World ranking companies and document dividend fee assist firm’s legacy place
HORSHAM, Pa., Jan. 18, 2023 /PRNewswire/ — The Penn Mutual Life Insurance coverage Firm (Penn Mutual), a Fortune 1000 firm, is proud to proceed the corporate’s storied basis of monetary power. In 2022, 5 of the world’s high ranking companies affirmed robust scores, together with latest scores of AA (Very Excessive High quality) from Kroll Bond Score Company (KBRA) and AA- (Very Robust) from Fitch Rankings in November and an A+ (Robust) ranking from S&P World Rankings in December. As well as, the corporate introduced a document dividend payout in 2023.
“Our dedication to mutuality and disciplined execution with a long-term perspective proceed to serve the most effective pursuits of our policyholders,” mentioned Dave Raszeja, Penn Mutual’s chief monetary officer. “We’re proud our monetary power is acknowledged by scores companies and rewarded with one other document dividend payout.”
Penn Mutual’s dedication to mutuality has been a cornerstone of the corporate’s monetary power since its founding in 1847. Whereas dividends are by no means assured, they’re an important measurement of a mutual firm’s efficiency. Penn Mutual has constantly paid dividends to eligible policyholders for practically 175 years. The latest announcement of the 2023 dividend payout extends the corporate’s lengthy monitor document of delivering robust efficiency and worth to policyholders.
Score companies present an impartial view of the longer term means of an insurance coverage firm to satisfy its long-term obligations to policyholders. Along with KBRA, Fitch and S&P World, AM Greatest and Moody’s Traders Service additionally affirmed the corporate’s scores of A+ (Superior) and Aa3 (Excessive High quality), respectively, in 2022. The corporate’s A+ ranking from AM Greatest continued its streak of A or increased scores for 95 consecutive years – the longest within the trade.
The ranking companies acknowledged the corporate’s diversified product portfolio, robust market presence, diversified nationwide distribution networks, robust monetary administration and differentiated expertise as key concerns that assist the excessive scores and the corporate’s trade management place and competitiveness.
About The Penn Mutual Life Insurance coverage Firm
For greater than 175 years, Penn Mutual has been serving to individuals get stronger. Our expertly crafted life insurance coverage is significant to long-term monetary well being and strengthens individuals’s means to take pleasure in day by day. Working with our trusted community of monetary professionals, we take the lengthy view, constructing custom-made options for people, their households, and their companies. Penn Mutual helps its monetary professionals with retirement and funding companies via its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC. Go to Penn Mutual at www.pennmutual.com.
©2023 The Penn Mutual Life Insurance coverage Firm, 600 Dresher Street, Horsham, PA 19044
Contact:
Jeff Leinen
Penn Mutual
215-956-8530
[email protected]
SOURCE The Penn Mutual Life Insurance coverage Firm
