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Bill Bell named Chief Product Officer of Penn Mutual. Sep 23, 2026, 09:00 ET Appointment elevates product strategy within Penn Mutual's enterprise leadership PHILADELPHIA, Sept. 23, 2026 /PRNewswire/ - The Penn Mutual Life Insurance Company (Penn Mutual) announces the promotion of Bill Bell to Chief Product Officer and a member of the company's Enterprise Leadership Team. In this role, Bell leads Penn Mutual's integrated product organization, including product development and advanced sales. He is responsible for advancing product strategy, strengthening alignment of product and sales strategies, and helping deliver competitive life insurance solutions that meet the evolving needs of the individuals, families, and businesses we serve. "Bill brings significant market expertise, proven leadership experience, and a track record of success," said Dave O'Malley, Chairman, President and Chief Executive Officer of Penn Mutual. "Elevating product strategy within our enterprise leadership structure reflects our unwavering commitment to those who rely on our solutions for financial protection. Under Bill's leadership, we will continue to strengthen the connection between product innovation and market strategy, enhancing our ability to deliver differentiated life insurance solutions to clients through the financial professionals who partner with us." Bell brings more than 20 years of experience in the life insurance and financial services industries. Prior to his appointment as Chief Product Officer, he served as Vice President of Advanced Sales at Penn Mutual. Throughout his career, Bell has focused on translating complex concepts into clear, actionable strategies and innovative solutions. "I'm humbled by the opportunity to lead Penn Mutual's integrated product organization and join the Enterprise Leadership Team," said Bell. "Penn Mutual offers a robust portfolio of life insurance solutions designed to help individuals, families, and businesses protect what matters most. Our focus remains on building upon the strength of our solutions to deliver meaningful financial protection." Bell holds a Juris Doctor and Master of Business Administration from Pepperdine University and earned a Bachelor of Science in History from the University of California, Santa Barbara. He is a member of the California Bar Association. About The Penn Mutual Life Insurance Company For more than 175 years, Penn Mutual has been a trusted partner to financial professionals across the U.S., placing protection solutions at the center of building stronger financial futures for individuals, families, and businesses. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of financial professionals and their clients, including life insurance, annuities, wealth management, and institutional asset management. To learn more, including current financial strength ratings, visit pennmutual.com. (C) 2026 The Penn Mutual Life Insurance Company, Philadelphia, PA 9137236NS_SEP28 SOURCE The Penn Mutual Life Insurance Company

Penn Mutual earns 2026 Great Place To Work Certification(TM). Jul 22, 2026, 09:00 ET PHILADELPHIA, July 22, 2026 /PRNewswire/ - The Penn Mutual Life Insurance Company (Penn Mutual) is proud to be Certified(TM) by Great Place To Work(R) for the fifth year in a row. The prestigious award is based entirely on what current employees say about their experience working at Penn Mutual. This year, 94% of employees said it's a great place to work - 37 points higher than the average U.S. company. Great Place To Work(R) is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," said Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Penn Mutual stands out as one of the top companies to work for, providing a great workplace environment for its employees." "Earning Great Place To Work Certification for the fifth consecutive year is incredibly meaningful because it reflects the voices and experiences of our employees," said Liz Heitner, Chief Administrative Officer at Penn Mutual. "Our culture is built every day through the way Penn Mutual employees collaborate, care for one another, embrace new ways of working, and stay focused on the financial professionals and policyholders who depend on us. This recognition belongs to our people. We're grateful for the role they play in making Penn Mutual a workplace where people feel valued, connected, and empowered to do their best work." Penn Mutual's certification is based on employee feedback collected through the Great Place To Work's Trust Index(TM) survey. This year's feedback reinforced many of the qualities that define the Penn Mutual employee experience, including a modern, flexible, and high-trust workplace; a culture rooted in respect and collaboration; strong connections with managers and teams; and approachable leaders who listen and act on feedback. Employees also recognized Penn Mutual's continued focus on innovation and new ways of working. Employees shared how AI is helping them produce more high-impact work, and that they are receiving opportunities and resources from the company to embrace and adopt AI. According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company's profits, and have a fair chance at promotion. About The Penn Mutual Life Insurance Company For more than 175 years, Penn Mutual has been a trusted partner to financial professionals across the U.S., placing protection solutions at the center of building stronger financial futures for individuals, families, and businesses. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of financial professionals and their clients, including life insurance, annuities, wealth management, and institutional asset management. To learn more, including current financial strength ratings, visit pennmutual.com. About Great Place to Work Certification(TM) Great Place To Work(R) Certification(TM) is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience - specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. About Great Place To Work(R) As the global authority on workplace culture, Great Place To Work(R) brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All(TM) Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified(TM) or receiving recognition on a coveted Best Workplaces(TM) List. (C) 2026 The Penn Mutual Life Insurance Company, Philadelphia, PA 9028888NS_JUL28 SOURCE The Penn Mutual Life Insurance Company