Financial Performance and Insurance Ratings
At MassMutual, we’ve followed a prudent investment strategy for more than 170 years, giving policyowners confidence that we will deliver on our long-term commitments.
2023 Financial Summary
2023 Financial Summary
#104
on the Fortune 500© list1
$2.15B
in Policyowner Dividends2
$9.1B
Insurance and Annuity Benefits paid in 20233
$34.5B
in total adjusted capital3
$263B
total invested assets
Financial Strength Ratings5
Financial Strength Ratings5
| Rating Agency | Rating | Outlook |
|---|---|---|
| A.M. Best Company |
A++ |
Stable |
|
Fitch Ratings |
AA+ |
Stable |
|
Moody's Investors Service |
Aa3 |
Stable |
|
Standard & Poor's |
AA+ |
Stable |
Financial Documents
Financial Documents
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Protect those who matter most
Protect those who matter most
Performance Reports
Our Long-Term Investment Philosophy
Our Long-Term Investment Philosophy
Being able to honor our commitments to our customers and policyowners is important to us. That’s why we’re proud our investment strategy helps position us to do so both now, and in the future.
Our investment strategy is built on diversification, prudent security selection and value. Because of it, we’ve been able to achieve solid long-term investment returns — even in unpredictable markets and challenging economic times.
1From FORTUNE. ©2024 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2023) and FORTUNE World’s Most Admired Company (February 2024) are registered trademarks of FORTUNE Media IP Limited and are used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of MassMutual.
2 Source: Massachusetts Mutual Life Insurance Company Statutory Annual Statement (Consolidated), Year-End – Summary of Financial Position – Policyowners Dividends: The liability for policyholders’ dividends includes the estimated amount of annual dividends and settlement dividends.
3 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, as well as key investment subsidiaries and operations, as of December 31, 2023.
4 These are consolidated 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, as of December 31, 2023.
5 Ratings are as of 12/1/2024 and apply to Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Ratings are subject to change.