|By PR Newswire||
|February 28, 2014 01:30 PM EST||
SPRINGFIELD, Mass., Feb. 28, 2014 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced today that it has once again been named a FORTUNE World's Most Admired Company in 2014 in both the life and health insurance industry category, and in the Commonwealth of Massachusetts. At number five on the life and health insurance industry list, MassMutual is the most admired mutual insurer for the second year in a row.
The 2014 FORTUNE World's Most Admired Company survey was conducted in the fall of 2013 among top executives, directors and securities analysts in 57 industries. 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.
Notably, MassMutual ranked among the top three life and health insurers in the areas of social responsibility, quality of products/services, quality of management, people management, and use of corporate assets in the life and health insurance industry category.
"We are honored to be a FORTUNE World's Most Admired Company again this year, and in particular, to once again be named the top ranked mutual company in our industry category," said Roger Crandall, Chairman, President and CEO, MassMutual. "We are deeply committed to providing value to our policyowners and customers and helping them secure their future and protect the ones they love. Our ongoing success is reflected in this important recognition."
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 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.
Contact: Paula Tremblay, 413-744-0885, [email protected]