About Penn Mutual
Penn Mutual is a company based in Horsham (United States) founded in 1847 was acquired by Harleysville Insurance in November 2002.. Penn Mutual has completed 2 acquisitions, including Pennsylvania Trust and Vantis Life. Penn Mutual offers products and services including Life Insurance, Annuities, and Client Services. Penn Mutual operates in a competitive market with competitors including MassMutual, New York Life Insurance, Assurity, Mutual of America and Catholic Financial Life, among others.
- Headquarter Horsham, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Penn Mutual Life Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$200 M (USD), Debt – Conventional
Jun 24, 2010
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Pennsylvania Trust
& 1 more
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Acquired by
Harleysville Insurance
(Nov 26, 2002)
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Products & Services of Penn Mutual
Penn Mutual offers a comprehensive portfolio of products and services, including Life Insurance, Annuities, and Client Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for life events and financial protection.
Offers income streams for retirement and wealth growth.
Facilitates policy management and claims processing.
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Leadership Team
19 people
Software Development Team
17 people
Sales and Marketing
16 people
Legal and Compliance
11 people
Trustee Team
8 people
Human Resources and Administration
6 people
Product Management Team
5 people
Finance and Accounting
5 people
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Funding Insights of Penn Mutual
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(14 Jul 2004)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2010 | Amount | Debt – Conventional - Penn Mutual | Valuation |
investors |
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| Jul, 2004 | Amount | Debt – Conventional - Penn Mutual | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Penn Mutual
Penn Mutual has secured backing from 1 investor. Prominent investors backing the company include Harleysville Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Mutual insurance services for personal and business clients are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penn Mutual
Penn Mutual has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Pennsylvania Trust and Vantis Life. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wealth management services are provided by Pennsylvania Trust firm.
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1986 | ||||
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Life insurance policies are provided to customers by Vantis Life.
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1941 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Penn Mutual
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penn Mutual Comparisons
Competitors of Penn Mutual
Penn Mutual operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MassMutual, New York Life Insurance, Assurity, Mutual of America and Catholic Financial Life, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mutual life insurance company
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| domain | founded_year | HQ Location |
Mutual life insurance and asset management services are provided.
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| domain | founded_year | HQ Location |
Life insurance is offered by Assurity as a mutual company.
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| domain | founded_year | HQ Location |
Operates as a mutual life insurance company offering reliable financial protection.
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| domain | founded_year | HQ Location |
Serves as a mutual life insurance carrier offering financial protection solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penn Mutual
Frequently Asked Questions about Penn Mutual
When was Penn Mutual founded?
Penn Mutual was founded in 1847 and raised its 1st funding round 157 years after it was founded.
Where is Penn Mutual located?
Penn Mutual is headquartered in Horsham, United States. It is registered at Horsham, Pennsylvania, United States.
Who is the current CEO of Penn Mutual?
Eileen McDonnell is the current CEO of Penn Mutual.
What does Penn Mutual do?
Penn Mutual was established in 1847 as a mutual life insurance company headquartered in Horsham, United States. Policies and financial services focused on life insurance are offered to policyholders, who hold ownership stakes. Operations emphasize long-term protection and investment options within the insurance sector. Leadership is provided by Eileen McDonnell as Chairman and CEO, with activities centered on the U.S. market.
Who are the top competitors of Penn Mutual?
Penn Mutual's top competitors include MassMutual, New York Life Insurance and Assurity.
What products or services does Penn Mutual offer?
Penn Mutual offers Life Insurance, Annuities, and Client Services.
How many acquisitions has Penn Mutual made?
Penn Mutual has made 2 acquisitions, including Pennsylvania Trust, and Vantis Life.
Who are Penn Mutual's investors?
Penn Mutual has 1 investor. Key investors include Harleysville Insurance.
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