Massachusetts Mutual Life Insurance Company (MassMutual) has announced that 2025 will mark the 157^th consecutive year that the company will pay an annual dividend to its eligible participating policyowners. The total estimated payout will be more than $2.5 billion, the largest in MassMutual’s history. The dividend interest rate (DIR)¹ has increased to 6.40%.

“Our 2025 record dividend payout reflects our unwavering commitment to delivering consistently strong performance and enduring value to our policyowners,” said Roger Crandall, chairman, president and CEO, MassMutual. “As a mutual company, our interests are directly aligned with their needs, which means our success is their success. This foundational principle continues to guide MassMutual as we grow and evolve, finding ways to reach more people and help them protect their assets, grow their wealth, and achieve financial security and peace of mind throughout their lives.”

A key contributor to MassMutual’s consistency in delivering such a strong dividend is the company’s excellent operating fundamentals, as well as earnings from its portfolio of strategic businesses and investments. In addition, MassMutual continues to enhance its exceptional financial position, growing total adjusted capital to nearly $34 billion² and maintaining among the highest ratings of any company in any industry.³

All of this helps fuel the company’s ability to reach the vast number of uninsured and underinsured in the US while delivering on its commitments to its policyowners and customers. MassMutual has more than $1 trillion in life insurance protection in force⁴ and has paid more than $60 billion in insurance and annuity benefits over the past decade,⁴ helping generations of individuals and families endure the financial loss of a loved one, recover from an accident or illness without financial stress, or retire on their terms.

“From the moment we issued our first policy in 1851, MassMutual has helped millions of people navigate the unthinkable and unexpected with security and stability,” added Crandall. “In a world filled with questions and uncertainty, those who rely on us can have confidence in knowing that we are here to help them secure their future and protect the ones they love.”

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 consistent 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.

¹ The dividend and dividend interest rate (DIR) are determined annually, subject to change and are not guaranteed. Dividends for eligible participating life insurance policies primarily consist of investment, mortality and expense components. The DIR is used to determine the investment component of the dividend. It is not the rate of return on the policy and should not be the sole basis for comparing insurers or policy performance.

² Total adjusted capital is as of June 30, 2024. These are interim consolidated statutory unaudited results for 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, as well as key investment subsidiaries and operations.

³ 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 November 1, 2024, and are subject to change.

⁴ As of June 30, 2024. In addition to MassMutual and its subsidiaries C. M. Life Insurance Company, MML Bay State Life Insurance Company, it includes MassMutual Ascend beginning in 2021.

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