Record Dividend of $1.49Billion declared for Mass Mutual policyholders

 Press release below and complete release is on the link at the bottom of the page:
SPRINGFIELD, Mass., Nov. 4, 2013 – Massachusetts Mutual Life Insurance Company (MassMutual) announced today that its Board of Directors has approved the company’s largest dividend payout ever in the company’s history for 2014: a record payout estimated at $1.49 billion to eligible participating policyowners. The dividends to be paid in 2014 reflect a dividend interest rate1 of 7.10 percent for eligible participating permanent life and annuity blocks of business, an increase over last year’s rate of 7.00 percent.
“As a mutual life insurance company, MassMutual operates for the benefit of our participating policyowners and members, and we manage our business with their long-term interests in mind,” said Roger Crandall, Chairman, President and CEO, MassMutual. “One of the most tangible measures of our commitment to this philosophy is through our strategy to pay out a dividend each year. Our record estimated dividend in 2014 underscores the ongoing value of the strength and stability MassMutual provides, and is the result of the success and soundness of the company’s financial strength, operating fundamentals and long-term investment strategy.”
2014 MMU Div News Release