The Penn Mutual Life Insurance Company (Penn Mutual) is an insurance company based in Horsham, Pennsylvania. Founded in 1847, Penn Mutual provides life, accident, and health insurance coverage. The company creates and delivers solutions tailored to help clients realize the complete value of life insurance across all of life's stages, complemented by annuities and investment products. The company also provides investment banking services to institutional, corporate and municipal clients. The company operates as a subsidiary of Penn National Insurance. The company is administered by the board of trustees.