In insurance, a company owned and controlled by stockholders. This contrasts with a mutual company, in which policyowners own rights in the company. (See also, "Mutual Insurance Company.")
An insurance company formed and capitalized through the sale of shares of stock. Those purchasing the stock are owners and share in the company's earnings. Common stockholders vote on the company's board of directors, on matters involving company policy, and may receive a distribution of earnings through stock dividends declared by the company. Compare to Mutual Company.
a company whose capital is represented by stock