A lower bound for the ADM mass is established in terms of angular momentum, charge, and horizon area in the context of maximal, axisymmetric initial data for the Einstein-Maxwell equations which satisfy the weak energy condition. If, on the horizon, the given data agree to a certain extent with the associated model Kerr-Newman data, then the inequality reduces to the conjectured Penrose inequality with angular momentum and charge. In addition, a rigidity statement is also proven whereby equality is achieved if and only if the data set arises from the canonical slice of a Kerr-Newman spacetime.M. Khuri acknowledges the support of NSF Grant DMS-1708798.