Harrison becomes the 20th president in the company’s history, bringing extensive life insurance and operating leadership experience

PHILADELPHIA, Nov. 3, 2026 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual) today announces that Wade Harrison has joined the company as President.

Harrison will lead Penn Mutual’s Enterprise Leadership Team and oversee the company’s day-to-day business. He will continue advancing Penn Mutual’s strategy in service to the financial professionals and policyholders we support.

Harrison brings more than 30 years of life insurance experience to Penn Mutual. Prior to joining Penn Mutual, Harrison served as Vice Chairman and Chief Operating Officer of Protective Life. Throughout his career, Harrison has held leadership responsibilities spanning all key functions in a life insurer. He also brings experience leading a significant virtual workforce with office locations across the U.S.

Dave O’Malley will continue to serve as Chairman and Chief Executive Officer, leading Penn Mutual’s governance, investments, and strategy.

“Wade brings deep industry knowledge, extensive experience, and a strong connection to our purpose and commitment to mutuality,” said O’Malley. “I’m confident his leadership will help advance our strategy and position Penn Mutual for continued strength and long-term success.”

“I’m honored to join Penn Mutual and a company with such a distinguished history, clear sense of purpose, and enduring commitment to policyholders,” said Harrison. “I look forward to listening and learning from Penn Mutual’s employees and financial professionals, building strong relationships, and working together to build on the company’s momentum.”

Harrison holds a bachelor’s degree in actuarial science from the University of Illinois Urbana-Champaign and an MBA from Northwestern University’s Kellogg School of Management. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

About The Penn Mutual Life Insurance Company

For more than 175 years, Penn Mutual has been a trusted partner to financial professionals across the U.S., placing protection solutions at the center of building stronger financial futures for individuals, families, and businesses. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of financial professionals and their clients, including life insurance, annuities, wealth management, and institutional asset management. To learn more, including current financial strength ratings, visit pennmutual.com.

© 2026 The Penn Mutual Life Insurance Company, Philadelphia, PA

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Contact:
Stephanie Kensy
Enterprise Communications
Penn Mutual
corporatecommunications@pennmutual.com

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SOURCE The Penn Mutual Life Insurance Company