The Penn Mutual Life Insurance Company Surveillance Report
Rating Summary
Penn Mutual’s ratings reflect the company’s execution of its commitment to mutuality, a very strong capital base relative to its risks and the industry, a conservative yet high-performing investment portfolio, highly effective distribution channels that leverage differentiated technology and flexibility, a very strong liquidity profile along with robust asset/liability management, and diverse sources of sustainable profits. Penn Mutual’s consistently increasing GAAP earnings reflect strong underlying business fundamentals. Penn Mutual’s key distribution channels include Strategic Alliances, 1847Financial, National Accounts, and Core Independents. Its target market is affluent individuals, professionals, and owners of small-to-medium-sized businesses. The Penn Mutual group offers a comprehensive suite of products and services spanning life insurance, annuities, wealth management and institutional asset management. Of its life insurance products, it places a particular…
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