Penn Mutual
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Overview
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
Simplify's Take
What believers are saying
- Stephen Kennedy's Thrivent COO expertise boosts operational excellence since May 2024.
- Vanguard-managed Accumulation VUL attracts affluent clients since January 2024.
- Record-breaking 2026 dividend award reinforces policyholder commitment and strength.
What critics are saying
- Policyholders' lawsuit alleges misleading sales, eroding trust immediately.
- New CFO Rick Klenk triggers cost cuts, causing advisor defections by 2026.
- 1847Financial hires fail against Northwestern Mutual, driving 60-80% churn in 18 months.
What makes Penn Mutual unique
- Refreshed ACE platform achieves 90% adoption with hours-fast policy issuance.
- Accumulation Whole Life offers unmatched growth and flexibility since September 2024.
- 1847Financial expands nationally with managing principals in Utah, Arizona, Kansas City.
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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 26 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 26 Jobs on Simplify!
Find jobs on Simplify and start your career today