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93 - Massachusetts Mutual Life Insurance

Courtesy of Massachusetts Mutual Life

Plunging 16 spots on this year’s Fortune 500 list, MassMutual had a tough 2017. The revenue the insurer collected from insurance plan premiums dropped 16% last year, as it struggled to sell retirement plans. Tax reform and an increase in realized investment losses put a dent in 2017 profits. But the company expects to earn a return when it completes the sale of its Asian subsidiary to a group of investors– including a firm backed by Alibaba chairman Jack Ma–in a deal that was announced last August.

Key Metrics & Financials (Last Fiscal Year)

Previous Rank77
Revenues ($M)$33495
Revenue Percent Change-11.4%
Profits ($M)$513.0
Profits Percent Change-59.7%
Assets ($M)$288855
Market Value — as of March 29, 2018 ($M)-
Employees11811

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Company Facts

Employees11811
SectorFinancials
IndustryInsurance: Life, Health (Mutual)
HQ LocationSpringfield, Mass.
CEORoger W. Crandall
CEO Title-
Websitewww.massmutual.com
Years on Fortune 500 List24

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