As previously communicated, Frankenmuth Insurance, the parent company of Patriot Insurance Company, successfully converted to a mutual holding company structure, effective January 1, 2023.
This includes 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, the company will continue to uphold the principles and culture of a mutual company, owned by its members. Our valued agency partners, and policyholders alike, can expect the same exceptional service and products you have come to expect.
This conversion has no impact on our partnership with your agency, and there will be no changes to rates, coverages, or obligations to our policyholders.
We’re excited about the future of Frankenmuth Insurance and Patriot Insurance Company under this new corporate structure and are so happy you’re on this journey with us. Cheers to the New Year!
