The Penn Mutual Life Insurance Company Announces Record Dividend Payout

Penn Mutual Life Insurance Company

HORSHAM, PA — The Penn Mutual Life Insurance Company announced that the company has maintained its dividend scale for 2023 and the Board of Trustees recently approved a record $163 million payout to eligible policyholders in 2023.

Dividends are a key measure of a mutual company’s performance and Penn Mutual has consistently paid dividends to eligible policyholders for nearly 175 years. This announcement extends the company’s long track record of delivering strong performance and value to policyholders.

“We’re proud that our dividend action over the last 20 years remains one of the strongest and most consistent in the industry,” said Dave O’Malley, President and CEO. “This noteworthy achievement, particularly given today’s economic uncertainty, reflects our long-term perspective, a shared commitment to upholding the company’s financial strength and serving the best interests of our policyholders.”

Visit the Penn Mutual website for more information about the company’s financial strength: https://www.pennmutual.com/about-us/financial-strength/ratings.

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.

READ:  Bridge Construction Planned Next Week on U.S. 422, N. Gulph Road in Tredyffrin, Upper Merion Townships