The Penn Mutual Life Insurance Company Marks 10th Consecutive Year Maintaining or Growing its Dividend Scale with $70 Million Dollar Payout
HORSHAM, Pa. – November 20, 2017 – The Penn Mutual Life Insurance Company (Penn Mutual) is proud to announce it will maintain its dividend scale for 2018. The company’s Board of Trustees has approved a 2018 dividend award payout of $70 million. Penn Mutual, headquartered in Horsham, PA, attributes the substantial dividend payout increase to the growth and strong performance of its whole life business.
"As an industry leader,” says Eileen McDonnell, Penn Mutual’s Chairman and CEO, “Penn Mutual is committed to providing consistently high performance and value to our policyholders, which is something we have done for 170 years.”
About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been driven by our 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 families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of 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/.