December 03, 2016 7:27 AM ET

Insurance

Company Overview of The Penn Mutual Life Insurance Company

Company Overview

The Penn Mutual Life Insurance Company offers various life insurance and annuity products. The company provides term life, whole life, universal life, variable universal life, and joint or survivorship life insurance products; fixed, variable, and immediate annuities; and business consulting services. It also offers a range of investment products and services, which include mutual funds, stocks, bonds, government securities, and unit investment trusts; and asset management and other investment services. In addition, the company provides investment banking services to institutional and corporate clients. It offers its products and services to individuals, families, small businesses, and finan...

600 Dresher Road

Horsham, PA 19044

United States

Founded in 1847

Phone:

215-956-8000

Key Executives for The Penn Mutual Life Insurance Company

Chairman and Chief Executive Officer
Age: 54
President, Chief Operating Officer, Trustee Chairman of Penn Mutual Asset Management, Inc., and Chief Executive Officer of Penn Mutual Asset Management, Inc
Age: 41
Chief Financial Officer, Senior Vice President, Treasurer and Member of Executive Team
Chief Executive Officer of Pennsylvania Trust Company, President of Pennsylvania Trust Company and Chairman of Pennsylvania Trust Company
Chief Executive Officer of Janney Montgomery Scott LLC and President of Janney Montgomery Scott LLC
Age: 58
Compensation as of Fiscal Year 2016.

The Penn Mutual Life Insurance Company Key Developments

The Penn Mutual Life Insurance Company Announces Opening of New Office in Kansas City, Missouri; Appoints Scott Stone to Oversee its New Office in Kansas City

The Penn Mutual Life Insurance Company announced the opening of its new office in Kansas City, Missouri. The new office will be overseen by Scott Stone, who has 25 years of experience in the industry. Under the guidance of Stone, Penn Mutual's Missouri agency will be responsible for providing financial planning and insurance services to prospects and clients within the Kansas City area. Bill Stevens, vice president, career agency distribution at Penn Mutual, offers that efforts to grow in the Midwest will be an opportunity not only for the company, but for Stone to showcase Penn Mutual's values and dedication to clients.

The Penn Mutual Life Insurance Company Announces Promotion of David O’Malley to President and Chief Operating Officer, Effective January 1, 2016

The Penn Mutual Life Insurance Company announced the promotion of David O’Malley to president and chief operating officer, effective January 1, 2016. O’Malley’s work ethic and performance fast-tracked him to a full-time role at Penn Mutual, where over the next few years, he was responsible for overseeing fixed income portfolios and managing various sectors of the bond portfolio. His first major appointment came in 2006, when he was named chief risk officer. In 2013, he took on the responsibility of chief operating officer.

The Penn Mutual Life Insurance Company to Make Dividend Payout for 2016

The Penn Mutual Life Insurance Company announced that the Penn Mutual Board of Trustees have approved a 2016 dividend payout of USD 48 million. Representing a 17% increase for 2016, the distribution is said to be a 61% increase over five years ago, with the company having increased or maintained its dividend scale for the past five years.

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