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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.

© 2017 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005081/en/

Gregory FCA for Penn Mutual
Karyn Piechule, 610-228-2107
Karyn@gregoryfca.com
or
Penn Mutual
Ann Callaghan, 215-957-7496
callaghan.ann@pennmutual.com

Source: The Penn Mutual Life Insurance Company