SPRINGFIELD, Mass., March 4, 2013 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced today that it has once again been named a FORTUNE World's Most Admired Company in 2013 in the life and health insurance industry and in the state of Massachusetts. At number 3, MassMutual is the most admired mutual company in the life and health insurance industry category this year.
The 2013 FORTUNE World's Most Admired Company survey was conducted in the fall of 2012 among top executives, directors and securities analysts in 57 industries. To be named to the World's Most Admired list, a company's overall score must rank in the top half of its industry survey.
The survey assessed nine reputation drivers considered to be crucial to a company's global success: financial soundness, long-term investment value, people management, social responsibility, use of assets, quality of management, quality of products/services, innovation and global competitiveness.
"We are honored to be a FORTUNE World's Most Admired Company again this year, and especially proud to receive a top ranking in the social responsibility category in recognition of our important contributions in communities across the U.S.," said Roger Crandall, Chairman, President and CEO, MassMutual. "As a leader in an industry built on trust and accountability, we are pleased to be included among this elite list of admired companies."
For more details, visit www.fortune.com.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.