Position as a top provider of whole life insurance, record operating earnings, growth of wealth management business, and historic dividend reflect company's enduring strength, commitment to policyowner value SPRINGFIELD, Mass.--(BUSINESS WIRE)--March 02, 2026-- MassMutual today reported excellent financial results(1) for 2025, driven by strong sales, record operating earnings, and growth of its wealth management business. The company also maintained its position as a top provider of whole life insurance and continued to deliver exceptional policyowner value by approving its highest-ever policyowner dividend, while also making meaningful progress on its long-term strategy. Financial performance highlights for the year ended December 31, 2025 include: --
Increased sales and client assets: Sales from MassMutual's domestic
insurance operations topped $43 billion, underscoring the depth of the
company's distribution and broad portfolio of holistic solutions that
help people protect their assets and grow their wealth. Along with
maintaining its position as a top provider of whole life insurance,
MassMutual saw increased demand for its wealth management solutions as
client assets grew to a record $312 billion.2
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Record operating earnings: Increased sales across the company's
extensive portfolio of products -- together with sound operating
fundamentals and favorable market conditions -- grew statutory operating
earnings to nearly $3.9 billion, an all-time high.3
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Long-standing foundation of financial strength and stability: Total
adjusted capital grew from the prior year to $34.4 billion and all four
major rating agencies affirmed MassMutual's ratings, which are among the
highest in any industry.4
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Providing financial security to more people: MassMutual increased the
life insurance protection it provides to nearly $1.1 trillion and paid
$10.3 billion in insurance and annuity benefits, an all-time high,
delivering on its long-term obligations to policyowners and customers
during times they need it most.
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Historic dividend payout: MassMutual approved an estimated dividend
payout to eligible participating policyowners of $2.9 billion for 2026 --
the highest in company history, marking two decades of delivering an
industry-leading dividend interest rate.5
"In an economic landscape that brought both ongoing uncertainty and
surprising resilience, MassMutual delivered another exceptional year in
2025," said Roger Crandall, Chairman, President and CEO, MassMutual.
"Rooted in mutuality and our long-term approach and led by our talented,
passionate, and dedicated employees and financial professionals, we
reached more people, achieved new records, and delivered strength,
stability and solutions to the more than four million policyowners and
customers who place their trust in us."
Strategic Progress Highlights
In 2025, MassMutual continued to make significant progress on its
long-term strategy and invest in its future growth. Key highlights
included:
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Meeting people where they are with the solutions they need. MassMutual
empowered its financial professionals by enabling them to provide more
personalized advice, enhanced digital tools, and a broader suite of
solutions to help individuals protect and grow their wealth. The company
also continued to build relationships with other financial institutions,
independent advisors and at the worksite.
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Providing a simplified, seamless experience. MassMutual continued its
efforts to provide its policyowners and customers with a better and
easier experience, whether it's simplifying how the company issues
protection so people can get it faster, providing enhanced self-service
tools to help them manage their coverage, or successfully implementing AI
to enhance processes and create greater value for customers. Additionally,
MassMutual offered policyowners access to prevention-based wellness
benefits, helping them make better decisions about their health and lead
a longer, healthier life.
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Driving long--term value through a diversified portfolio of strategic
businesses and investments. This portfolio continues to deliver sustained
value to MassMutual's policyowners as the company received strong
contributions in 2025 from its Institutional Solutions business, as well
as Barings, MassMutual's global asset management subsidiary, and through
its ownership interest in Rothesay, one of the U.K.'s largest pensions
insurance specialists. Notably, in 2025, MassMutual announced a new
strategic partner to invest in Barings' long-term growth and success,
building on MassMutual's long-standing asset management strategy.
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Investing in the well-being of employees and giving back to the
community. MassMutual continued to invest in its people by offering a
full spectrum of programs and resources to support employees' physical,
mental, and financial well-being, pursue professional growth
opportunities, and care for the ones they love. The company also
supported its communities by investing in early childhood programs,
addressing food insecurity in Massachusetts, and expanding economic
opportunities in low-income areas, while also continuing its partnership
with the Boston Red Sox with programs that lift education, youth, and
families.
"With MassMutual celebrating its 175(th) anniversary in 2026, we are not
only honoring our legacy; we are strengthening it," added Crandall.
"From the moment we issued our first policy in 1851, MassMutual has
stood behind people as they've faced challenges and pursued
possibilities. We remain incredibly proud and humbled by the enormous
responsibility people place in us, and we look forward to honoring their
trust by building a company that will grow, endure, and help future
generations secure their future and protect the ones they love."
Capping MassMutual's successful financial results in 2025, the company
continues to be recognized for its strong reputation and purpose-driven
culture. The company reached No. 102 on the FORTUNE$(R)$ 500 in 2025 and
most recently, was named a FORTUNE Most Admired company for the 25(th)
time.(6) Additionally, the Boston Globe named MassMutual a Top Place to
Work in Massachusetts for the seventh 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) Includes total client assets for MML Investors Services, LLC and
MassMutual Private Wealth & Trust as of 12/31/25.
(3) Represents statutory net gain from operations before dividends and
taxes, excluding realized gains and losses, as of 12/31/25.
(4) 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 3/1/26 and are
subject to change.
(5) The dividend and dividend interest rate are determined annually,
subject to change and are not guaranteed.
(6) From FORTUNE(c) . FORTUNE Media IP Limited. All rights reserved.
FORTUNE 500 (June 2025) and FORTUNE World's Most Admired Company
(February 2026) 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 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.
MM202703-315114
View source version on businesswire.com: https://www.businesswire.com/news/home/20260302233865/en/
CONTACT:
Chelsea Haraty, chelseaharaty@massmutual.com, (413) 426-2008
(END) Dow Jones Newswires
March 02, 2026 09:21 ET (14:21 GMT)