Mutual insurance companies are owned by their policyholders and cannot raise capital with the sale of stock. Mutual companies must save reserves for policyholder protection with more conservative financial practices. This ultimately means mutual companies take less risk with the premiums you pay for your insurance.

The unique structure of a mutual insurance company allows its goals to be created with a long-term view in mind. Mutual companies measure the achievement of those goals by policyholder value, as opposed to public companies whose ultimate objective is to provide shareholder value.

Our history proves that our mutual insurance model is best. We have been faithfully handling insurance in Michigan since 1908 and have continued to grow because of the respect we have earned with our policyholders. The same financial cautions and transparency we have used for ages past will continue to give our policyholders assurance that they will be protected long into the future. That’s why Pioneer State Mutual Insurance company is truly “insurance, the way it should be.”