Penn Mutual's ratings—based on evaluations of our financial condition and operating performance— are a clear sign of our continuing strength and stability.

Aa3 Moody's Investors Service
Moody’s Investors Service Affirms Penn Mutual’s Aa3 (Excellent) Rating

Moody's Aa3 (Excellent) rating is a result of Penn Mutual's:

• Exceptional capitalization
• Favorable operating performance
• Carefully managed risk profile and stable management and operating philosophy
• Consistent focus on the upscale individual life insurance markets.

Moody’s uses a letter grade scale that ranges from Aaa, the highest rating, to C, the lowest rating. It also applies modifiers (1, 2 or 3) for ratings below Aaa to indicate the approximate rank of the company in a particular class. These rating gradations provide investors with a system for measuring an insurance company’s ability to meet its  policyholder claims and obligations.

Penn Mutual’s Aa3 Excellent rating, which was reaffirmed in June 2007, ranks the fourth highest out of 21 ratings.

The ratings quoted above apply only to Penn Mutual's claims-paying ability and not to the products we offer or their underlying investments.