About Mutual Companies

How Are Mutual Companies Unique?

Serving Policyholders, Not Shareholders

Bear River Mutual is part of a tradition that began in 1752 when Benjamin Franklin founded the first mutual insurance company. Franklin’s Fire Insurance Company of North America pooled the funds of Philadelphia property owners who paid premiums to protect their mutual interests in the event of fire. When no fires occurred in its first year of operation, all premiums were returned to policy holders.

learn more about mutual companies at namic.orgMutual Companies Are Owned by the Policyholders

At Bear River Mutual, our policyholders are the owners of the company. Premiums are paid into a common fund to cover policyholders’ claims. We keep our operating costs low and positive earnings are passed on to our members through lower-than-average insurance rates.

Unlike for-profit insurance companies, Bear River Mutual’s allegiance has always been to policyholders rather than outside stockholders. We continue to make insurance affordable and accessible, and pride ourselves in assuring ethical, high-quality service.

Adhering to these core values and business principles has helped Bear River Mutual grow into one of the strongest and most respected mutual companies in the nation. In 2016, the company wrote over $140,000,000 in premiums for our friends and neighbors across Utah. Consumer and industry reports continue to recognize Bear River Mutual’s financial strength, stability and bright future.

Bear River Mutual is a member of NAMIC – National Association of Mutual Insurance Companies. Learn more at www.namic.org.