A mutual company is an organization owned by its members, who are typically policyholders or customers. Synonyms for mutual company include cooperative, member-owned, customer-owned, and policyholder-owned organizations. These types of companies often operate in the financial or insurance sectors, ensuring that profits generated are distributed to members rather than shareholders. Another synonym for mutual company is "participating company," which is a term often used in the insurance industry. Participating companies are owned by policyholders who receive dividends from the company's profits. Overall, mutual companies prioritize the interests of their members and work towards ensuring their financial security and well-being.