The Penn Mutual Life Insurance Company Marks 10th Consecutive Year Maintaining or Growing its Dividend Scale with $70 Million Dollar Payout
HORSHAM, Pa.–(BUSINESS WIRE)–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 committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its advisers with retirement and investment services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. We are proud to work together in a values-driven and relationship-based culture. Visit Penn Mutual at www.pennmutual.com.