MassMutual earns A++ rating from AM Best for financial strength

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa+' (Superior) for Massachusetts Mutual Life Insurance Company (MassMutual) and its subsidiaries, indicating a stable outlook. This assessment reflects MassMutual's robust balance sheet strength, strong operating performance, and effective enterprise risk management (ERM). The company’s risk-adjusted capitalization is rated at the strongest level, ensuring its capability to manage insurance and investment risks effectively. Additionally, MassMutual Ascend Life Insurance Company and Annuity Investors Life Insurance Company received similar ratings, showcasing their very strong balance sheet strength and favorable business profiles. MassMutual Ascend's financial stability is bolstered by strong earnings and a strategic arrangement with Martello Re Limited, despite increased allocations to structured securities and private placements. Manhattan National Life Insurance Company was rated B++ (Good) with a focus on its very strong balance sheet, although its operating performance was deemed marginal. The ratings reflect the company's limited business profile and appropriate ERM practices. AM Best's evaluations highlight the importance of liquidity management and stress testing to meet unexpected financial needs. Overall, the ratings signify MassMutual's commitment to maintaining financial strength and stability, with expectations for continued investment in technology and innovation to enhance its risk management and operational capabilities in the future.