Mutual life insurers are stuck in the mud. If you've pizzazz, you work for a stockholder-owned insurer. That was the refrain from stock insurers a few decades ago.rnWithout the shareholders' lash to whip them into shape and stock with which to buy rivals, policyholder-owned insurers were sure to get crushed by publicly traded rivals. So went the argument, and so began a flight from mutual ownership that included such stalwarts as Equitable, Prudential and Metropolitan.
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