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1 through 20 of 59 matching documents, best matches first.   Sort by date

Penn Mutual Sees Net Income Fall in 2025 as Revenue Drops
Penn Mutual Life Insurance Co. saw its net attributable income drop to $519.6 million in 2025 from $1.33 billion a year earlier as total revenue was down and policyholder benefits ...
Source: BestWire   Date: April 7, 2026
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Penn Mutual Sees ‘Illegal Tax Avoidance' Scheme Lawsuit Dismissed
District Court for the Central District of California. The underlying complaint was filed by 29 people who purchased high-premium life insurance policies from Penn Mutual agent ...
Source: BestWire   Date: December 10, 2025
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Penn Mutual, Others File Third-Party Complaint in Montana Life Insurance Lawsuit
Penn Mutual Life Insurance Co. and a group of plaintiffs argue in a new court filing that a group of funeral directors in Montana received poor financial advice that caused ...
Source: BestWire   Date: November 12, 2025
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Penn Mutual Seeks Dismissal of Suit Alleging Agents Touted 'Tax Advantages' of Some Policies
Penn Mutual Life Insurance Co. and other defendants are asking a federal judge to dismiss a lawsuit accusing them of using some life insurance policies to promote a tax-avoidance ...
Source: BestWire   Date: June 4, 2025
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Penn Mutual Sees Net Attributable Income Spike in 2024 to $1.33 Billion
Penn Mutual Life Insurance Co. saw its net attributable income climb more than sixfold to $1.33 billion in 2024, according to its annual report. The carrier reported net ...
Source: BestWire   Date: April 14, 2025
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AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group (Penn Mutual). Concurrently, AM Best has ...
Source: BestWire   Date: April 1, 2025
Penn Mutual Appoints CFO Amid Retirement
Penn Mutual Life Insurance Co. said Rick Klenk was promoted to chief financial officer, effective March 7. In the role, Klenk will oversee Penn Mutual's financial strategy and lead ...
Source: BestWire   Date: March 28, 2025
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Lawsuit Accuses Agents of Falsely Touting Penn Life Policy 'Tax Advantages'
Mutual Life Insurance Co. policies and other products after agents falsely claimed they would offer certain tax advantages. Plaintiffs are seeking $13.5 million in actual damages ...
Source: BestWire   Date: March 14, 2025
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AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group (Penn Mutual). Concurrently, AM Best has ...
Source: BestWire   Date: March 14, 2024
AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group (Penn Mutual). Concurrently, AM Best has ...
Source: BestWire   Date: March 16, 2023
BestWeek: Penn Mutual CFO Credits Corporate Structure, Borrowing for Outpacing Peers in 2021 Admitted Asset Growth
Dave Raszeja, chief financial officer at Penn Mutual Life Insurance Co., ticks off a list of the company's achievements in 2021: It registered its best sales year ever with $275 ...
Source: BestWire   Date: August 19, 2022
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AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
The Penn Insurance and Annuity Company of New York (Brewster, NY). These companies collectively are referred to as Penn Mutual Group (Penn Mutual). Concurrently, AM Best has ...
Source: BestWire   Date: March 23, 2022
Penn Mutual Life Insurance Starts Planned Succession Process for New CEO
Penn Mutual Life Insurance Co. has named David O'Malley to succeed Eileen McDonnell as president and chief executive officer. O'Malley will transition to his new role on Jan.1, ...
Source: BestWire   Date: September 28, 2021
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AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
Insurance and Annuity Company of New York (Brewster, NY). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of "a" on the $200 million, 6.65% ...
Source: BestWire   Date: March 24, 2021
Penn Mutual Life Promotes Two to Newly Created General Counsel Roles
The Penn Mutual Life Insurance Co. has promoted Frank Best to general counsel, insurance and corporate secretary and Ann-Marie Mason has been promoted to general counsel, asset ...
Source: BestWire   Date: September 17, 2020
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AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries
Vantis Life Insurance Company of New York (Brewster, NY). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of "a" on the $200 million 6.65% ...
Source: BestWire   Date: April 15, 2020
Penn Mutual Names Successor for Retiring CFO
Penn Mutual Life Insurance Co. has named Dave Raszeja to succeed Sue Deakins as senior vice president and chief financial officer. Raszeja, currently senior vice president, ...
Source: BestWire   Date: January 27, 2020
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Penn Mutual Names Managing Director
Penn Mutual Life Insurance Co. has promoted Lisa Davis, managing director, to managing partner of its Philadelphia agency, 1847Financial. Davis will transition to her new role ...
Source: BestWire   Date: January 22, 2020
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Insurers to Pay $1.1 Million to New York Consumers for Improper Disclosure
Each of the six signed the consent agreements between Sept. 19-24. The insurers are Companion Life Insurance Co., The Guardian Insurance & Annuity Co., Northwestern Mutual Life ...
Source: BestWire   Date: September 24, 2019
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AM Best Affirms Credit Ratings of Penn Mutual Life and Its Sub.; Upgrades Ratings of Vantis Life and Vantis Life Ins. Co. of NY
The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has upgraded the FSR to A+ (Superior) from A (Excellent) and the Long-Term ICRs to "aa-" from "a" of ...
Source: BestWire   Date: April 11, 2019

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