A mutual insurance company is an insurance company that is owned by its customers. If the company is profitable, the profits are returned to the customers. This is different from other insurance companies, which are public companies.
References[change | change source]
- "Mutual Benefits Assurance PLC". www.bloomberg.com. Retrieved 2021-06-15.
- "Mutual Insurance Company - Overview, History, How It Works". Corporate Finance Institute. Retrieved 2021-06-15.