Thread regarding Mutual of America Life layoffs

OP: You forgot to include a bunch of relevant bad information from Fitch in your write up:

KEY RATING DRIVERS

Pressured Profitability: Mutual of America's 'BBB+' IFS rating is one notch below the implied IFS rating of 'A-' due to its financial performance and earnings, which is as weak as everThe company reported net income of $2 million for 2025, compared with a net income of $53 million in 2024 and a net loss of $236 million in 2023. Positively, operating results improved yoy with a modest net loss of $15 million in 2025 compared with an operating loss of $155 million in the prior year, excluding the company's sale of the remaining stake in its home office building in New York City. In 1Q26, the company produced a net operating gain of $3 million. Fitch expects a slight loss for the full year 2026 followed by modest profitability in 2027. Profitability will be driven largely by continued reductions in expenses including vendor efficiency, contract rationalization, reduced real estate footprint and workforce optimization.

Less Favorable Business Profile: Mutual of America's business profile is less favorabledriven by its less favorable competitive positioning and diversification, which are partially offset by a favorable risk profile. Mutual of America has a narrower focus than the broader industry, but remains a weak leader within the niche, nonprofit small-case retirement savings market. The company differentiates through a unique approach to controlled distribution and its customer-centric operating model. However, Fitch notes that its concentration can expose the company to regulatory and market-related risks, affecting new business.

While Mutual of America's risk appetite is lower than the sector's, legacy liabilities have created challenges, including annuities with high guarantees and individual protection-based products. The legacy exposure leaves the company susceptible to interest-rate risks and equity market risks on the company's fees. Additionally, the underperforming block of business heightens the need to accelerate growth into newer products, which is part of the rationale for the strategic transformation plan. The company continues to experience net outflows in its general account and is executing on a strategic plan to transform its back-office, policyholder experience and retain assets, although execution risk persists.

@md are you saying the firm is committing fraud ?!?!?

@OP In Mutual of America's 2025 Annual Report it lists a surplus of $651,000,000. However, the filing with the NAIC lists a Statutory Surplus of $548,000,000. Why would there be over a $100,000,000 difference in two public facing documents ? Which is the controlling number ?

Fitch did MOA a courtesy to do their release once we were able to announce the deal with Accenture. They were going to release two months ago as they historically did. Fitch also said that the company will run a loss this year. Probably due to the continue slow bleed of plans & the $10-$20M in upfront costs we have to pay Accenture. I am hearing from my sources that if we didn't make this deal, Fitch would have kept us at BBB+ w/ Negative Outlook or reduced to BBB. Keep in mind Fitch has been the most aggressive and negative about the firm for a few years as the can see through the spin, lies, and BS.

it's the slow bleed of plans leaving that is kil-ling us. net outflows over $1B a year. No revenue enhancers like managed accounts or CIT's. Plan pricing by the COO keeps getting slashed every chance he gets. Weak sales. This on top of 450 jobs lost now, $100M cuts each to retiree health, pensions, cuts to 401k, higher healthcare costs, 1% raises. The Stable Rating by Fitch comes after a double downgrade last year. AM Best still has is at Negative and the Comdex score is an abyssmal 57 ranking us 185th for insurance companies. There is truly a lot to write home to mommie about

@a1 I second that. BBB+ is a great credit rating buoyed by $450M in real estate sales in the past 1.5 years. That is almost as good as those AA ratings with with $750M in real estate assets not sold 10 plus years ago. Now, if we can get Capital Management out of the Morningstar basement and sales that are actually profitable, like Starship sang: "Nothing is going to stop us now. Build this dream together."

@OP Hmm, guess the company isn't falling apart as the liars on these boards would have you believe. Keep heading in the right direction, Stephen and team. Most of us at Mutual support you and what you are trying to do for Mutual.