Penn Mutual

The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets.

Penn Mutual is headquartered in Horsham, Pennsylvania, just outside Philadelphia.

In 2024, Penn Mutual announced that the Penn Mutual Board of Trustees approved a record $265 million dividend award in 2025 to participating policyholders. Dividends are a key measure of a mutual company’s performance, and Penn Mutual's dividend history remains one of the strongest and most consistent in the industry. Concurrently, after 42 years, Penn Mutual sold its investment advisory division, Janney Montgomery Scott, to funds managed by private equity firm KKR & Co. Provided by Wikipedia