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. As of 2019, it had 3,140 employees, $ 3.7 billion in revenue, and $ 36.7 billion in assets.
12-558: Penn Mutual is headquartered in Horsham, Pennsylvania , just outside Philadelphia. Its subsidiaries include the brokerage firm Janney Montgomery Scott (acquired in 1982), which as of 2020 had $ 90 billion in assets under advisement for its clients. In 2017, Penn Mutual settled a lawsuit against it for $ 110 million, in which policyholders had charged that the company had improperly withheld surplus funds, rather than distribute them as dividends. Penn Mutual's original Philadelphia headquarters
24-633: A facade, a freestanding scrim. That building had its own history as the Pennsylvania Fire Insurance Company Building, 508–10 Walnut Street, designed by John Haviland in 1838 originally with four stories, three bays, and the winged suns and papyrus-leaf-column decorations of Egyptian Revival . These three bays had been duplicated, and the cornice constructed, by Theophilus P. Chandler Jr. in 1902. The tower won an American Institute of Architects Honor Award in 1977. Horsham, Pennsylvania Horsham
36-474: A new edifice "to be as high as the Record cupola", the conspicuously tall Philadelphia Record tower standing immediately adjacent on Chestnut. "The new building will have a front of 77 feet on Chestnut street and will be nine stories in height, with a tower 17 feet square, which will reach to a height of 175 feet." The architect was Theophilus P. Chandler Jr. (That 1889 building, with its subsequent additions,
48-637: Is a census-designated place in Horsham Township, Montgomery County, Pennsylvania , United States. The population was 15,193 at the 2020 census . It is home to the Biddle Air National Guard Base at the former site of Naval Air Station Joint Reserve Base Willow Grove . Horsham is coterminous with the ZIP Code 19044. It covers an area of 5.47 miles and is located 16 miles (26 km) north of Philadelphia . Horsham
60-547: Is located at 40°10′34.20″N 75°08′2.40″W / 40.1761667°N 75.1340000°W / 40.1761667; -75.1340000 (40.178484, -75.128786). The climate in Horsham is characterized by hot, humid summers and generally cool to cold winters. According to the Köppen Climate Classification system, Horsham has a humid continental climate , abbreviated "Dfa" on climate maps. As of
72-451: Is often difficult, since methodologies, definitions and data quality can vary greatly. Since the 1990s, the OECD has conducted regular surveys among its 38 member countries using a standardized methodology and set of questions. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure
84-450: The 2020 census, Horsham's population was 81.7% Non-Hispanic White, 3.1% Black or African American, 0% Native American and Alaskan Native, 7.7% Asian, 0% Native Hawaiian and Other Pacific Islander, 2.6% were two or more races. 12.2% of the population were of Hispanic or Latino ancestry. There were 15,173 people and 5,666 households residing in Horsham. The population density was 2,777.5 inhabitants per square mile (1,072.4/km ). The population
96-500: The average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such as the American Community Survey . This allows the calculation of per capita income for both the country as a whole and specific regions or demographic groups. However, comparing per capita income across different countries
108-443: The original with twenty stories of granite. Then in 1971–75, the company dramatically expanded its floorspace again at the same site. The architects were Mitchell/Giurgola . Their Penn Mutual Tower project encompassed a third, higher modernist glass tower, the preservation and integration of the 1916 structure and the 1931 structure, and a move further east along Walnut which incorporated another unrelated historic property—but only as
120-530: Was erected in 1850–51 to designs by architect Gordon Parker Cummings, at the northeast corner of Third and Dock. The five-story building was the "first cast-iron building in Philadelphia, and one of the earliest cast-iron buildings in the nation." It was razed in 1956. In 1860 the company moved into an existing building at 921–23 Chestnut that dated from 1810. In February 1889 the company moved out, temporarily, so that property could be cleared to prepare for
132-586: Was spread out, with 25.5% under the age of 18, and 17.3% who were 65 years of age or older. The median income for a household in the CDP was $ 85,767, and the median income for a family was $ 68,619. The per capita income for the CDP was $ 41,747. About 3.8% of the population were below the poverty line . It is part of the Hatboro-Horsham School District . Per capita income Per capita income ( PCI ) or average income measures
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#1732798259426144-435: Was ultimately destroyed and replaced by Paul Cret 's Old Federal Reserve Bank Building in 1931.) In 1916 Penn Mutual moved to an entirely new headquarters designed by Edgar Viguers Seeler , at the corner of Walnut and 6th Street. The 1916 building still stands. In 1931 the growing company built an equally boxy addition next door along Walnut, to the east, although the addition by architect Ernst J. Matthewson towered over
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