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Penn Mutual Overview

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. Penn Mutual is headquartered in Horsham, Pennsylvania, just outside Philadelphia.
The staff at Penn Mutual come from unusually diverse demographic backgrounds. The company is 41.1% female and 36.0% 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 74.4%. 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 3.7 years. The average employee at Penn Mutual makes $69,696 per year, which is competitive for its industry and location. Some of its highest paying competitors, Ohio Farmers Insurance Company, Insurance Office of America, and Everest Holdings, pay $77,723, $73,716, and $70,712, respectively.
Based in Pennsylvania, Penn Mutual is a key player in the insurance industry with 3,140 employees and an annual revenue of $3.2B.

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.

Industry

Insurance

Revenue

$3.2B

Employees

3,140

Founded in

1847

Headquarters

Horsham, PA

Website

www.pennmutual.com

Organization Type

Private

Is This Your Company?

The Team At Penn Mutual

Key People
  • Susan Deakins (cfo)
  • David O'Malley (president)
  • Eileen McDonnell (ceo)

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.

What do people say about Penn Mutual

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What do you like about working for Penn Mutual?

Penn Mutual Rankings

Penn Mutual is ranked #37 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.

Read more about how we rank companies.

Penn Mutual Salaries

How much does Penn Mutual pay?
The national average salary for a Penn Mutual employee in the United States is $69,696 per year. Employees in the top 10 percent can make over $126,000 per year, while employees at the bottom 10 percent earn less than $38,000 per year.
9.7
Salary Score
Average Employee Earnings

Penn Mutual Salaries By Job Title

The average employee at Penn Mutual earns a yearly salary of $69,696 per year, but different jobs can earn drastically different salaries. The higher paying positions at Penn Mutual include portfolio manager, managing director, human resources business partner, and regional sales director. A typical portfolio manager salary at Penn Mutual is $175,710 per year. Some of the other roles at Penn Mutual are claim processor and social media internship. A worker with the title claim processor at Penn Mutual earns an average salary of $26,211 per year.
Job Title
Title
ascdesc
Average Salarydesc
Portfolio Manager
Salary Range151k - 203k$176k$175,710
Managing Director
Salary Range111k - 170k$138k$138,246
Human Resources Business Partner
Salary Range115k - 153k$133k$133,297
Regional Sales Director
Salary Range121k - 135k$128k$127,965
Wealth Management Advisor
Salary Range98k - 129k$113k$112,778
Data Architect
Salary Range102k - 119k$111k$110,929
ETL Architect
Salary Range103k - 110k$107k$106,922
Actuarial Technician
Salary Range90k - 122k$105k$105,388
Data Integrity Specialist
Salary Range94k - 110k$103k$102,529
Senior Software Engineer
Salary Range91k - 112k$102k$101,610
$70k
$203k

Penn Mutual Careers

On average, employees at Penn Mutual stay with the company for 3.7 years. Employees most commonly join Penn Mutual after leaving Prudential Financial. When they leave Penn Mutual, they most frequently get their next job at Lincoln Financial Group.

Top Employers Before Penn Mutual

MetLife
8.4 %

Top Employers After Penn Mutual

Penn Mutual Employee Demographics

9.4
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 Employees Education

Of the 3,140 employees at Penn Mutual, 15.3% attended Temple University. Employees at Penn Mutual most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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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 $30,150 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
John WatsonFinance Advisor
John Watson
Finance Advisor
Finance Advisor
Republican Party
Republican Party
$30,150Republican Party
$30,150
Eileen McDonnellInsurance
Eileen McDonnell
Insurance
Insurance
Republican Party
Republican Party
$18,000Republican Party
$18,000
Thomas HarrisExecutive Vice President
Thomas Harris
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$11,000Republican Party
$11,000
Raymond CaucciVice President
Raymond Caucci
Vice President
Vice President
Republican Party
Republican Party
$6,000Republican Party
$6,000
Paul VignoneInsurance
Paul Vignone
Insurance
Insurance
Republican Party
Republican Party
$5,750Republican Party
$5,750
James MeehanMp
James Meehan
Mp
Mp
Republican Party
Republican Party
$5,600Republican Party
$5,600
Michael SarverManaging Partner
Michael Sarver
Managing Partner
Managing Partner
Republican Party
Republican Party
$5,000Republican Party
$5,000
Charles ParksManaging Partner
Charles Parks
Managing Partner
Managing Partner
Republican Party
Republican Party
$5,000Republican Party
$5,000
Kenneth KnoxInsurance Underwriter, Sales
Kenneth Knox
Insurance Underwriter, Sales
Insurance Underwriter, Sales
Republican Party
Republican Party
$4,750Republican Party
$4,750
David HansenRegional Director
David Hansen
Regional Director
Regional Director
Republican Party
Republican Party
$4,000Republican Party
$4,000
Show More

Penn Mutual Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1847

Organization type

Private

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Penn Mutual Subsidiaries

Subsidiaries to Penn Mutual include Janney Montgomery Scott, Hornor, Townsend & Kent, and Independence Square Properties. Employees at the parent company, Penn Mutual, earn $69,696. In comparison, the salaries at Janney Montgomery Scott, Hornor, Townsend & Kent, and Independence Square Properties are $69,702, $68,214, and $38,206.
Company
ascdesc
Average Salarydesc
Janney Montgomery Scott
Salary Range45k - 106k$70k$69,702
Hornor, Townsend & Kent
Salary Range49k - 94k$68k$68,214
Independence Square Properties
Salary Range27k - 53k$38k$38,206
$27k
$106k

Penn Mutual Competitors

Based on our research, similar companies to Penn Mutual are Ohio Farmers Insurance Company, Insurance Office of America, and Everest Holdings. The wages at Ohio Farmers Insurance Company average higher than the other similar companies, where the median salary is $77,723 per year. The employees at Insurance Office of America earn an average yearly salary of $73,716 per year, and the salaries at Everest Holdings average $70,712 per year.
Companydesc
Average Salarydesc
Ohio Farmers Insurance Company
Salary Range64k - 93k$78k$77,723
Insurance Office of America
Salary Range58k - 92k$74k$73,716
Everest Holdings
Salary Range58k - 85k$71k$70,712

Industrial Risk Insurers

Salary Range54k - 91k$71k$70,532
Phoenix Life Insurance
Salary Range51k - 95k$70k$69,937
Summit Consulting
Salary Range51k - 92k$69k$69,083

Transamerica Advisors Life Insurance Company

Salary Range51k - 91k$69k$68,734
The Plymouth Rock Company
Salary Range51k - 87k$67k$66,759
Symetra Financial
Salary Range47k - 91k$66k$66,090

J.P. Turner & Company

Salary Range42k - 93k$63k$63,343
$30k
$95k

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 $3.2B 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 Phoenix Life Insurance, Massachusetts Mutual Life Insurance ..., Minnesota Life Insurance Company, Ohio Farmers Insurance Company, New York Life Insurance Company, Symetra Financial, John Hancock Life Insurance Company, J.P. Turner & Company, RBC Insurance Holdings, PMA Companies, Commonwealth Equity Services, The Plymouth Rock Company, Summit Consulting, Insurance Office of America, Everest Holdings, Transamerica Advisors Life Insurance Company, Industrial Risk Insurers, Barney & Barney, GREATER CHICAGO EMPLOYEE BENEFIT CONSULTANTS, Minnesota Mutual Companies.

Who works at Penn Mutual?

Susan Deakins (cfo)

David O'Malley (president)

Eileen McDonnell (ceo)

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Updated December 31, 2020

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. 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. 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 Asset Management LLC, THE PENN MUTUAL LIFE INSURANCE CO and The Penn Mutual Life Insurance Company.