David O’Malley

President and Chief Operating Officer
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David O’Malley

David O’Malley is the president and chief operating officer for The Penn Mutual Life Insurance Company and has overall responsibility for all of the company’s operating areas, which ensures a seamless experience for both financial professionals and clients.

Mr. O’Malley joined Penn Mutual’s investment department in 1994. His expertise in Investments, derivatives and asset-liability management has been instrumental in managing the company’s balance sheet.

Mr. O’Malley became a member of Penn Mutual’s executive team in 2006 and has held the roles of Chief Risk Officer and Chief Financial Officer.

Mr. O’Malley is also chairman and chief executive officer of Penn Mutual Asset Management, and President of the Penn Series Funds, Inc.

Stories by David O’Malley

Penn Mutual’s Accelerated Client Experience (ACE) Sets the Digital Pace for the Industry

By David O’Malley | February 7, 2019

By the numbers, Penn Mutual’s award-winning Accelerated Client Experience (ACE) tells a compelling success story, setting the pace for the life insurance industry. ACE is cutting edge for the industry, a completely electronic, seamless end-to-end digital experience — no paper or pencil needed. ACE’s accelerated underwriting requires no medical testing for many individuals and can take as little as 24 hours from application to payment, compared to an industry average of 30 days or more.

Penn Mutual Revolutionizes the Purchasing of Life Insurance with a New Automated, Accelerated Experience

By David O’Malley | September 8, 2017

Penn Mutual achieved a major milestone this week when we processed our first life insurance policy on our innovative, new accelerated client experience. The new client experience requires no medical testing for many individuals and can take as little as 24 hours from application to payment, compared to an industry average of 30 days or more! The experience eliminates all the paperwork and delays that slow the current life insurance application, underwriting and policy delivery process.

Once Again, Penn Mutual Increases Dividend Award

By David O’Malley | November 22, 2016

Penn Mutual announced its dividend award payout for 2017, which will be $58 million to our policyholders – an almost 21 percent increase from last year’s payout of $48 million. Since the financial crisis in 2008, Penn Mutual has increased or maintained its dividend scale every year. And over the past six years, Penn Mutual has increased the dividend award payout. Penn Mutual is the only company among other major whole life competitors that has not decreased its dividend scale in the post-recession era.

Exploring the Future of Life Insurance at Google

By David O’Malley | August 16, 2016

I recently attended a gathering of insurance industry executives at Google’s headquarters in Mountain View, California. At the meeting, there was a broad consensus among us that the world is changing and the insurance industry needs to change with it.

Penn Mutual’s 2016 Dividend Award Marks Eighth Consecutive Year Its Dividend Scale Has Been Increased or Maintained

By David O’Malley | November 23, 2015

This year’s dividend award payout is a testament to Penn Mutual’s enduring financial strength, supported by a long-term perspective and prudent management approach.

Life Insurance Dividends and Financial Strength

By David O’Malley | November 12, 2015

Penn Mutual will be declaring its annual dividend on November 20. We’ve paid a dividend every year since we were founded in 1847, a solid history that has served our policyholders well.

College Planning for Kindergartners

By David O’Malley | September 22, 2015

It’s never too early to start planning for college, or too late. If you’re a parent of a kindergartner, here is what you need to know for planning for college.

Understanding Your Life Insurance Policy: Why the Dividends Matter

By David O’Malley | October 21, 2014

In a few weeks, Penn Mutual will be declaring our annual dividend to our policyholders-something we’re very used to doing! In fact, we’ve paid a dividend every year since we were founded in 1847, a history we’re proud of.