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The Culture At Penn Mutual

Information provided by the company
We are looking for confident, innovative and driven individuals who have a collaborative style that can contribute to our winning culture. We believe in open communication and the value of each individual's opinion.
We strive for excellence every day by aiming high and pushing each other to our individual limits to achieve success.
We are looking for confident, innovative and driven individuals who have a collaborative style that can contribute to our winning culture.

Penn Mutual Overview

Since 1847, they have been driven to create a world of possibilities-one individual, one family and one small business at a time. They help people do more in life by creating solutions that deliver the complete value of life insurance across life's stages, complemented by annuities and investment products.
The staff at Penn Mutual come from unusually diverse demographic backgrounds. The company is 43.1% female and 35.9% ethnic minorities. Despite its diversity in other areas, Penn Mutual employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 76.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Penn Mutual has great employee retention with staff members usually staying with the company for 4.6 years. The average employee at Penn Mutual makes $67,620 per year, which is quite competitive for its location and industry. In comparison, some of its highest paying competitors, like Summit Consulting, MassMutual, and Symetra, pay $64,755, $63,938, and $63,643, respectively.
Based in Pennsylvania, Penn Mutual is a key player in the insurance industry with 3,140 employees and an annual revenue of $3.7B.

The Organization’s Mission

To help you live life with confidence. Through the guidance of your trusted adviser, you have made a sound financial decision for your family, business and yourself.







Founded in



Horsham, PA



Organization Type


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The Team At Penn Mutual

Key People

Eileen C. McDonnell

Chad Sheaffer

Penn Mutual Company Rankings

Penn Mutual is ranked #39 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Penn Mutual Salaries

Salary Score
The national average salary for a Penn Mutual employee in the United States is $67,620 per year. Employees in the top 10 percent can make over $131,000 per year, while employees at the bottom 10 percent earn less than $34,000 per year.
Average Penn Mutual Salary
$67,620 yearly
$32.51 hourly
Updated July 11, 2022
10 %
90 %
Average Employee Earnings

Highest Paying Jobs At Penn Mutual

Rank  Job Title  Avg. Salary  Hourly Rate  
1Regional Sales Director$143,007$69
2Software Engineer Lead$125,508$60
3Portfolio Manager$121,084$58
4Senior Software Engineer$120,135$58
5Data Architect$117,288$56
6Data Integrity Specialist$111,940$54
7Salesforce Developer$110,642$53
8Actuarial Technician$105,931$51
9Quantitative Analyst$102,740$49
10Informatica Consultant$95,378$46
11Director Of Program Marketing$94,478$45
12SQL Server Developer$91,492$44
13Human Resources Business Partner$90,911$44
14Automation Specialist$83,123$40
15Management Analyst$75,052$36
16Regional Administrator$74,779$36
17Finance Advisor$73,523$35
18Senior Accountant$73,449$35
19Underwriting Consultant$69,315$33
20Internal Auditor$63,439$31

Penn Mutual Demographics Summary

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Penn Mutual Gender Distribution


Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Penn Mutual. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Penn Mutual has 3,140 employees.

  • 43% of Penn Mutual employees are women, while 57% are men.

  • The most common ethnicity at Penn Mutual is White (64%), followed by Hispanic or Latino (13%) and Asian (10%).

  • Penn Mutual employees are most likely to be members of the republican party.

  • On average, employees at Penn Mutual stay with the company for 4.6 years.

  • The average employee at Penn Mutual makes $67,620 per year.

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Penn Mutual Employee Political Affiliation

Penn Mutual employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Penn Mutual employee was by John Watson. John Watson donated $28,650 to the Republican Party.


Republican Party

76.0 %

Democratic Party

24.0 %

Employee Political Donations

Name  Job Title  Party  Donation  
John WatsonFinance AdvisorRepublican Party$28,650
Thomas HarrisExecutive Vice PresidentRepublican Party$11,000
Eileen McDonnellInsurance AgentRepublican Party$8,000
Raymond CaucciVice PresidentRepublican Party$6,000
Paul VignoneInsurance AgentRepublican Party$5,750
James MeehanMpRepublican Party$5,600
Michael SarverManaging PartnerRepublican Party$5,000
Charles ParksManaging PartnerRepublican Party$5,000
Kenneth KnoxInsurance Sales AgentRepublican Party$4,750
David HansenRegional DirectorRepublican Party$4,000
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Penn Mutual Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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Penn Mutual Subsidiaries

Subsidiaries to Penn Mutual include Janney Montgomery Scott and Hornor. Employees at the parent company, Penn Mutual, earn $67,620. In comparison, the salaries at Janney Montgomery Scott and Hornor are $71,171 and $62,318.
Average Salarydesc

Janney Montgomery Scott

Salary Range47k - 106k$71k$71,171


Salary Range40k - 94k$62k$62,318

Penn Mutual Competitors

Based on our research, similar companies to Penn Mutual are Summit Consulting, MassMutual, and Symetra. The wages at Summit Consulting average higher than the other similar companies, where the median salary is $64,755 per year. The employees at MassMutual earn an average yearly salary of $63,938 per year, and the salaries at Symetra average $63,643 per year.
Average Salarydesc
Summit Consulting
Salary Range46k - 89k$65k$64,755
Salary Range45k - 89k$64k$63,938
Salary Range45k - 89k$64k$63,643
Salary Range45k - 84k$62k$61,588
Salary Range41k - 86k$60k$60,419
Merchants Insurance Group
Salary Range45k - 80k$60k$60,384
AmWINS Group
Salary Range41k - 86k$60k$59,559

Minnesota Mutual Companies Inc

Salary Range41k - 84k$59k$59,191
New York Life Insurance
Salary Range41k - 83k$59k$59,051

RBC Insurance Holdings

Salary Range41k - 83k$59k$58,873

Frequently Asked Questions about Penn Mutual

When was Penn Mutual founded?

Penn Mutual was founded in 1847.

How many Employees does Penn Mutual have?

Penn Mutual has 3,140 employees.

How much money does Penn Mutual make?

Penn Mutual generates $3.7B in revenue.

What industry is Penn Mutual in?

Penn Mutual is in the insurance industry.

What is Penn Mutual's mission?

Penn Mutual's mission statement is "To help you live life with confidence. Through the guidance of your trusted adviser, you have made a sound financial decision for your family, business and yourself."

What type of company is Penn Mutual?

Penn Mutual is a private company.

Who are Penn Mutual's competitors?

Penn Mutual competitors include New York Life Insurance, Symetra, PMSI, The Word & Brown Companies, Merchants Insurance Group, RBC Insurance Holdings, Integro, American Enterprise Mutual Holding Company, Phoenix Insurance, Sun Life of Canada, ACE Group Holdings Inc, MassMutual, Connecticut Guaranty Assoc, AmWINS Group, Summit Consulting, RLI, Minnesota Mutual Companies Inc, TWG Holdings, Inc., Insurance Service Center, SIA Group.

Who works at Penn Mutual?

Eileen C. McDonnell (CEO)

Chad Sheaffer (Chief Financial Officer, Co-Founder)

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Zippia gives an in-depth look into the details of Penn Mutual, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Penn Mutual. The employee data is based on information from people who have self-reported their past or current employments at Penn Mutual. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Penn Mutual. The data presented on this page does not represent the view of Penn Mutual and its employees or that of Zippia.

Penn Mutual may also be known as or be related to Penn Mutual, Penn Mutual Life Insurance Company, The Penn Mutual Life Insurance Co, The Penn Mutual Life Insurance Co. and The Penn Mutual Life Insurance Company.