Penn Mutual

Penn Mutual Life Insurance Company
Mutual
Industry Life Insurance and Annuities
Founded 1847
Headquarters Horsham, Pennsylvania, United States
Key people
 Eileen McDonnell, CEO and David O'Malley, President
Revenue $2.3 billion USD (2015)
$209 million USD (2015)
Number of employees
 1,600 (2015)
Website www.pennmutual.com
The Penn Mutual Tower (1975, left), 1931 addition (center), and 1913 headquarters building (right, hidden behind trees)

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.[1] Its subsidiaries include the brokerage firm Janney Montgomery Scott.[2]

Original headquarters

Penn Mutual's original Philadelphia headquarters building at the corner of Walnut and 6th Street was a cast-iron structure that was replaced in 1913 by one designed by Edgar Viguers Seeler (1867–1929). This was added to on the east side in 1931, and again in 1969–70 by a glass tower at 510 Walnut Street which retained the 1838 Egyptian Revival facade of John Haviland's Pennsylvania Fire Insurance Company Building (1838), the east portion and cornice of which was designed by Theophilus Chandler, Jr. in 1901, as a stand-alone structure which serves as a screen to the building's entrance courtyard. The tower, which won an American Institute of Architects Honor Award in 1977, was designed by Mitchell/Giurgola Associates.[3][4][5]

Notable events and people

  • In 1995, general agent Louis P. DiCerbo was inducted into the GAMA Hall of Fame, the first person from Penn Mutual to receive the honor.[6]

See also

References

  1. ↑ "Consumer Information for Penn Mutual (2005)". NAIC. Archived from the original on September 26, 2007. Retrieved 2007-01-06.
  2. ↑ Talati, Sonia (May 5, 2017). "Janney: Growing by Poking at Giants". Barron's.
  3. ↑ Gallery, John Andrew, ed. (2004), Philadelphia Architecture: A Guide to the City (2nd ed.), Philadelphia: Foundation for Architecture, ISBN 0962290815 , p.122
  4. ↑ "Washington Square" on USHistory.org
  5. ↑ "Penn Mutual Tower" on PhiladelphiaBuildings.org
  6. ↑ GAMA International website. "Hall of Fame Inductees". Accessed 10 September 2018.


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