The Mutual Difference


Why choose a Mutual Insurance Company?

So, what is a mutual insurance company, you ask? We are a community-based insurance company owned and run by our policyholders. We began operating over 150 years ago to meet the insurance needs of local farmers and have grown and expanded our insurance lines to include home, auto, and commercial insurance packages.

How are we different from other insurance companies?

Insurance that gives back

We strive to charge only what we need to, and if our Board of Directors deems that we have collected more than we need for the claims presented to us, we give back! We have mailed refund cheques 6 times in the last 10 years.

Proudly Canadian and owned by you

We are a Canadian company owned and run by our policyholders. Our board of directors are members of your community and are elected by our policyholders at our annual meeting. The board meets once a month to direct and guide the company.

Non-profit philosophy

We operate on a non-profit philosophy. Our sources of income are policy premiums and investment income, and our expenses consist of claims and administration costs. Any surplus remains in the company and benefits our policyholders by reducing their premiums and ensuring the financial stability of the company. This non-profit philosophy means your insurance dollar is working hard for you.

Strength in numbers

We are affiliated with a large group of mutual insurance companies, most of whom are like us, and have been operating for over 150 years. As a group, we are among the most financially secure insurers in the world and are one of the largest property insurers in Ontario.

We have the strength and stability that guarantees claims can be paid in the event of a disaster. Each mutual backs every other mutual through the Fire Mutuals Guarantee Fund and the Farm Mutual Reinsurance Plan Inc. which ensures that we will be there for you when you need us.

View our 2015 Financial Statement