Franklin Mutual Insurance Company is a leading mutual insurance provider based in New Jersey, established in 1879. Here are key details about the company: - History and Structure: Originally incorporated as Franklin Farmers Mutual Fire Assurance Association, the company changed its name to Franklin Mutual Insurance Company in 1937[1]. It operates as a mutual company, meaning it is owned by its policyholders rather than shareholders[3]. - Business Operations: Franklin Mutual is licensed to operate only in New Jersey and conducts business through independent agents[1]. The company offers a range of insurance products, including homeowners and business insurance[3]. - Financial Performance: As of 2020, Franklin Mutual's assets had grown to $1.274 billion, with a total surplus of $963 million[1]. The company maintains a strong financial position, rated A (Excellent) by A.M. Best[3]. - Group Memberships: Franklin Mutual is the parent company of FMI Inc., which owns FMI Insurance Company and Fidelity Mohawk Insurance Company. These subsidiaries operate within the Franklin Mutual Insurance Group (FMIG)[1][5]. - Reinsurance and Risk Management: The company uses reinsurance to manage risk, purchasing obligatory first surplus reinsurance for property risks[1]. It also maintains a comprehensive insurance program to protect its assets and employees[1]. - Employee Benefits: Franklin Mutual sponsors a pension plan for its employees, based on years of service and compensation[1]. Additionally, it offers a profit-sharing plan[5]. For more information, you can visit their website or contact them directly at their Branchville, New Jersey office[4].