MassMutual Financial Group announced Wednesday that its 2005 financial results included a double-digit percentage increase in assets under management, to a record $396 billion.
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This was a 22% increase for Massachusetts Mutual Life Insurance Co. and its subsidiaries, OppenheimerFunds, Babson Capital Management, and Baring Asset Management. The company also said that its statutory net income more than doubled, to $753 million.
Premium and other deposits were $24.7 billion, up 6%. Worldwide life insurance in force totaled $446.8 billion, up 3%, the company said, and statutory adjusted capital grew 10%, to $8.8 billion.
