PHILADELPHIA, PA — The Penn Mutual Life Insurance Company announced that its Board of Trustees has approved a record $300 million dividend award for 2026, emphasizing the company’s enduring financial strength and its commitment to policyholder value.
The 2026 dividend marks the largest in Penn Mutual’s 177-year history and reflects steady growth from a $30 million dividend in 2011. As a mutual company, Penn Mutual is owned by its policyholders, and dividends represent a key measure of its performance and profitability.
“This dividend award is a reflection of our dedication to policyholders and the financial strength that supports them,” said Dave O’Malley, Chairman, President, and Chief Executive Officer. “Our mutual model allows us to prioritize long-term value, and we remain focused on fulfilling our commitments as we have for more than 175 years.”
Founded in 1847, Penn Mutual has maintained one of the industry’s most consistent dividend records. Policyholders will receive their 2026 dividends on their policy anniversary dates according to their selected payment options.
Dividends are reviewed and declared annually by the company’s board and, while historically strong, are not guaranteed.
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