The Penn Mutual Life Insurance Company Maintains Dividend Scale and Awards $100 Million Payout in 2020
HORSHAM, Pa.--(BUSINESS WIRE)--Nov 25, 2019--
The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce that the company has maintained its dividend scale for 2020, and has been approved for a $100 million payout to eligible policyholders in 2020.
Dividends are a key measure of a mutual company’s performance and Penn Mutual has paid dividends to eligible policyholders every year since 1847. This announcement extends the company’s long track record of delivering strong performance and value to policyholders.
“It is a remarkable achievement to be able to maintain our dividend scale in a low interest rate environment,” says Eileen McDonnell, chairman and CEO of Penn Mutual. “Our dividend action over the last 20 years remains one of the strongest and most consistent in the insurance industry, and is foundational in our commitment to serving the best interests of our policyholders and advisers well into the future.”
Visit the Penn Mutual website for more information about the company’s financial strength: https://www.pennmutual.com/about-us/financial-strength/ratings
About The Penn Mutual Life Insurance Company
Penn Mutual is 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 its wholly owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA / SIPC. Visit Penn Mutual at www.pennmutual.com.
Dividends are determined annually, subject to change and are not guaranteed. Past performance is no guarantee of future results.
©2019 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
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CONTACT: Darby Rowe
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: The Penn Mutual Life Insurance Company
Copyright Business Wire 2019.
PUB: 11/25/2019 09:00 AM/DISC: 11/25/2019 09:01 AM