At MassMutual, we’ve followed a prudent investment strategy for 175 years, giving clients confidence that we will deliver on our long-term commitments.
on the FORTUNE 500© list 1
in policyowner dividends 2
insurance and annuity benefits paid in 2025 3
total adjusted capital 3
total invested assets 4
Moody's Investors Service
SELECT A YEAR TO REVIEW THE FINANCIAL DOCUMENTS
2026 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Massachusetts Mutual Life Insurance Company Q1 Q2
2026 Annual Report (PDF) Report not yet available
2026 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 C.M. Life Insurance Company Q1 Q2 MML Bay State Life Insurance Company Q1 Q2 MassMutual Ascend Q1 Q2 Manhattan National Life Insurance Company Q1 Q2 Annuity Investors Life Insurance Company Q1 Q2 2026 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company Report not yet available C.M. Life Insurance Company Report not yet available MML Bay State Life Insurance Company Report not yet available MassMutual Ascend Report not yet available Annuity Investors Life Insurance Company Report not yet available 2026 Internal Control Certification (PDF) Report not yet available
2026 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company Report not yet available
C.M. Life Insurance Company Report not yet available
MML Bay State Life Insurance Company Report not yet available
MassMutual Ascend Report not yet available
Annuity Investors Life Insurance Company Report not yet available
2025 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2025 Annual Report (PDF)
2025 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4 MassMutual Ascend Q1 Q2 Q3 Q4 Manhattan National Life Insurance Company Q1 Q2 Q3 Q4 Annuity Investors Life Insurance Company Q1 Q2 Q3 Q4
2025 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company MassMutual Ascend Annuity Investors Life Insurance Company
2025 Internal Control Certification (PDF)
Funds Withheld Exhibit (PDF) MassMutual Ascend Q1 Q2 Q3 Q4
2024 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2024 Annual Report (PDF)
2024 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4 MassMutual Ascend Q1 Q2 Q3 Q4 Manhattan National Life Insurance Company Q1 Q2 Q3 Q4 Annuity Investors Life Insurance Company Q1 Q2 Q3 Q4
2024 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company MassMutual Ascend Annuity Investors Life Insurance Company
2024 Internal Control Certification (PDF)
2023 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2023 Annual Report (PDF)
2023 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4 MassMutual Ascend Q1 Q2 Q3 Q4 Manhattan National Life Insurance Company Q1 Q2 Q3 Q4 Annuity Investors Life Insurance Company Q1 Q2 Q3 Q4
2023 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company MassMutual Ascend Annuity Investors Life Insurance Company
2023 Internal Control Certification (PDF)
2022 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2022 Annual Report (PDF)
2022 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4 MassMutual Ascend (formerly Great American Life Insurance Company) Q1 Q2 Q3 Q4 Manhattan National Life Insurance Company Q1 Q2 Q3 Q4 Annuity Investors Life Insurance Company Q1 Q2 Q3 Q4
2022 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company MassMutual Ascend (formerly Great American Life Insurance Company) Annuity Investors Life Insurance Company
2022 Internal Control Certification (PDF)
Funds Withheld Exhibit (PDF) MassMutual Ascend (formerly Great American Life Insurance Company) Q4
2021 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2021 Annual Reports (PDF)
2021 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4 Great American Life Insurance Company Q2 Q3 Q4 Manhattan National Life Insurance Company Q2 Q3 Q4 Annuity Investors Life Insurance Company Q2 Q3 Q4
2021 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company Great American Life Insurance Company Annuity Investors Life Insurance Company
2021 Internal Control Certification
2020 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2020 Annual and Corporate Responsibility Reports (PDF)
2020 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4
2020 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company
2020 Internal Control Certification
2019 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4 Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4
2019 Annual and Corporate Responsibility Reports (PDF)
2019 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4
2019 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company
2019 Internal Control Certification
2018 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4
2018 Annual and Corporate Responsibility Reports
2018 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4
2018 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company
2018 Internal Control Certification
2017 Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries Q1 Q2 Q3 Q4
2017 Annual and Corporate Responsibility Reports
2017 Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company Q1 Q2 Q3 Q4 C.M. Life Insurance Company Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company Q1 Q2 Q3 Q4
2017 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company C.M. Life Insurance Company MML Bay State Life Insurance Company
2017 Internal Control Certification
Consolidated Statutory Financial Statements (PDF) Massachusetts Mutual Life Insurance Company and Subsidiaries 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4
2016 Annual and Corporate Responsibility Reports (PDF) 2015 Annual and Corporate Responsibility Reports (PDF) Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4 C.M. Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4 Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company 2016 2015 2014 2013 2012 C.M. Life Insurance Company 2016 2015 2014 2013 2012 MML Bay State Life Insurance Company 2016 2015 2014 2013 2012 Internal Control Certification (PDF) 2016 2015 2014 2013 2012
Statutory Quarterly and Annual Statements (PDF) Massachusetts Mutual Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4 C.M. Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4 MML Bay State Life Insurance Company 2016 Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2012 Q1 Q2 Q3 Q4
Separate Account Statements (PDF) Massachusetts Mutual Life Insurance Company 2016 2015 2014 2013 2012 C.M. Life Insurance Company 2016 2015 2014 2013 2012 MML Bay State Life Insurance Company 2016 2015 2014 2013 2012
Internal Control Certification (PDF) 2016 2015 2014 2013 2012
Being able to honor our commitments to our clients is important to us. That’s why we’re proud our investment strategy helps position us to do so both now, and in the future.
Our investment strategy is built on diversification, prudent security selection and value. Because of it, we’ve been able to achieve solid long-term investment returns — even in unpredictable markets and challenging economic times.
1 From FORTUNE. ©2026 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2025) is a registered trademark of FORTUNE Media IP Limited and is used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of, MassMutual.
2 Massachusetts Mutual Life Insurance Company Statutory Annual Statement (Consolidated), Year-End 2025 – Summary of Financial Position – Policyowner Dividends: The liability for policyholders’ dividends includes the estimated amount of annual dividends and settlement dividends.
3 These are consolidated statutory results of 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 subsidiaries, as of December 31, 2025. Source: 2025 Consolidated Statutory Financial Statements.
4 These are consolidated statutory results of Massachusetts Mutual Life Insurance Company and its U.S.-domiciled life insurance subsidiaries: C.M. Life Insurance Company, MML Bay State Life Insurance Company as of December 31, 2025. Source: 2025 Consolidated Statutory Financial Statements.
5 Assets Under Management (AUM) include assets and certain external investment funds managed by MassMutual subsidiaries, including Barings and MassMutual Ascend as of December 31, 2025.
6 These are consolidated results of 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 subsidiaries, as of December 31, 2025.
7 Ratings are as of 9/1/2026 and apply to Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Ratings are subject to change.