Making a Meaningful Difference

A letter from the  Penn Mutual Board of Trustees

“Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all directly.”

- Dr. Martin Luther King, Jr.

The Penn Mutual Board, on behalf of the company, re-affirms our commitment to increasing diversity, reducing bias and contributing to racial equity in our workplace and in our communities.

Today, we join the chorus of voices throughout the world, declaring that we promise to do better. To listen. To reflect. To do more. To make a meaningful difference within the Black and African American communities. To take actions that lead to positive, sustainable results. To be accountable for the change we want to see in the world.

And while we don’t yet have all the answers, we realize how important it is to make our beliefs and intentions clear.

We recognize that the roots of the problem are deep. We also recognize the urgency to act and inspire hope. It is clear that things need to change.

Our long-standing commitment to diversity and inclusion is woven into our business practices, our community investments, and our organization’s culture of respect and belonging. Doing the right thing is in our DNA. 

It’s going to take all of us, working together—strengthened by mutual understanding and shared commitment—to “affect all directly.” As a mutual company, we operate on founding principles that prioritize common interests, for the benefit of all. The words of Dr. King ring true to us, now and always.

- The Penn Mutual Life Insurance Company Board of Trustees

Back Left to Right: Helen Pudlin, William Goings, Eileen McDonnell, James Hunt, Robert Rock, Gerard Cuddy, Susan Waring; Front Left to Right: David O'Malley, Carol Johnson, Charisse Lillie
  • Gerard P. Cuddy 
    Former President & Chief Executive Officer
    Beneficial Bank
  • William C. Goings
    Former Executive Vice President, TD Bank Financial Group &
    Former President, TD Insurance
  • James S. Hunt
    Retired Executive Vice President & Chief Financial Officer
    Walt Disney Parks and Resorts Worldwide
  • Carol J. Johnson
    Former President & Chief Operating Officer
    AlliedBarton Security Services
  • Charisse R. Lillie
    Retired Vice President, Community Investment, Comcast Corporation &
    Retired President, Comcast Foundation
  • Eileen C. McDonnell
    Chairman of the Board of Trustees
    The Penn Mutual Life Insurance Company
  • David M. O'Malley
    President & Chief Executive Officer
    The Penn Mutual Life Insurance Company
  • Helen P. Pudlin
    Retired Executive Vice President & General Counsel
    The PNC Financial Services Group, Inc.
  • Robert H. Rock
    MLR Holdings, LLC
  • Susan D. Waring
    Retired Executive Vice President & Chief Administrative Officer
    State Farm Life Insurance Company