News and press releases
March 17, 2023
A Statement On MassMutual Ascend's Financial Strength
CINCINNATI – March 17, 2023 While recent bank failures have caused concern around the financial services industry, MassMutual Ascend Life Insurance Company wants to assure you that our exposure to these institutions was minimal and immaterial to our overall financial strength.
As one of the most conservatively managed annuity providers in the marketplace, fixed income investments make up the large majority of our invested assets (significantly higher than the industry average), creating a low risk and stable profile. Our financial strength is also reflected in our third-party ratings of “A+” by both AM Best and Standard & Poor’s. To read more about our financial strength, click here.
At MassMutual Ascend, we take a long-term approach to managing our business with a focus on delivering value to our customers while maintaining the highest level of financial strength.
President and Chief Operating Officer
Head of Marketing, MassMutual Ascend