Massachusetts Mutual Life Insurance Company (MassMutual)

Massachusetts Mutual Life Insurance Company (MassMutual) is a mutual life insurance firm. It provides financial products such as life insurance, disability income insurance, long term care insurance, annuities, retirement, and investments plans. The company serves individuals, employers, and institutions.

Employee Rating

3.9
TypeSubsidiary
Parent CompanyEmpower Retirement
HQSpringfield, MA, US
Founded1851
Websitemassmutual.com
Cybersecurity ratingBMore
Massachusetts Mutual Life Insurance Company (MassMutual) was founded in 1851 and is headquartered in Springfield, MA, US
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Key People/Management at Massachusetts Mutual Life Insurance Company (MassMutual)

Roger Crandall

Roger Crandall

Chairman, President and Chief Executive Officer
Elizabeth Ward

Elizabeth Ward

Chief Financial Officer
Timothy Corbett

Timothy Corbett

Chief Investment Officer
Michael Fanning

Michael Fanning

Head of MassMutual U.S.
Geoffrey Craddock

Geoffrey Craddock

Chief Risk Officer
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 and New York
Springfield, MA, US (HQ)
1295 State St
Boston, MA, US
10 Fan Pier Boulevard
New York, NY, US
60 Madison Ave
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Massachusetts Mutual Life Insurance Company (MassMutual) Financials and Metrics

Summary Metrics

Founding Date

1851
Massachusetts Mutual Life Insurance Company (MassMutual) is a subsidiary of Empower Retirement

Massachusetts Mutual Life Insurance Company (MassMutual) Revenue

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View revenue for all periods
Massachusetts Mutual Life Insurance Company (MassMutual)'s revenue was reported to be $30.46 b in FY, 2021 which is a 31% increase from the previous period.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

32.6b23.3b30.5b

Revenue growth, %

0%(29%)31%

Cost of goods sold

26.2b15.2b23.6b

Gross profit

6.4b8.1b6.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

7.1b15.1b23.4b9.5b17.3b26.8b6.3b14.5b21.9b

Cost of goods sold

5.7b12.1b19.4b9.9b16.0b23.5b4.9b11.1b17.3b

Gross profit

1.4b3.0b4.0b(453.0m)1.3b3.3b1.4b3.4b4.6b

Gross profit Margin, %

19%20%17%(5%)8%12%22%23%21%
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

Financial Leverage

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

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

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
MetLife’s U.S. retail advisor forceJuly 05, 2016
Viability Advisory GroupNovember 16, 2015
Aag Insurance Agency, Inc.
Babson Clo Ltd. 2013-II
BARING ASSET MANAGEMENT (ASIA) HOLDINGS LIMITED
Barings LLC
Barings Multifamily Capital Holdings LLC
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Massachusetts Mutual Life Insurance Company (MassMutual) Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Massachusetts Mutual Life Insurance Company (MassMutual) Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub 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

    B+

    73/100

  • CEO Rating

    A-

    77/100

  • Compensation

    C+

    67/100

  • Diversity

    C+

    67/100

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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, Elizabeth Ward and Timothy Corbett.

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

    Massachusetts Mutual Life Insurance Company (MassMutual) has 11,939 employees.

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

    Latest Massachusetts Mutual Life Insurance Company (MassMutual) annual revenue is $30.5 b.

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

    Latest Massachusetts Mutual Life Insurance Company (MassMutual) revenue per employee is $2.6 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 and New York.

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

    Massachusetts Mutual Life Insurance Company (MassMutual) has 3 offices.