As a global diversified financial services organization, MassMutual Financial Group balances its U.S.-based operations with a growing presence overseas. These global businesses provide excellent opportunities to complement MassMutual's long-established operations in the United States.

MassMutual International leads our sales activities worldwide - including the regions of Asia, Europe and Latin America. With nearly 17,000 employees and sales representatives, MassMutual International operates life, health and accident insurance, and annuity operations in Hong Kong, Japan, Taiwan, Chile, Luxembourg, Macao and a representative's office in Shanghai. We also offer international investment products in the United States through our investment management and mutual fund companies.

MassMutual Asia is located in Hong Kong, the financial center of Southeast Asia. With a sales force of over 1,600 and one of the biggest broker networks, the company continues to post strong, profitable growth in both individual and group products, as well as the Mandatory Provident Fund (MPF) pensions. Leveraging its innovative universal life product and sophisticated personal financial analysis, the company posted a strong and persistent double-digit growth in annualized premium income on new life insurance business, and is now one of the few major life insurance companies in Hong Kong enjoying fast growth of business. MassMutual Asia continues to explore opportunities for expansion in the region.

Founded in 1907, MassMutual Life of Japan manages nearly $4 billion (U.S.) in assets, ranking it as the eighth largest life insurer in terms of assets among foreign-owned groups (as of September 2002). The company has more than 1,800 sales representatives in 56 sales offices across Japan. After joining the MassMutual Financial Group in August 2001, MassMutual Life of Japan has continued to develop innovative products and strong customer service in Japan, one of the world's largest life insurance markets.

Since its founding in 1993, MassMutual Mercuries Life has been among the top ten life insurance companies in Taiwan. The company's products are distributed through a nationwide network of over 10,000 career agents. It was ranked the sixth largest Taiwanese life insurer in 2000, based on both first-year and total premium income. After joining the MassMutual Financial Group in March 2001, MassMutual Mercuries Life has continued to enhance diversification of products, marketing channels and its investment portfolio.

MassMutual Europe S.A. offers insurance and retirement savings products through independent brokers to residents of the European Union, as well as to other qualified high net worth individuals. The products are especially designed for cross-border wealth management planning and offer the security and stability of a sophisticated financial center such as Luxembourg.

Since its beginnings in 1990, Vida Corp has been a significant player in the annuities market related to the pension fund system, managing today an asset portfolio of approximately $1 billion (U.S.). Additionally, the company offers individual life insurance products and group insurance coverage for death, health and mortgage. All products are marketed through various distribution channels such as agents, bank assurance and brokers. Vida Corp is a joint venture of the MassMutual Financial Group and the Chilean financial services company Corp Group.