In light of the challenges our community faces due to recent storms, I find it important to reflect on the significance of mutual insurance companies like FMT Insurance, and what it truly means to be insured with a mutual.
When you choose to be insured by a mutual insurance company like FMT, you are not just a customer; you become a part-owner. This shared ownership brings a deeper responsibility and connection to the company’s success and service. Unlike stock insurance companies, which are owned by external shareholders and driven by profits, mutual insurers are fully focused on serving their policyholders—our owners. This means that our goal is to provide value directly to you, our insureds, without the need to generate returns for shareholders.
The mutual insurance model allows us to operate differently from stock companies. Our primary focus is on you, our policyholders, with no shareholders to satisfy. This structure enables us to prioritize long-term stability and service, not short-term gains. Whether it’s offering competitive rates, delivering exceptional claims service, or helping our communities, our efforts are directed toward benefitting our mutual owners—you.
One of the most important aspects of a mutual insurance company is policyholder surplus, which is the amount by which the company’s assets exceed its liabilities. This surplus is critical because it represents the financial strength and stability of the company. At FMT Insurance, we carefully manage our policyholder surplus to ensure we can meet the needs of our policyholders in both good times and bad.
A strong policyholder surplus is vital to the ongoing health of any mutual insurer. It provides a financial cushion that allows us to respond effectively to unexpected challenges—such as the recent storms that impacted so many in our community. When claims come in due to catastrophic events, the policyholder surplus ensures we can fulfill our promises to you quickly and efficiently.
Additionally, a well-managed surplus allows us to invest in the future of FMT Insurance, ensuring we continue to offer competitive premiums and maintain the level of service you expect. By focusing on financial stability, we can confidently weather market fluctuations and provide consistent protection for years to come. Our approach to managing surplus aligns with our core values of stability and service.
At FMT, we emphasize our core values of Family, Integrity, Service, and Stability in everything we do:
These past weeks have tested our resilience as a community. Lives have been lost, and the destruction has been overwhelming. In times like these, the value of being part of a mutual insurance company becomes evident. We are committed to providing swift, compassionate claims service to help our policyholders recover as quickly as possible. Our team is also engaged with local nonprofit organizations to provide additional support to those in need.
At FMT, we are more than just an insurance provider; we are your partners through every challenge life brings. We’re here to help—whether that’s offering financial support through a claim, connecting you to additional resources, or simply being a listening ear.
At FMT Insurance, we stand by our mission to provide good coverage at a fair price while delivering honest and fair service to our policyholders. Our mutual values ensure that your needs come first, and together, we work toward a shared purpose: protecting what matters most to you.
A well-managed policyholder surplus enables us to be there for you when it matters most. By choosing FMT, you are choosing more than an insurance company—you are choosing to be part of a community that prioritizes family, acts with integrity, serves with heart, and values stability above all.
We are here for you—now, and always.
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