| 31. | State Farm benefits in a price war from being a mutual company, owned by its policyholders.
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| 32. | Furthermore, a mutual company is able to focus on a longer horizon than a typical company.
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| 33. | It would be great if you could add MassMutual into your list of stalwart Mutual Companies.
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| 34. | Further, Vanguard is fairly unusual in the mutual fund arena in that it's a mutual company.
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| 35. | For all that activity, some specialists say mutual companies might be smarter to hold off conversions.
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| 36. | That, many analysts said, sharply reduced the pool of executives from which mutual companies could recruit.
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| 37. | Because it is a mutual company, owned by its shareholders, Prudential does not report quarterly earnings.
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| 38. | The insurance industry, including many giant mutual companies owned by their policyholders, has been in flux.
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| 39. | But insurance experts say policyholders have rarely, if ever, exerted meaningful influence on mutual company operations.
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| 40. | As a mutual company, owned by its policyholders, Met Life has no stock to use in acquisitions.
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