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MassMutual Announces $1.39B Record Dividend Policy Owner Payout

Oct 30, 2012 | Reprints | Unlock Link | Print

Massachusetts Mutual Life Insurance Company (MassMutual) has approved payment of an estimated $1.39 billion in dividends to eligible participating policy owners in 2013, the highest payout ever in the firm’s 161-year history, according to a company statement.

The dividends to be paid in 2013 include a dividend interest rate of 7 percent on all eligible policies, a rate that remains unchanged from the prior year.

The approved estimated payout represents an increase of more than 4 percent over the approved estimated payout of $1.33 billion in 2012.

MassMutual is reporting strong surplus levels, which was $12.7 billion as of Sept. 30, and total adjusted capital, $14.4 billion at Sept. 30, both key indicators of the company’s overall financial strength.

Insurance