A company owned by its policyholders that returns part of its profits to the policyholders as dividends. The insurer uses the rest as a surplus cushion in case of large and unexpected losses.

"Mutual Insurance Company" In Context

"Nationwide Mutual Insurance Company (Nationwide) has completed its previously announced agreement to combine with Harleysville Mutual Insurance Company (“Harleysville Mutual”) and Harleysville Group Inc. (NASDAQ:HGIC - News) (“Harleysville Group”)."