Penn Mutual Eileen McDonnell

How A 172-Year-Old Company Is Innovating Life Insurance: Interview With CEO Eileen McDonnell

When it comes to the life insurance industry, the word innovation may not come to mind. The Penn Mutual Life Insurance Company, which has been in business since 1847, is demonstrating that no matter your age, it’s never too late to think outside the box and innovate your way to the top. At Penn Mutual innovation drives their strategic objectives and leading that charge are two women, Eileen McDonnell, Penn Mutual’s chairman and CEO and Sue Deakins, the company’s CFO, who are one of only seven female CEO/CFO duos in the Fortune 1,000. Penn Mutual is differentiating themselves through diversity, technology and a unique sports sponsorship, which has given them access to a robust audience of millennials as a source of talent and new clients.

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