Company Ranked #1 for Innovation in Life and Health Insurance Industry Category
SPRINGFIELD, Mass.–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company (MassMutual) has been named a World’s Most Admired Company by FORTUNE® Magazine, placing #2 in the life and health insurance industry category and leading among mutual company peers.
Notably, MassMutual ranked No. 1 for innovation in its industry category, the fifth time in the past six years the company has received this honor. The company has been named to the FORTUNE World’s Most Admired Company list 20 times since the year 2000.
“We are delighted to be named a World’s Most Admired Company again this year and to be recognized as the most innovative company in our industry,” said Roger Crandall, Chairman, President and CEO. “Accolades like this demonstrate the talent and dedication of our employees and network of financial professionals who work hard each day to reach people on their terms and deliver holistic financial solutions that bring stability and security in an uncertain and rapidly changing world. While we are honored by this recognition, we’re especially proud of what it reflects: the progress we’re making toward helping millions more Americans secure their future and protect the ones they love.”
The 2023 FORTUNE World’s Most Admired Company survey was conducted in the fall of 2022 among executives, directors and analysts in 52 industries. The annual poll assessed nine reputation drivers considered to be crucial to a company’s global success: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services and global competitiveness.
The full list of 2023 FORTUNE World’s Most Admired Companies and survey methodology can be found on fortune.com.
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually 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.