Physicians Mutual
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Physicians Mutual
Physicians Mutual is a mutual insurance company headquartered in Omaha, Nebraska, United States. It consists of Physicians Mutual Insurance Company and Physicians Life Insurance Company.Our Story' Today the company offers a variety of insurance products, Medicare, Medigap, Medicare Supplement, Dental InsuranceTerm Life Insurance, Whole Life Insurance, and cancer and funeral pre-planning services. In 2022, it began to offer Pet Insurance. The company holds over US$4 billion in assets and employs over 1000 people, and has Rob Reed as its president and chief executive officer. History * 1902 - Founded as Physicians Mutual Insurance Company by Edwin E. Elliott, Physicians Mutual began by selling health insurance to medical professionals. * 1962 - Policies were offered to the general public. * 1970 - The company expanded into life insurance when it founded Physicians Life Insurance Company. * 2012 - To better address the increasing demands of funeral home owners and the famil ...
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Privately Held
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ...
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