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      Penn Mutual

      Engaged Employer

      Penn Mutual reviews

      3.9

      73% would recommend to a friend

      (272 total reviews)
      avatar

      David O’Malley

      80% approve of CEO

      68% positive business outlook

      Ratings by demographic groups

      Penn Mutual has an employee rating of 3.9 out of 5 stars, based on 272 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Penn Mutual employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

      Reviews by job title

      272 reviews
      3.0
      Mar 2, 2018

      Concerned about recent layoffs

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Love the company and what we do, our leadership and our culture. The Horsham home office is a beautiful campus and the employees so friendly. Great place to work.

      Cons

      Just concerned about the layoffs since November 2017. Many long-time associates have been let go, with no opportunities for another position in the company for them to fill. Several mature women, with many years of service are gone. Concerned, yes. Fearful of job loss, yes. Trust factor, low. Hope it turns around in 2018.

      avatar
      Penn Mutual Response
      8y
      Thank you for your post and feedback. We are happy to hear you feel Penn Mutual is a great place to work with a strong culture and leadership; we make it our priority to create a culture and work environment that is collaborative, respectful and inclusive. Regarding your concerns about recent layoffs, at times difficult decisions need to be made in order for us to achieve our long-term goals for our policyholders. Unfortunately, some of these decisions result in job loss and they are never made lightly; when they are necessary, we provide financial and career assistance to help impacted individuals transition smoothly. As we begin 2018, we’re optimistic that we are on course to achieve our business goals and lead within our industry.
      2.0
      Jan 25, 2018

      Beware of the Culture Kool Aid

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Makes corporate goals and pays 100%+ on annual bonus. Nice associates who care. COO is a good person. Good insurance products. Good Actuary department.

      Cons

      CIO too involved with day-to-day decision making and doesn't let leaders lead. VPs only do what their superiors want even if not best for company. VPs end up protecting themselves and let subordinates fail to save themselves. Too many "yes" people. They manage through fear. CIO believes he is only innovative person in the building and passively belittles associates. Hear everyday from others to just do what the CIO wants else you will be worked out. If you want to get ahead make sure you get to know the COO (because he values people) else it doesn't matter how hard you work because your leader won't promote your value.

      avatar
      Penn Mutual Response
      8y
      Thank you for your feedback. We are sorry that your experience at Penn Mutual differs from the culture we each work diligently to maintain. At Penn Mutual we respect one another. We pride ourselves on being a values driven organization. All associates are encouraged to share their thoughts in an honest and open dialogue, without repercussion. Empowerment of our associates is one of the keys to our success and longevity. To ensure this, we have a robust ethics program that reinforces our values and provides numerous mechanisms for reporting concerns. We encourage you to employ any of the resources available if you wish to advise us of a concern. Occasionally, our leaders need to make necessary changes in personnel to advance our business. While it is never easy to make such changes, at times business conditions require it. These decisions are handled with dignity and respect, and affected associates are offered financial assistance when transitioning out of the company. Our company’s culture of collaboration has allowed us to drive innovation and become a leader in our industry. We hope your perception changes as your association with us continues. If there is anything I can do to assist you, please don’t hesitate to call me.
      2.0
      Jan 10, 2018

      LEAD software Engineer

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Nice people to work with

      Cons

      Not so many opportunities to learn new technologies. Salaries are lower than in other companies

      Viewing 163 - 165 of 272 Reviews
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      ReviewsPenn Mutual reviews

      Glassdoor has 320 Penn Mutual reviews submitted anonymously by Penn Mutual employees. Read employee reviews and ratings on Glassdoor to decide if Penn Mutual is right for you.