B
MASSACHUSETTS MUTUAL LIFE INS CO
Springfield, MA
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
1.78
Risk Adjusted
Capital Ratio #2
1.26
Total
Assets
307.06B
Capital
22.61B
Net
Premiums
19.97B
Net
Income
-1.05B
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Major Rating Factors: Good quality investment portfolio (6.0 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good liquidity (6.2) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (6.3) excellent operational trends and excellent risk diversification.
Other Rating Factors: Fair profitability (4.1) with operating losses during the first nine months of 2020. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: I - Past results on our Investment Safety Index.
Principal Lines of Business: Group annuities (52.9%), ind annuities (7.7%), ind health (3.0%), group life (0.3%), other (36.1%)
Licensed in: All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
190.3B
Cash
0.11%
CMO & Structured Securities
9.29%
Other Investment Grade Bonds
40.54%
Non-Investment Grade Bonds
5.44%
Common & Preferred Stock
9.93%
Mortgages in Good Standing
14.44%
Non-Performing Mortgages
0.00%
Real Estate
0.19%
Other Investments
13.60%
Investments in Affiliates
15.23%
Corporate Info
Group Affiliation
Massachusetts Mutual Group
Investment Rating
--
Company Address
1295 STATE STREET
SPRINGFIELD, MA 1111
Phone Number
(413) 788-8411
NAIC Number
65935
Largest Affiliates
B
ENFIELD, CT - L&A
B
ENFIELD, CT - L&A
Weiss Ratings