With more than a century of business know-how to our name, Amica is the oldest mutual insurer of automobiles in the country. We also offer home, marine, personal umbrella liability and life insurance products. Our employees are the key to providing exceptional service to our loyal policyholders.

Because of Amica's high J.D. Power auto claims satisfaction score and low average amount of customer complaints with the National Association of Insurance Commissioners, Amica could be a great choice for drivers looking for top-notch customer service.

Key Takeaways. An insurance company owned by its policyholders is a mutual insurance company. A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Any profits from premiums and investments are distributed to its members via dividends or a reduction in premiums.

A mutual insurance company is one that is owned by its policyholders, not by outside investors. This makes it different from a stock insurance company, which is owned by shareholders and traded publicly. Both kinds of companies are in the business of selling insurance.

Overview. Established: 1907 – Amica is the oldest mutual insurer of automobiles in the United States. Company Profile: Amica is a direct writer of personal insurance with auto, homeowners, personal excess liability and marine coverages.

We are recognised as the most trusted household appliance brand in Europe, and are certified by the ISO for our quality.

The Benefits of a Mutual Insurance Company You'll receive dividends. Mutual insurance companies try to pay out dividends each year to policyholders. You may be able to use them to purchase additional coverage if you have a whole life insurance policy.

Mutual companies often distribute dividends or premium reductions to their members. It allows for a strategic focus within the company that is more vested in the customer/member rather than a traditional company that is more vested in the shareholder.

The primary mission of a mutual company is to protect members, by maintaining the capital needed to meet their needs and cover any insured losses - not to maximize profits for shareholders.

A mutual company is a private firm that is owned by its customers or policyholders. The company's customers are also its owners. As such, they are entitled to receive a share of the profits generated by the mutual company.

Amica is a global manufacturer of household appliances headquartered in Wronki, in western-central Poland. The company produces refrigerators, washing machines and dishwashers, vacuum cleaners, microwave ovens, electric stoves, kettles for the kitchen under the brands Hansa, CDA, Gram.

Amica Insurance has 3,781 employees, and the revenue per employee ratio is $1,428,193. Amica Insurance peak revenue was $5.4B in 2022.