Company Profile

Principal affiliates

Our family of principal affiliates enhances our strength, reinforces our capabilities, and contributes to our ongoing success. Through them, we offer a full range of life insurance and annuity products, and investment services.

The Penn Insurance and Annuity Company (PIA)

Founded in 1980, The Penn Insurance and Annuity Company (PIA) is a wholly owned life insurance subsidiary of Penn Mutual. Domiciled in Delaware, PIA maintains its operations in Horsham, Pennsylvania, and is licensed to do business in 49 states and the District of Columbia. It markets its business through Penn Mutual’s distribution systems and has its in-force business serviced by the parent company.

Penn Mutual Asset Management, LLC

Penn Mutual Asset Management, LLC (PMAM), a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company (Penn Mutual), is dedicated to creating value through a prudent, thoughtful, and rigorous investment decision-making process. Since 1989, PMAM has served as investment adviser and manager of managers for the Penn Series Funds, Inc., a proprietary fund complex, with approximately $9 billion in assets. PMAM is also responsible for the management of the investment portfolios of Penn Mutual and its subsidiaries’ $20 billion general account. With over $29 billion in assets under management as of June 30, 2020, PMAM is dedicated to executing on its core asset management competencies, which include total return-based investing, advisory services, and expertise in alternative asset investing.

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Hornor, Townsend & Kent, LLC (HTK)

HTK is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. HTK is a broker-dealer and registered investment financial professional supporting independent financial professionals across the U.S. For more than 50 years, HTK has been the trusted partner supporting financial professionals on their path to success. HTK is committed to offering financial professionals the independence to build their practice their way through the delivery of a flexible platform, leading solutions and personalized service. HTK is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

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Janney Montgomery Scott LLC (JMS)

Janney Montgomery Scott LLC (JMS) is one of the largest, full-service regional securities broker/dealers in the country, serving customers in the Eastern United States through a comprehensive network of branch offices. In addition to Penn Mutual products, JMS offers clients a complete range of investment vehicles, from individual securities to mutual funds, insurance, money management, and other financial service products. JMS also provides investment banking services to corporations and institutional clients. Janney is a member of the New York Stock Exchange, where it holds the second-oldest seat, all other major U.S. exchanges, the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC).

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Vantis Life

Vantis Life Insurance Company, established in 1942, became part of the Penn Mutual family in 2016. From its inception, Vantis Life’s primary goal has been to provide families with affordable life insurance and annuity products. Vantis Life prides itself on providing simple, easy-to-afford products to hard working American families, and supporting these products with attentive and personal customer service.

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