insurance mutuals

Insurance mutuals are insurance companies owned by their policyholders rather than shareholders. When you buy a policy from a mutual, you become a part-owner of the company. Profits generated from premiums are typically reinvested into the mutual or used to reduce future premiums for members. Because mutuals prioritize member interests over profit, they often focus on providing reliable coverage, good customer service, and stable pricing. They operate democratically, with policyholders having a say in certain decisions, making them a community-oriented alternative to traditional stock insurance companies.