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.
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