MassMutual’s Business Resource Groups (BRGs) are an integral part of the company’s Diversity & Inclusion strategy.
Company receives distinctive honors and awards, adding luster to a year of strong growth and expansion
Massachusetts Mutual Life Insurance Company (MassMutual) has capped a year of exceptional growth by earning a range of third-party distinctions that underscore the company’s industry leadership and commitment to providing lifelong financial protection to people across America.
A World’s Most Ethical Company
MassMutual marked the fourth consecutive year as a World’s Most Ethical Company and remains the only mutual company named Most Ethical by The Ethisphere Institute4 in the life insurance industry category. The World’s Most Ethical Company distinction underscores a company’s commitment to leading ethical business standards and practices, and recognizes their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day. At MassMutual, this prestigious accolade further validates the high value the company places on ethical business standards, practices and governance.
MassMutual’s Business Resource Groups (BRGs) are an integral part of the company’s Diversity & Inclusion strategy. The BRGs support initiatives that drive organizational results, increase employee
engagement and foster awareness, respect, and inclusion within the workplace.The ALMMA BRG values the many Hispanic cultures represented and supported at MassMutual. The word ‘Alma’ in Spanish means soul, and though cultures and dialects may differ, it is our soul that unites us. ALMMA is committed to supporting business initiatives, promoting cultural diversity, and creating an inclusive environment that fosters personal enrichment and professional development of Latinos and allies at MassMutual.
“I am proud that MassMutual is being recognized by renowned organizations for the strong results we deliver for the long-term benefit of our policyowners and, equally important, with respect to how we manage our business,” said Roger Crandall, MassMutual Chairman, President and CEO. “We have made great strides in reaching more people who need what we offer, and the accolades we have received are a testament to our work helping millions of Americans achieve the financial well-being needed to help secure their future and protect the ones they love.”
A Leader in Protecting Americans with Permanent Life Insurance
For the first time in its history, MassMutual has topped the list for placing the most whole life insurance business in the industry, according to the worldwide research and consulting firm LIMRA.1 MassMutual experienced a 34 percent growth rate in 2016, compared to an industry average of 9 percent, marking more than a decade of industry-leading of growth for MassMutual’s whole life insurance offerings.
This momentum has been fueled by the company’s record 9,500-strong financial advisor network resulting from the company’s acquisition of the MetLife Premier Client Group last summer, as well as the introduction of new and digital channels, which represented nearly 30 percent of new policies last year, including whole life insurance. Over the past decade, MassMutual has added more than 880,000 new policies and more than $490 billion in new insurance protection for its customers, demonstrating its ability to address the vast financial unpreparedness in our country, where more than 37 million households have no life insurance protection.2
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.massmutual.com.
1LIMRA’s Fourth Quarter (2016) U.S. Retail Life Insurance Sales Summary Report (March 2017)
2LIMRA 2016 Trends in Life Insurance Ownership study (September 2016)