Mutual Insurance Company
An insurance company owned by its policyholders, where profits may support stability, services, or dividends.
Policyholder
A person or business that owns an insurance policy and, in a mutual company, is also an owner-member.
Policyholder Dividend
A return of premium that may be paid to eligible policyholders when company results and bylaws allow.
Surplus
The financial cushion a mutual insurer holds beyond expected liabilities to support claim-paying ability.
Reinsurance
Insurance purchased by an insurer to help manage large losses and stabilize results.
Board of Directors
A group elected to oversee company governance, strategy, and financial stewardship.