Penn Mutual’s Story of Growth Counters the Industry
Penn Mutual Experiences 23 Consecutive Quarters of Whole Life Sales Growth
HORSHAM, Pa. – March 29, 2016 – During a time when the life insurance industry is experiencing little to no growth, The Penn Mutual Life Insurance Company (Penn Mutual) is not only growing, but also demonstrating remarkable strength within the space.
The 169-year-old firm opened three new offices in the first quarter of 2016. Identifying areas of opportunity in Kansas City, MO, Birmingham, AL, and Nashville, TN, Penn Mutual is committed to growing its Career Agency System and is pleased to add these new career agencies to their national footprint.
Additionally, Penn Mutual has achieved 23 consecutive quarters of year-over-year whole life insurance sales growth, while the industry achieved only eight quarters of such growth. In 2016, the company also celebrated the eighth consecutive year its dividend scale has been increased or maintained.
“As a mutual company, we put our policyholders first, which has undoubtedly helped us achieve the success we’ve enjoyed over our long tenure in the industry,” explains Thomas Harris, executive vice president of distribution at Penn Mutual. “We have positioned ourselves well to continue growing and taking advantage of opportunities in the marketplace. We know life insurance, and because of that, our life insurance business is very strong. We look forward to continuing to outperform the industry and serve our clients at the highest of levels,” Harris says.
About The Penn Mutual Life Insurance Company
Since its founding in 1847, Penn Mutual has been driven by its noble purpose to create a world of possibilities. At the heart of this purpose is the belief that purchasing life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping individuals, families and small businesses unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of more than 5,000 financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com.
Gregory FCA for Penn Mutual