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MASSMUTUAL ANNOUNCES $521 MILLION DIVIDEND PAYOUT

 SPRINGFIELD, Mass., Jan. 13 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company Board of Directors has approved a 1994 policyowner dividend payout of $521 million, $30 million (six percent) more than in 1993, the company announced today.
 As a mutual life insurer, MassMutual has no stockholders, but shares its financial gains with its 1.6 million policyowners in the form of dividends.
 MassMutual's investment, claims and expense experience continues to be favorable relative to the life insurance industry overall. For the 16th consecutive year, MassMutual has ranked among the top 10 in A.M. Best Company's annual survey of 20-year dividend histories. MassMutual is one of only three insurers to rank in Best's 20-year dividend histories top 10 for 16 consecutive years.
 "MassMutual policyowners should be gratified that, in this difficult economic environment, their company continues to pay highly competitive dividends while maintaining impeccable financial strength," said MassMutual President and Chief Executive Officer Thomas B. Wheeler.
 Wheeler added that although 1993 year-end financial results will not be announced until February, MassMutual also significantly enhanced its capital position in the past year.
 MassMutual's financial ratings are among the highest awarded by the insurance industry's leading independent rating services: A.M. Best Co., A (double plus); Duff & Phelps, AAA; Moody's Investors Service Inc., Aa1; Standard & Poor's Corp. AA(plus).
 With over $53 billion in assets under management, MassMutual is a leading provider of individual life insurance, employee life, health and pension benefits, and investment services. Established in 1851, MassMutual is among the 100 largest businesses in the United States.
 -0- 1/13/94
 /CONTACT: Joseph Mondy, director of media relations of MassMutual, 413-744-2365/


CO: Massachusetts Mutual Life Insurance Company ST: Massachusetts, Connecticut IN: INS SU: DIV RTG

JL-DJ -- NE005 -- 1719 01/13/94 09:37 EST
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Publication:PR Newswire
Date:Jan 13, 1994
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