Investor Presentaiton

History Of Value Creation Through M&A ACQUISITIONS JP Morgan RPS Aviva Health Insurance Ireland Limited London Life Canada Life 44 Putnam Irish Life INVESTMENTS EMPOWER RETIREMENT™ GloHealth FINANCIAL HORIZONS Clearly Great Cover GROUP Invesco retirement advantage ACUMEN & TRUST Financial Advice MassMutual's Retirement Services Business personal CAPITAL 1997 2003 2007 2013 2014 2016 2017 2018 2019 2020 DIVESTITURES M&A Priority Areas ■ U.S. Retirement U.S. Individual glc Life Insurance and Annuity Business asset management ◆ IPSI Long-Term ROE of 15% or Higher ■ Investment and Asset Management M&A Objectives Accretive After Integration Sound Risk-Return Profile ■ Broadening Our European Businesses Long-Term Value Creation 16

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