leverage

16.3 x
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Massachusetts Mutual Life Insurance Company (MassMutual) Operating Metrics

Massachusetts Mutual Life Insurance Company (MassMutual)'s Assets Under Management was reported to be $616b in FY, 2020.
FY, 2017FY, 2018FY, 2019Sep, 2020FY, 2020Jun, 2021

Assets Under Management

$771 b$702 b$567 b$616 b

Patent Applications

117

Patents (US)

127187

Trademarks (US)

7268
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Massachusetts Mutual Life Insurance Company (MassMutual) Acquisitions / Subsidiaries

Company NameDateDeal Size
Blueprint IncomeFebruary 08, 2021
Great American Insurance GroupJanuary 27, 2021$3.5 b
FlourishDecember 14, 2020
Viability Advisory GroupNovember 16, 2015
C.M. Life Insurance Company
MML Bay State Life Insurance Company

Massachusetts Mutual Life Insurance Company (MassMutual) Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Massachusetts Mutual Life Insurance Company (MassMutual) Online and Social Media Presence

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Massachusetts Mutual Life Insurance Company (MassMutual) Company Culture

  • Overall Culture

    A+

    97/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

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Massachusetts Mutual Life Insurance Company (MassMutual) Frequently Asked Questions

  • When was Massachusetts Mutual Life Insurance Company (MassMutual) founded?

    Massachusetts Mutual Life Insurance Company (MassMutual) was founded in 1851.

  • Who are Massachusetts Mutual Life Insurance Company (MassMutual) key executives?

    Massachusetts Mutual Life Insurance Company (MassMutual)'s key executives are Roger Crandall, Susan Cicco and Geoffrey Craddock.

  • How many employees does Massachusetts Mutual Life Insurance Company (MassMutual) have?

    Massachusetts Mutual Life Insurance Company (MassMutual) has 11,613 employees.

  • What is Massachusetts Mutual Life Insurance Company (MassMutual) revenue?

    Latest Massachusetts Mutual Life Insurance Company (MassMutual) annual revenue is $23.3 b.

  • What is Massachusetts Mutual Life Insurance Company (MassMutual) revenue per employee?

    Latest Massachusetts Mutual Life Insurance Company (MassMutual) revenue per employee is $2 m.

  • Who are Massachusetts Mutual Life Insurance Company (MassMutual) competitors?

    Competitors of Massachusetts Mutual Life Insurance Company (MassMutual) include Colonial Life, Northwestern Mutual and MetLife.

  • Where is Massachusetts Mutual Life Insurance Company (MassMutual) headquarters?

    Massachusetts Mutual Life Insurance Company (MassMutual) headquarters is located at 1295 State St, Springfield.

  • Where are Massachusetts Mutual Life Insurance Company (MassMutual) offices?

    Massachusetts Mutual Life Insurance Company (MassMutual) has offices in Springfield, Boston, Enfield, New York and in 1 other location.

  • How many offices does Massachusetts Mutual Life Insurance Company (MassMutual) have?

    Massachusetts Mutual Life Insurance Company (MassMutual) has 6 offices.