Mutually Owned Insurance Companies

Mutually owned insurance companies are organizations owned by their policyholders, not shareholders. When you buy a policy, you become a member of the mutual and share in the company's profits through dividends or reduced premiums. These companies focus on serving their members' best interests rather than maximizing profits for investors. Because they are owned by policyholders, they often prioritize customer service and stability. Mutual insurers operate for the benefit of their members, providing insurance coverage, and may return surplus earnings back to policyholders or use them to improve services.