MassMutual Approves Document $1.72 Billion Estimated 2019 Dividend Payout

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The MassMutual board accepted a file $1.72 billion estimated dividend payout in 2019 to eligible taking part policyowners and members.

The all-time excessive estimated dividend payout represents a rise of greater than $125 million over 2018, and marks the 151st consecutive yr that MassMutual will likely be paying a dividend.

Moreover, the 2019 estimated payout displays a dividend curiosity rate1 of 6.40 p.c for eligible taking part insurance policies, sustaining the identical fee as 2018.

Whereas dividends should not assured, MassMutual has paid them to eligible taking part policyowners yearly since 1869. In actual fact, with the 2019 estimated payout, MassMutual can have delivered $14.7 billion in dividends to eligible taking part policyowners since 2010.

“MassMutual’s monitor file of constantly paying an industry-leading dividend is the results of our distinct, diversified technique, and core to who we’re as a mutual firm run for the advantage of our taking part policyowners and members,” stated Roger Crandall, MassMutual Chairman, President and CEO. “Our file estimated dividend payout for 2019 displays the energy of our operations, the longevity of our success, and ongoing stewardship that has helped generations of individuals safe their future and defend those they love.”

The 2019 estimated dividend payout displays improved mortality expertise and favorable funding efficiency, in addition to MassMutual’s strategic differentiator – its various mixture of high-performing companies, together with its institutional and office companies in addition to its investments in worldwide insurance coverage and world asset administration operations. It additionally underscores MassMutual’s monetary energy, as the corporate has constantly earned among the many highest scores of any firm in any industry2.

Additional, over the previous decade, MassMutual has delivered on commitments it made to its policyowners and prospects by paying greater than $35 billion in insurance coverage and annuity advantages – together with greater than $5 billion in 2017 – and has elevated complete adjusted capital greater than 60 p.c to historic ranges of greater than $18 billion3.

“Our 2019 estimated dividend payout displays our steadfast dedication to our taking part policyowners and members,” stated Mike Fanning, head of MassMutual U.S. “By way of our devoted monetary professionals and revolutionary digital instruments that meet individuals on their phrases, we’re strongly positioned to offer holistic monetary options to the hundreds of thousands extra who want them.”

About MassMutual
MassMutual is a number one mutual life insurance coverage firm that’s run for the advantage of its members and taking part policyowners. MassMutual gives a variety of economic services and products, together with life insurance coverage, incapacity earnings insurance coverage, long run care insurance coverage, annuities, retirement plans and different worker advantages. For extra info, go to www.massmutual.com.

1 The dividend and dividend rate of interest (DIR) are decided yearly, topic to vary and should not assured. Dividends for eligible taking part life insurance coverage insurance policies primarily include funding, mortality and expense parts. The DIR is used to find out the funding element of the dividend. It isn’t the speed of return on the coverage and shouldn’t be the only real foundation for evaluating insurers or coverage efficiency.

2 Monetary energy scores for MassMutual and its subsidiaries, C.M. Life Insurance coverage Firm and MML Bay State Life Insurance coverage Firm are as follows: A.M. Greatest Firm, A++ (Superior); Fitch Rankings, AA+ (Very Robust); Moody’s Buyers Service, Aa2 (Wonderful); and Normal & Poor’s, AA+ (Very Robust). Rankings are as of November 5, 2018, and are topic to vary.

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