MassMutual Announces Record $3.3 Billion Policyowner Dividend for 2027

SPRINGFIELD, Mass.--(BUSINESS WIRE)--In its milestone 175th anniversary year, MassMutual today announced another historic achievement core to its identity as a leading mutual company. For 2027, the company will pay a record estimated dividend of $3.3 billion, surpassing $3 billion for the first time in company history.

Highlights

• Record dividend: MassMutual expects to pay a record $3.3 billion dividend to eligible participating policyowners in 2027.

• Industry-leading performance: The company's dividend interest rate will increase to 6.85%¹, marking an expected 21st consecutive year of industry leadership.

• 159 consecutive years: 2027 will mark the 159th consecutive year MassMutual has paid an annual dividend to eligible participating policyowners. The 2027 dividend payout will bring MassMutual's lifetime total dividends paid to policyowners to more than $55 billion.

“Behind every policy is a dream, a goal, or a future someone is working hard to build. For 175 years, our policyowners have counted on MassMutual to be there to help them navigate important moments in life in an increasingly complex world,” said Roger Crandall, Chairman, President and CEO at MassMutual. "Our record dividend payout is more than a milestone. It reflects the trust our policyowners place in us and our role helping people build security, wealth, and confidence.”

MassMutual’s ability to consistently deliver long-term value reflects the breadth and depth of its entire business. Through the company’s disciplined approach to managing its insurance business, high quality, diversified investment portfolio that yields attractive returns, and powerful collection of strategic businesses and investments that broadens its sources of earnings, MassMutual has generated the strong, consistent financial performance to support its highly competitive dividend for its policyowners.

MassMutual's record dividend underscores the company's continued momentum. Since 2007, the year that MassMutual began paying an industry-leading dividend interest rate, the company has significantly expanded its whole life insurance market position, more than tripled total adjusted capital to over $37 billion,² and paid more than $100 billion in insurance and annuity benefits³. Today, MassMutual protects more than $1 trillion of life insurance in force³ and maintains financial strength ratings⁴ among the highest in the industry.

“At MassMutual, our dividend has long been a reflection of delivering on our purpose of helping people secure their future and protect the ones they love,” concluded Crandall. “We are proud of the role we have played in the lives of policyowners, customers, and communities we serve. Guided by our values, strengthened by our performance, and powered by our dedicated network of financial professionals, we will continue to be there when they need us most, delivering financial strength, security, and even greater impact in the years ahead.”

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. For 175 years, the company has been 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 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, 2026. 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 As of June 30, 2026. 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.

⁴ 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, 2026, and are subject to change.

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