Penn Mutual

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Penn Mutual Life Insurance Company
Type Mutual
Industry Insurance: Life
Founded 1847
Headquarters Horsham, Pennsylvania, USA
Key people Eileen McDonnell, President
Revenue $1.4 billion USD (2009)
Net income $28.7 million USD (2009)
Employees 1,516 (2009)
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's original Philadelphia headquarters building at the corner of Walnut and 6th Streets 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 1969-710 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 on American Institute of Architects Honor Award in 1977, was designed by Mitchell/Giurgola Associates.[1][2][3]

Today, Penn Mutual is headquartered in Horsham, Pennsylvania, just outside of Philadelphia.[4] Subsidiaries include the brokerage firm Janney Montgomery Scott.

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Notes

  1. ^ Gallery, John Andrew, ed. (2004). Philadelphia Architecture: A Guide to the City (2nd ed.). Philadelphia: Foundation for Architecture. ISBN 0962290815. , p.122
  2. ^ "Washington Square" on USHistory.org
  3. ^ "Penn Mutual Tower" on PhiladelphiaBuildings.org
  4. ^ "Consumer Information for Penn Mutual (2005)". NAIC. Retrieved 2007-01-06. [dead link]

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