Thread regarding Mutual of America Life layoffs

Mutual of America (2026)

Devastating review by new young S&P analysts. Employers will now begin to review MoA as a going concern from a fiduciary standpoint. Rich has another 12 months to turn things around.

Mutual of America Life Insurance Co.
Ratings Lowered To 'A-' From 'A' On
Weakened Competitiveness
; Outlook Stable

Mutual of America Life Insurance Co.'s competitiveness has been declining in recent
years, evidenced by volatile profitability and business and geographic concentrations
that constrain its ability to achieve performance consistent with similarly rated peers.

S&P Global Ratings therefore lowered the long-term issuer credit and financial strength
ratings on Mutual of America Life Insurance Co. (MoA) to 'A-' from 'A'

The outlook is stable, reflecting MoA's turnaround plan to drive revenue gains and
reduce expenses.

NEW YORK (S&P Global Ratings) April 27, 2026--S&P Global Ratings today lowered its

long-term issuer credit and financial strength ratings on Mutual of America to 'A-' from 'A'.
The outlook is stable. MoA's volatile, below-peer profitability and concentrated product and geographic profiles dent our view of its business risk. MoA has reported operating losses for the past three years,
with a loss of $27.6 million in 2025, compared to $149.6 million in 2024 and $223 million in
2023. The company had positive net income in 2025, of $2 million, for the second time in the
past five years, but in both cases this owed to one-time, unrealized gains from real estate salesand other Non-Interest Maintenance Reserve (IMR)realized gains from the investment portfolio.

We had anticipated that MoA’s cost-cutting initiatives would generate consistent profitability and returns commensurate with ‘A’-rated peers. While the new management team has taken significant actions, the company has yet to demonstrate sustained profitability Although MoA is pursuing numerous strategic initiatives to restore profitability, we anticipate it will take time


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| 24 views | | 15 replies (last May 13) | Reply
Post ID: @OP+1kqch2zeh

15 replies (most recent on top)

@20x yes the $2M profit was an error it was really -$12M

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Post ID: @27c+1kqch2zeh

@213

Yes.

Operating loss: $27.6 million (significantly improved from $149.6 million in 2024 and $223 million in 2023).

spglobal.com

Net income: $2 million (positive but driven largely by one-time items like unrealized/realized investment gains, similar to prior years).

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Post ID: @214+1kqch2zeh

@20x

Yes.

Operating loss: $27.6 million (significantly improved from $149.6 million in 2024 and $223 million in 2023).

spglobal.com

Net income: $2 million (positive but driven largely by one-time items like unrealized/realized investment gains, similar to prior years).

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Post ID: @213+1kqch2zeh

@a7 is the real estate selling of 2 prime properties contribute to the profitability?

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Post ID: @20x+1kqch2zeh

@ca only if the walls could talk

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Post ID: @h8+1kqch2zeh

As expected, the bullying begins. Gaslighting. Bullying. Call it whatever you like, but just as expected. Speaks volumes.

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Post ID: @ew+1kqch2zeh

@en "The Q doesn't disguise the B-S"! Now that's funny. 🤣

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Post ID: @ep+1kqch2zeh

@be Do you know any word other than "gaslighting"? It is getting very boring. Any time someone disagrees with your doom and gloom you claim gaslighting by management. Why should anyone believe someone like you who stays with a company you hate so much and are hoping to see fail. You certainly can't be so obtuse to believe that making negative comments here is helpful to the company so you must want to see it fail, yet you stay at your job. Are you unskilled or too timid in the real world to go get another job? It's almost as if you have some interest in seeing the company fail that you aren't disclosing. Most of the time when people accuse someone of gaslighting, they are projecting. Anyway, it seems to me that the company is doing a lot better than it was a few years ago.

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Post ID: @en+1kqch2zeh

@OP call a spade a spade. if you put lipstick on a pig it's still a pig. it is what it is. it aint over until the f-at lady sings and she has sung. stu-pid is as Stu-pid does. the apprentice your fired ! Dude looks like a lady.

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Post ID: @cw+1kqch2zeh

this is from the BBB of NYC. You know, Mamdami's BBB..

12/10/25

Mutual of America Financial Group has been the single most frustrating financial company Ive ever dealt with. Their systems are outdated, their processes are unnecessarily complicated, and their customer service is absolutely not up to modern standardsyet they claim to manage billions of dollars.I was forced to jump through endless hoops just to roll over my account. They required notarized forms, constant back-and-forth, and then refused to accept my documents simply because they were emailed from a different address than the one created years ago by a former employer. They wont allow me to update my email, even though I no longer work at that location. How is a financial company in 2025 incapable of handling a simple email update?Their technology is embarrassingly behind, their procedures make no sense, and theyve dragged out a simple rollover so long that it feels intentional. After this experience, I will never use Mutual of America for anything again. If this is how they treat customers, I genuinely dont understand how theyre trusted with anyones retirement funds.Absolutely terrible experience from start to finish.

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Post ID: @cg+1kqch2zeh

@a7 there is NOTHING stable about Mutual of America and we all know it. God forbid that these analysts don't have access to the actual conversations & brutal meetings we have on the inside of the walls. If the analysts could see that, we'd be BB rated. We are lucky. It could be worse.

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Post ID: @ca+1kqch2zeh

@a7 you are full of SssssssssssHhhhhhhhhiiiiiiittttttttttt !

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Post ID: @bm+1kqch2zeh

@be There are good people on BOTH sides and none of them have any credibility. All are SPIN masters and LIARS.

250 people fired
Pensions & Retiree Health Gutted
Board & C-Suite MASS-ively overpaid.

A downgrade is not negative ? wow You are MYOPIC.

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Post ID: @bk+1kqch2zeh

@a7 and management loses all credibility with their gaslighting tactics.

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Post ID: @be+1kqch2zeh

You lose all credibility always trying to spin things negative. While a lower rating (still investment grade by the way), is never welcome, overall it looks like a good story in terms of where the company is heading. Went from $223M losses in 2023 to $149M in 2024 (Stephen Rich took over in July of that year), and now the losses are down to $27 million in 2025. How is that not impressive? Plus S&P said, "The outlook is stable, reflecting [MOA's] turnaround plan to drive revenue gains and reduce expenses.” And said that MOA's "capital levels exceeded [S&P’s] 99.99% confidence level at year-end 2025," and that S&P expects MOA "will maintain capital adequacy commensurate with the 99.99% confidence level.”

One thing we know for sure, the Severed Greed would never had achieved these results.

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Post ID: @a7+1kqch2zeh

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