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- Moody’s reaffirms High Quality rating
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by Dave Raszeja
, Chief Financial Officer
Published on August 15, 2024
Global benchmark recognizes Penn Mutual’s solid standing and highlights our strengths as a leader in life insurance.
We’re pleased to announce that Moody’s Ratings, one of the major credit rating agencies, has reaffirmed Penn Mutual's Aa3 (High Quality) insurance financial strength rating with a Stable outlook as of August 2024.
In its brief, Moody’s noted that the rating reflects Penn Mutual’s solid capitalization, strong liquidity and very good asset quality. In addition, our credit profile benefits from a diverse offering of life insurance and annuity products, consistently growing market position in life insurance, as well as an emphasis on participating whole life insurance.
Moody’s also highlighted these strengths of Penn Mutual:
Moody’s ratings are a global benchmark for assessing an insurance company's financial strength. Year after year, our consistently high ratings, including Moody’s and others, reinforce our position of financial strength and our longstanding commitment to our policyholders.
Read the full report on Moody’s and learn more about Moody’s ratings here.
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