Stock Insurance Company

Definition

  • An incorporated insurance company where individual stockholders own shares of the corporation and receive earnings in the form of dividends.

Synonyms
publicly traded insurance company

Related Terms and Acronyms

  • Credit Union (CU) Acronym,
    • A non-profit, cooperative financial institution owned and controlled by the people who use its services, usually a group such as employees in the same company or industry. Credit unions historically have been able to offer lower rates and fees and still operate in the black. Credit unions rely on a financial reserve to absorb unexpected losses from loan defaults or other financial setbacks, and the majority of credit unions carry federal deposit insurance that protects individual accounts up to a specified amount in the event the credit union fails.
    Credit unions are member-owned, full service co-operative financial institutions.
  • Dividend Definition,
    • Distribution of earnings to shareholders. In credit unions, it's the money paid to members for deposits, similar to the interest banks pay to their customers for deposits.
  • Equity Definition,
    • Ownership in an asset.
    • The value of a property minus outstanding mortgage debt and other liens.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Loss Definition,
    • When expenses are larger than revenues.
  • Mutual Fund Definition,
    • A type of investment scheme that pools funds from multiple backers and invests them in securities such as stock or bonds.
  • Mutual Insurance Company Definition,
    • An insurance company where the each policyholder is a part owner of the company.
  • Profit Definition,
    • When revenues exceed expenses.
  • Segregated Fund Definition,
    • Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
  • Stock Definition,
    • A share of the ownership of a company.
  • With-Profits Policy Definition,
    • Insurance that pays the policyholder a portion of the insurer's profits.
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