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Penn Mutual
Work Here?
Life insurance, annuities, wealth management services
Penn Mutual
Work Here?
Life insurance, annuities, wealth management services
Overview
Penn Mutual provides life insurance, annuities, wealth management, and institutional asset management through a network of financial professionals. Its products work by offering life insurance to provide financial protection for beneficiaries, annuities to create steady retirement income, and investment services to manage and grow wealth for individuals, families, and institutions. The company differentiates itself with a long history (over 175 years), a broad suite of protection-oriented solutions, and a model that emphasizes partnering with financial professionals to tailor plans for clients. Penn Mutual’s goal is to help people and businesses build stronger financial futures through sound, personalized protection and wealth strategies.
About Penn Mutual
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Philadelphia, Pennsylvania
Founded
1847
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Simplify's Take
What believers are saying
- Cross-selling across life insurance, annuities, wealth, and institutional asset management.
- Nationwide licensing supports scalable national distribution and regional targeting.
- Advisor-channel focus supports recurring relationships and product penetration.
What critics are saying
- Spread earnings weaken if interest rates compress investment yields.
- Broker-dealer consolidation can disrupt financial-professional distribution quickly.
- A severe credit drawdown can strain capital and ratings simultaneously.
What makes Penn Mutual unique
- Mutual ownership since 1847 emphasizes long-term policyholder alignment.
- Penn Mutual Asset Management adds institutional fixed-income fee growth.
- 1847Financial expands advisor recruiting and distribution leadership.
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Benefits
Flexible Work Hours
Hybrid Work Options
Company News
PHILADELPHIA, Sept. 15, 2025 /PRNewswire/ - The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce the launch of its refreshed Accelerated Client Experience (ACE), an industry-leading, digital life insurance buying platform, designed to deliver greater speed, efficiency, and a more seamless experience for financial professionals and their clients.
Fortune Media and Great Place To Work name Penn Mutual to 2025 Best Workplaces in Financial Services & Insurance List.
Meanwhile, Penn Mutual Life Insurance Company has named Rick Klenk as its next chief financial officer (CFO), effective March 17, 2025.
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Mann to spearhead growth initiatives across Utah and Arizona for our national organization for affiliated Financial ProfessionalsPHILADELPHIA, Feb. 11, 2025 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce that Brandon Mann has joined the company as a Managing Principal within our national affiliated distribution organization, 1847Financial. Mann will spearhead 1847Financial growth initiatives across Utah and Arizona
Penn Mutual is Hiring for 6 Jobs on Simplify!
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About Penn Mutual
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Philadelphia, Pennsylvania
Founded
1847
Penn Mutual is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today