2023 Penn Mutual Dividend Interest RateĪs you can see, in 2023 the dividend interest credit rate was 5.75% on non-loaned values and 5.05% on loaned values. The $200 million dividend payment is $37 million higher than the previous year, an increase of almost 23%. And more recently, Penn Mutual announced a $200 million dividend payout for 2024, its 175th year in a row it has paid out a dividend. In November of 2022, Penn Mutual Board of Trustees approved a $163 million life insurance dividend payment for 2023. Penn Mutual offers participating whole life insurance.

Penn Mutual is a leading dividend paying whole life insurance company that was founded in 1847. Penn Mutual’s 2022 Annual Report showcases the company’s strong financial performance, commitment to policyholders, and focus on long-term stability and growth. Includes Penn Insurance and Annuity, Vantis Life, Janney Montgomery Scott LLC, Hornor, Townsend & Kent, LLC, and Penn Mutual Asset Management. Includes experienced professionals from various industries.

Received high ratings from major rating agencies like AM Best, Moody’s, Standard & Poor’s, Fitch, and KBRA.

New life insurance sales: $370 million.

Includes investment-grade bonds, stocks, venture capital, private equity, and real estate.

Statutory assets under management: $37.8 billion.ĭiversified with a focus on asset/liability management, liquidity, and conservative risk approach.

Total surplus (capital): $3.1 billion as of December 31, 2022.

Adjusted EBITDA expected between $80 million and $105 million.

Net loss expected between $50 million and $22 million.Revenue expected between $1.05 billion and $1.2 billion.Offers a comprehensive product portfolio.Senior, Healthcare Services, Life, and Auto & Home segments.Dividend payout to eligible policyholders: $153 million.

Life and annuity benefits paid: $2.1 billion.

Total assets under control: $175 billion.

Highlights from Penn Mutual’s 2022 Annual Report include: Company Overview: But, is it going to be the right insurance company for you? And that’s the real question! And one that we hope you’ll be better able to answer for yourself after reading I&E’s complete review of Penn Mutual where we will discuss the company’s history, ratings, products and benefits. Penn Mutual is an excellent company and makes up the elite class of the best whole life insurance companies for cash value growth.

Penn mutual assets