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Stock Insurance Company
(redirected from Stock Insurance Companies)

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Stock insurance company
An insurance company owned by a group of stockholders, who are not necessarily policyholders.

Stock Insurance Company
A publicly-traded insurance company. Shareholders in a stock insurance company may be, but are not necessarily, policyholders.


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The suit, which was initiated in February 1997, challenges the constitutionality of the Pennsylvania statute under which three of the Old Guard insurance companies converted from mutual insurance companies to stock insurance companies in February 1997.
In 2001 and 2002, the Company formed a mutual holding company structure, whereby the three principal mutual insurance companies, Liberty Mutual Insurance Company, Liberty Mutual Fire Insurance Company and Employers Insurance Company of Wausau, each became separate stock insurance companies under the ownership of Liberty Mutual Holding Company Inc.
The Donegal Group offer had contemplated acquisition of Old Guard from the policyholders of Insured Companies simultaneously with the conversion of the Insurance Companies into stock insurance companies under the Pennsylvania Mutual-to-Stock Conversion Act.
 
 
 
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