Press Releases & Company News
Penn Mutual Announces Record Dividend Award for 2027
PHILADELPHIA, PA – October 13, 2026 – The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce that its Board of Trustees has approved a record $360 million dividend award for participating policyholders in 2027. The award marks another milestone in the company’s commitment to its policyholders and its mutual structure.
Dividends are a key measure of a mutual company’s performance, and Penn Mutual's annual dividend award has grown steadily year after year. Since 1847, Penn Mutual has proudly been a mutual company, where policyholders share in the company's success and help generations of individuals, families, and businesses build stronger financial futures.
“As a mutual company, we focus on creating long-term value for the people we serve,” said Dave O'Malley, Chairman, President, and Chief Executive Officer. “Another record dividend award demonstrates our financial strength, disciplined approach, and enduring commitment to helping policyholders achieve greater financial protection.”
Policyholders will receive dividends on their 2027 anniversary date based on the way they elected to receive them.
Dividends are determined annually, are subject to change, and are not guaranteed.
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.
© 2026 The Penn Mutual Life Insurance Company, Philadelphia, PA
9167794PM_Oct28
Contact: 
Brittany White
Enterprise Communications
Penn Mutual 
corporatecommunications@pennmutual.com 
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