HORSHAM, Pa. – The Penn Mutual Life Insurance coverage Firm (Penn Mutual) is happy to announce its Board of Trustees has accepted a 2019 dividend award payout to eligible policyholders of $87 million—a rise over the 2018 award.
Headquartered in Horsham, PA, Penn Mutual attributes the substantial dividend payout improve to the expansion and robust efficiency of its complete life enterprise. Whereas the corporate will lower its dividend scale in 2019, Penn Mutual’s dividend motion historical past over the past 20 years stays the business’s strongest and most constant.
Chairman and CEO Eileen McDonnell commented, “Penn Mutual has demonstrated enduring monetary energy and a dedication to delivering on its guarantees to policyholders for 171 years. We’re proud to have the ability to say that Penn Mutual has by no means did not pay dividends to eligible policyholders—even by way of our nation’s most difficult financial instances.”