SPRINGFIELD, Mass., May 13, 2013 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) has earned a position in the top 100 on the FORTUNE 500 list, which is a direct result of the company's strong performance in 2012.
In its just released-compilation of the largest 500 companies in the United States, FORTUNE listed MassMutual at No. 94, an advance of 27 places from the prior year's ranking. The widely recognized corporate scorecard, which ranks the 500 largest U.S. companies by total revenues based on data collected by FORTUNE, appears in the May 20, 2013 edition of FORTUNE.
In addition to the company's significant rise on the FORTUNE 500 list, MassMutual has also garnered recent esteemed industry awards and recognition in 2013, including the following:
- The company was once again named to FORTUNE's "World's Most Admired Company" list in its industry category (Life & Health Insurance). MassMutual is currently the highest ranked mutual insurance company in this category (FORTUNE, 3/18/2013).
- MassMutual recently won two awards at the 20th Annual Mutual Fund Industry Awards in New York City. The company won Deal of the Year for its acquisition of The Hartford's Retirement Plans business and Ad Campaign of the Year for its "Who Matters Most" campaign by Fund Industry Intelligence (Euromoney Institutional Investor) (April 25, 2013).
- DiversityInc named MassMutual to its 25 Noteworthy Companies list (April 23, 2013).
- The company was also named a Top 50 Company for Executive Women by the National Association of Female Executives (NAFE), and a Top 50 Employer by Equal Opportunity (February, 2013).
"We are extremely proud of our rise to the Top 100 on the FORTUNE 500 list, as well as the industry awards and recognition we have earned so far this year," said Roger Crandall, Chairman, President and CEO of MassMutual. "These accomplishments represent the excellent results we have achieved and the work our employees and financial professionals do each day to help people secure their future and protect the ones they love."
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. 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 policyowners 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.