A Mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders: this ownership either extends to all its policyholders or is restricted to certain classes of policyholders.
A Mutual insurance company is an insurance company. This insurance company has no shareholders. This insurance company is owned entirely by its policyholders. This ownership either extends to all its policyholders. This ownership either is restricted to certain classes of policyholders.