Frankenmuth Insurance converted to a mutual holding company structure, effective January 1, 2023.
The conversion resulted in the formation of a new mutual holding company called Frankenmuth Mutual Holding Company, which will continue to be owned by its members (policyholders). Additionally, the property and casualty insurance company, Frankenmuth Mutual Insurance Company, converted to a wholly owned stock subsidiary of Frankenmuth Holdings, Inc. and changed its name to Frankenmuth Insurance Company. The company will continue to present itself in the marketplace as Frankenmuth Insurance.
From an operations standpoint, Frankenmuth Insurance will continue to uphold the principles and culture of a mutual company, owned by its members. Agency partners and policyholders alike can expect the same exceptional service and products they have come to expect from the company.
“We’re excited about the new corporate structure and the strategic opportunities it provides,” said Fred Edmond, President and CEO of Frankenmuth Insurance. “This conversion