Dryden Mutual is
organized as a NYS co-operative fire insurance company. This means the
company does not issue stock and is not a publicly traded company. Like
other “co-op” organizations in the business world, Dryden Mutual does
not exist to make profits for stockholders, but instead exists for the
benefit of our policyholder owners.
Profits made by the company are re-invested in building up our capital
base Our capital base, technically referred to as policyholder surplus,
is required to provide a cushion of security to ensure our ability to
pay legitimate claims on a timely basis. As our capital base expands, it
also serves and supports even more customers. We do not pay dividends
directly, but use profits to keep rates as steady as possible.
Dryden Mutual’s employees and directors are thoroughly committed to
supporting the New York State economy through efficient transfer of risk
for local families and businesses.