Published on: Tuesday, 04 March 2025 ● 6 Min Read
SPRINGFIELD, Mass.--(BUSINESS WIRE)--MassMutual today reported strong financial results1 for 2024, maintaining its position as a leading provider of protection, accumulation, and lifetime income solutions, significantly growing its wealth management business, and making meaningful progress on its long-term strategy.
Financial performance highlights for the year ended December 31, 2024 include:
“In a year with robust economic fundamentals and strong equity market performance, contrasted with rising costs of living and monetary and fiscal policy uncertainty, MassMutual enhanced its position as a market leader and made meaningful progress on our long-term strategy,” said Roger Crandall, Chairman, President and CEO, MassMutual. “Thanks to the incredible work of our talented employees and passionate, dedicated network of financial professionals, we navigated another year of remarkable change in our world, providing our policyowners with greater confidence, financial stability, and peace of mind.”
Strategic Progress Highlights
In 2024, MassMutual continued to make significant progress on its long-term strategy and invest in its future growth. Key highlights included:
“As we face continued uncertainty in the year ahead, MassMutual is in an excellent position to navigate it and deliver exceptional value to our policyowners and customers with our enhanced and expanded distribution, broad and diverse portfolio of holistic solutions, outstanding capital position, and long-term, diversified investment approach,” added Crandall. “In 2025, we look forward to putting all of these strengths to work to help millions more secure their future and protect the ones they love.”
MassMutual also continues to earn accolades for its leading reputation and culture. The company reached No. 102 on the FORTUNE® 500 in 2024 and was named a FORTUNE Most Admired company for the 24th time in 2025.4 Additionally, the Boston Globe named MassMutual a Top Place to Work in Massachusetts for the sixth straight year.
1 These are consolidated statutory results of Massachusetts Mutual Life Insurance Company and its U.S.-domiciled life insurance subsidiaries: C.M. Life Insurance Company, MML Bay State Life Insurance Company and MassMutual Ascend Life Insurance Company. |
2 Financial strength ratings for MassMutual and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company, are as follows: A.M. Best Company, A++ (Superior); Fitch Ratings, AA+ (Very Strong); Moody's Investors Service, Aa3 (High Quality); and S&P Global Ratings, AA+ (Very Strong). Ratings are current as of March 1, 2025 and are subject to change. |
3 The dividend and dividend interest rate are determined annually, subject to change and are not guaranteed. |
4 From FORTUNE©. FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2024) and FORTUNE World’s Most Admired Company (February 2025) are registered trademarks of FORTUNE Media IP Limited and is used under license. FORTUNE is not affiliated with and does not endorse products or services of MassMutual. |
About MassMutual (Massachusetts Mutual Life Insurance Company)
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
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