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
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- 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.
Provides coverage for life events and financial protection.
Offers income streams for retirement and wealth growth.
Facilitates policy management and claims processing.
People of Penn Mutual
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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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Investors in Penn Mutual
Penn Mutual has secured backing from 1 investor. Prominent investors backing the company include Harleysville Insurance.
| 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 |
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.
| 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 |
Financial Statements - Penn Mutual
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.
| 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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Frequently Asked Questions about Penn Mutual
Penn Mutual was founded in 1847 and raised its 1st funding round 157 years after it was founded.
Penn Mutual is headquartered in Horsham, United States. It is registered at Horsham, Pennsylvania, United States.
Eileen McDonnell is the current CEO of Penn Mutual.
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.
Penn Mutual's top competitors include MassMutual, New York Life Insurance and Assurity.
Penn Mutual offers Life Insurance, Annuities, and Client Services.
Penn Mutual has made 2 acquisitions, including Pennsylvania Trust, and Vantis Life.
Penn Mutual has 1 investor. Key investors include Harleysville Insurance.