Penn Mutual Pays Out $87M In Dividends
November 22, 2018 by INN Daily
HORSHAM, Pa. – The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce its Board of Trustees has approved a 2019 dividend award payout to eligible policyholders of $87 million—an increase over the 2018 award.
Headquartered in Horsham, PA, Penn Mutual attributes the substantial dividend payout increase to the growth and strong performance of its whole life business. While the company will decrease its dividend scale in 2019, Penn Mutual’s dividend action history over the last 20 years remains the industry’s strongest and most consistent.
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