On MassMutual’s Strength

To Our Valued Business Partners,

Recent economic events have many questioning the financial strength of the institutions they do business with. During uncertain times like this, I want to assure you that MassMutual is strongly positioned to weather this challenging environment and continue to deliver on our commitments.

As a mutual life insurance company, MassMutual operates for the benefit of our members and participating policyowners. As such, we manage our business with a long-term view that enables us to meet our obligations to you, whether they are today, tomorrow, or a generation from now. Throughout our 172-year history, we have maintained the financial strength and flexibility necessary to successfully navigate a number of events that have shaken the U.S. financial system, including two world wars, the Great Depression, the 2008 financial crisis, and most recently, the COVID- 19 pandemic.

As we reported in our 2022 financial results, our total adjusted capital – a primary indicator of our financial strength – reached an annual record last year, and we continue to hold ratings that are among the highest of any company in any industry.¹ We also maintain strong levels of liquidity to provide additional flexibility to help us manage through extreme market conditions. And our more than $250 billion General Investment Account – which backs the obligations we make to our policyowners – is well-diversified and managed with a long-term view that enables us to endure short- term fluctuations in asset values. 

In addition, we also invest in a portfolio of strategic businesses and investments – including our non-participating insurance and annuity businesses, institutional and worksite operations, and ownership interests in global asset management companies – to generate additional earnings that have enabled us to pay dividends to our eligible participating policyowners every year since 1869.²

All of this means that MassMutual is well-positioned and strong in the face of the current market turmoil. Thank you for continuing to place your trust and confidence in us. If you have questions, I encourage you to work with your key contacts at MassMutual Strategic Distributors. We are here to help you understand what’s at work in the market and your investments – and how MassMutual can help secure your future and protect the ones you love.

Sincerely,

Lisa Todd
Head of Life & Disability Insurance Distribution
MassMutual Strategic Distributors 

1 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 16, 2023, and are subject to change. 

2 Dividends are determined annually, subject to change, and are not guaranteed.