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77 - Massachusetts Mutual Life Insurance

Courtesy of Massachusetts Mutual Life

After growing its financial advisor continued to expand its workforce. In 2016 it bought rival MetLife’s network of 4,000 life insurance agents for $300 million, helping it boost annual sales by 14% and pushing it up the Fortune 500 list. Low interest rates and market volatility were hazards for the company and its peers, but the Springfield, Mass. company ended its fiscal 2016 with record sales ($11.4 billion in retirement plans alone) and $675 billion in assets under management, up $33 billion from 2015.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$37788
Revenue Percent Change-1.2%
Profits ($M)$1,273.5
Profits Percent Change-10.6%
Assets ($M)$271040
Market Value — as of March 31, 2017 ($M)$
Employees11,737
Previous Rank76

Company Facts

Employees11,737
SectorFinancials
IndustryInsurance: Life, Health (Mutual)
HQ LocationSpringfield, MA
CEORoger W. Crandall
CEO Title-
Websitewww.massmutual.com
Years on Fortune 500 List23

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