Massachusetts Mutual Life Insurance Company - Company Profile
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Massachusetts Mutual Life Insurance Company (MassMutual) offers a range of life insurance products to individuals and businesses. It offers insurance products for whole life, term life, universal life, variable universal life, disability income, long-term care, group accident, and group critical illness. The company offers group whole life insurance, group universal life insurance, and annuity products such as deferred fixed annuities, immediate income annuities, deferred income annuities, variable annuities, and fixed index annuities. It also offers college savings plans, individual retirement accounts, defined benefit plans, nonqualified deferred compensation plans, defined contribution plans, institutional insurance, advisory and trust services, mutual funds, exchange-traded funds, and retirement plans. MassMutual is headquartered in Springfield, Massachusetts, the US.
Headquarters
United States of America
Address
1295 State Street, Springfield, Massachusetts, 01111-0001
Website
www.massmutual.com
Telephone
1 413 7888411
Industry
Financial Services
Revenue (2024)
$34.2B
Massachusetts Mutual Life Insurance Company premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Variable Annuities | Asset Management Services |
| Income Annuities | Trust Services |
| Disability Income Insurance | Investment Management Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In November, the company entered into an agreement to sell an 18% stake in Barings to Mitsui Sumitomo Insurance Co., Ltd, an insurance company. |
| 2025 | Plans/Strategy | In August, the company and Orion introduced a new Wealth Management Solutions (WMS) Orion platform to accelerate advisor growth. |
| 2025 | New Products/Services | In May, the company launched new group critical illness and group accident insurance to its portfolio. |
Competitor Comparison
| Key Parameters | Massachusetts Mutual Life Insurance Company | The Northwestern Mutual Life Insurance Co | New York Life Insurance Co | NLV Financial Corp | Colonial Penn Life Insurance Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Springfield | Milwaukee | New York City | Montpelier | Philadelphia |
| State/Province | Massachusetts | Wisconsin | New York | Vermont | Pennsylvania |
| No. of Employees | - | 8,200 | 15,000 | 1,350 | - |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Roger W. Crandall | Chief Executive Officer; President; Chairman | Executive Board | - | - |
| Mary Jane Fortin | Chief Financial Officer | Senior Management | 2025 | - |
| Geoffrey Craddock | Chief Risk Officer | Senior Management | - | - |
| Eric Partlan | Chief Investment Officer | Senior Management | 2023 | - |
| Sears Merritt | Head - Technology and Experience | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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