Our History
We've literally been doing this for more than 175 years.
For our entire history, we’ve worked at setting ourselves apart from the industry by creating custom, individual life insurance policies for our clients. Never using a generic, one-size-fits-all approach to building someone’s future.
It’s this approach that’s kept us in business since our founding in 1847 in Philadelphia. And helping generations of families feel the serenity and confidence of a secure financial future will keep us going for another 175 years — and for many years long after that.
1800s
1847
Penn Mutual was founded, chartered and open for business.
1848
On October 20, we paid our first death claim of $4,963.33.
1849
In the form of a scrip certificate, we declared our first dividend.
1888
Our first annuities were issued.
1900s
1909
Our total assets passed $100 million.
1920
Our life insurance in force reached $1 billion.
1932
We issued our first retirement policy.
1968
Over one million of our policies and master group contracts were in force.
1982
We introduced universal life insurance, becoming the first major east coast mutual company to do so.
1997
On our 150th anniversary, we established a trust at The American College to celebrate our past and contribute to a brighter future.
2000s
2003
We were voted the 8th best place to work in our home state, Pennsylvania.
2007
We introduced our online Client Service Center.
2008
A.M. Best recognized us for receiving a financial strength rating of "A" or higher for at least 75 years.
2017
We celebrated 170 years of service to policyholders.
2018
We launched our Accelerated Client Experience (ACE), a secure, end-to-end digital platform that accelerates the application process for financial professionals and their clients.
Take the next step
Join a thriving team of financial professionals, associates and partners who are committed to helping people get stronger. And here's the thing: Professionally, you'll get stronger too.