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The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets. Penn Mutual is headquartered in Horsham, Pennsylvania, just outside Philadelphia. Its subsidiaries include the brokerage firm Janney Montgomery Scott (acquired in 1982), which as of 2020 had $90 billion in assets under advisement for its clients.

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  • Penn Mutual (en)
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  • The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets. Penn Mutual is headquartered in Horsham, Pennsylvania, just outside Philadelphia. Its subsidiaries include the brokerage firm Janney Montgomery Scott (acquired in 1982), which as of 2020 had $90 billion in assets under advisement for its clients. (en)
foaf:name
  • Penn Mutual Life Insurance Company (en)
foaf:homepage
name
  • Penn Mutual Life Insurance Company (en)
foaf:depiction
  • http://commons.wikimedia.org/wiki/Special:FilePath/Penn_Mutual_building.jpg
  • http://commons.wikimedia.org/wiki/Special:FilePath/Penn_Mutual_Life_Insurance_Company_entrance.jpg
  • http://commons.wikimedia.org/wiki/Special:FilePath/Pennmutuallogo.gif
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assets
  • $36.7 billion USD (en)
homepage
industry
  • Life Insurance and Annuities (en)
key people
  • David O'Malley, President and CEO (en)
location
  • Horsham, Pennsylvania, United States (en)
logo
  • http://dbpedia.org/resource/File:Pennmutuallogo.gif
net income
  • $396 million USD (en)
num employees
revenue
  • $3.7 billion USD (en)
type
has abstract
  • The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States. As of 2019, it had 3,140 employees, $3.7 billion in revenue, and $36.7 billion in assets. Penn Mutual is headquartered in Horsham, Pennsylvania, just outside Philadelphia. Its subsidiaries include the brokerage firm Janney Montgomery Scott (acquired in 1982), which as of 2020 had $90 billion in assets under advisement for its clients. In 2017, Penn Mutual settled a lawsuit against it for $110 million, in which policyholders had charged that the company had improperly withheld surplus funds, rather than distribute them as dividends. (en)
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