1.  Already, exchanges in Stockholm, Amsterdam, Athens, and Copenhagen have changed from mutual companies to corporations.

2.  Analysts say that Anthem is one of the few mutual companies in health care.

3.  Anthem, formerly a mutual insurance company based on the Blue Cross Blue Shield plans of Indiana and Kentucky, converted to investor ownership in November.

4.  Another very large Cap Cities shareholder is State Farm Insurance, a mutual company, which owns nine million shares.

5.  As a mutual company owned by policyholders, Met Life had, by definition, no publicly traded stock with which to reward executives.

6.  As a mutual company, Hancock is owned by its policy holders.

7.  As a mutual company, owned by its policyholders, Met Life has no stock to use in acquisitions.

8.  As a mutual company, Met Life is owned by its policy holders and does not have shareholders to pressure management to increase profits.

9.  As a mutual company, Swiss Life Group is owned by its policyholders.

10.  As mutual companies, the accumulated profits have traditionally been reserved for the benefit of policyholders.