What is a mutual?

A mutual insurance company is an organisation that offers its members collective self-insurance. It has no shareholders and is run entirely by its members. Members can control the level of their insurance coverage and acquire it at a lower cost by pooling their risks in a mutual insurance business.

Mutual’s do not have outside shareholders who extract earnings from the company in the form of dividends. Any surplus generated by a mutual is used solely for the benefit of its members.

Masonic Mutual is a business model that prioritises its members. While many organisations promise to put members at the centre of all they do, Masonic Mutual makes it a mandatory requirement.