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Brotherhood Mutual Insurance Company

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uuid000ffxl

Namestring
Brotherhood Mutual Insurance Company
Legal namestring
Brotherhood Mutual Insurance Company
Company typeenum
Private
Founded yearint
1901
Descriptiontext

Brotherhood Mutual Insurance Company is a privately held Indiana stock insurance carrier that exclusively underwrites coverage and delivers HR-adjacent services to Christian ministries across the United States. Founded in 1901 and headquartered at 6400 Brotherhood Way, Fort Wayne, Indiana, the company is indirectly wholly owned by Brotherhood Mutual Holding Company and has served churches, K-12 schools, colleges, camps, and mission organizations for over a century. The core insurance portfolio comprises five lines—Property & Liability, Auto, Workers' Compensation, Mission Protection, and Accident—distributed through independent sales agents, a direct website quote channel, and the Brotherhood Works Insurance Services agency, which holds licensing in all 50 U.S. states. The company reports 67,000+ ministry customers and a workforce of 501-1,000 employees, and operates with a customer base that receives continuous service via a "My Account" self-service portal, multi-channel claims intake (portal, phone, after-hours), and a digital Safety Library containing more than 400 risk-management articles.

The company's service architecture is a branded two-segment platform. Under the Brotherhood Mutual insurance brand sit the five core insurance products. Adjacent to the carrier, a wholly-owned sub-brand ecosystem—Brotherhood Works, LLC (payroll and HR administration) and Brotherhood Works Insurance Services, LLC (employee benefits, including health, dental, vision, life, and a Mental Fitness program)—extends the relationship from risk transfer into people operations, supported by Background Screening, Missions Care and Faith Ventures travel claims, a Trusted Providers directory, Online Training, Weather Alerts, and a free Legal Assist service for bylaw and handbook reviews. The technology stack is conventional rather than proprietary: a website, customer portal, and claims system built around standard insurance workflows, with chatbot and session-replay tools layered onto the website for customer engagement and UX analytics; no public or partner-facing API, SDK, or AI/ML capability is documented. The company holds BBB Accredited Business status and aligns its digital content with WCAG 2.1 Level AA.

Brotherhood Mutual generates revenue primarily through recurring insurance premiums across its five lines and through subscription-like, fee-based revenue from payroll/HR administration and employee benefits services sold via Brotherhood Works. Pricing is quote-based and not publicly disclosed, varying by ministry type, size, coverage needs, location, and risk profile. Go-to-market combines independent insurance agents (selling across all 50 states via Brotherhood Works Insurance Services) with direct website lead capture ("Request a Quote") and a My Account customer portal for policyholders. Customer-facing sales, claims handling, and the content marketing engine (Safety Library, monthly newsletter, social presence on Facebook/Instagram/YouTube/LinkedIn, Online Training, and the Resilient Ministry risk-management publication) are coordinated from Fort Wayne.

Short descriptiontext

Brotherhood Mutual Insurance Company underwrites commercial property, liability, auto, workers' compensation, mission, and accident insurance—and provides payroll, HR, and employee benefits—to Christian churches, schools, colleges, camps, and mission organizations across the United States.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersFort Wayne, United States
HQ citystring
Fort Wayne
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial property insurance, ministry insurance programs, workers compensation coverage, church liability protection, HR and payroll services
Industry3 codes
1Nonprofit / Social Services BOP
CodeFSAJAFAMPrimaryYes
2Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness)
CodeHLAEAAAKPrimaryNo
3Self-Insured Workers’ Compensation Programs
CodeFSAJAEADPrimaryNo
NAICS code2 codes
  • Agencies, Brokerages, and Other Insurance Related Activities5242
  • Insurance Agencies and Brokerages524210
SIC code2 codes
  • Fire, Marine & Casualty Insurance6331
  • Accident & Health Insurance6321
Product category
Commercial Insurance for Ministries
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Insurance Premiums
TypeSubscription Recurring
Description

Property & Liability Insurance, Auto Insurance, Workers' Compensation, Mission Protection, and Accident Insurance products generate premium revenue from policyholders.

brotherhoodmutual.com
2Payroll & HR Services
TypeSubscription Recurring
Description

Brotherhood Works provides payroll processing and HR solutions as fee-based services to ministry clients.

brotherhoodmutual.com
3Employee Benefits Administration
TypeSubscription Recurring
Description

Health, dental, vision, life insurance, and mental fitness programs offered through Brotherhood Works Insurance Services with administrative fees.

brotherhoodmutual.com
4Background Screening Services
TypeProfessional Services
Description

Background check and screening services provided through Brotherhood Works.

brotherhoodmutual.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1Brotherhood Works
Description

Payroll & HR solutions and employee benefits services for Christian ministries

brotherhoodmutual.com
+2 more records
Core offering1 text field

Brotherhood Mutual Insurance Company provides commercial property and liability insurance, auto insurance, workers' compensation, accident insurance, mission protection coverage, and employee benefits to Christian ministries including churches, schools, colleges, camps, and mission organizations. The company also offers payroll, HR, and background screening services for ministry employers through its My Admin product suite.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • 67,000+ ministry customers served
Product overview1 text field

Brotherhood Mutual Insurance Company operates as a multi-product insurance and services company serving Christian ministries. The portfolio consists of two main segments: (1) Insurance products under the Brotherhood Mutual brand including Property & Liability Insurance, Auto Insurance, Workers' Compensation, Mission Protection, and Accident Insurance; and (2) Brotherhood Works, a sub-brand offering Payroll & HR Solutions, Employee Benefits (including Health, Life, Dental, Vision, and Mental Fitness), Background Screening, and Missions Care. Supporting these core offerings are resource services including a Safety Library with 400+ risk management articles, Online Training, Weather Alerts, Trusted Providers directory, and Legal Assist (free bylaw and handbook reviews for policyholders). The company also provides a My Account self-service portal for policyholders. The overall offering is a platform of interconnected insurance coverage and HR/people services designed specifically for churches, schools, colleges, camps, and mission organizations.

Product and service1 record
1Property & Liability Insurance
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierSupportingTypeOthers
Description

Emergency flood, fire, and smoke recovery service partnership. ServiceMaster Restore provides rapid response and skilled professionals for water damage claims, available 24/7/365 through the ServiceMaster Central Hub.

Strategic tierSupportingTypeOthers
Description

Auto glass damage and service provider for auto insurance claims. Customers can contact Safelite directly at 800-382-2926 for auto glass claims service.

Strategic tierCoreTypeOthers
Description

Mission travel team partner for filing travel insurance claims for medical or trip incidents related to mission work. Contact at 888-674-4074.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Largest direct competitor specializing in property and liability insurance for religious organizations, camps, schools, and senior living facilities. Highly comparable given overlapping ministry focus and product breadth.

TypeDirect peer
Description

Specialty mutual insurer focused on churches, schools, and nonprofit organizations, offering property, liability, and workers' compensation products. Closely aligned specialty niche and customer base.

TypeEmerging player
Description

Specialty commercial insurer serving nonprofit, religious, and human-services organizations with property and liability coverage. Relevant given shared specialty nonprofit vertical, though broader customer mix.

TypeEmerging player
Description

Program manager and specialty insurer serving nonprofits, religious institutions, and camps with tailored coverage. Comparable in specialty niche focus and program-administration model.

TypeBroad incumbent
Description

Major broad-line P&C carrier with a dedicated nonprofit and religious organization practice. Comparable product lines (commercial P&C, workers' comp, auto) though much broader portfolio.

TypeBroad incumbent
Description

Large mutual insurer offering commercial and specialty coverage to nonprofits and religious organizations. Competes in adjacent lines but lacks Brotherhood Mutual's exclusive ministry focus.

TypeOthers
Description

Insurance brokerage and risk management firm arranging coverage for religious and nonprofit clients. Comparable distribution and advisory layer, though operates as intermediary rather than carrier.

TypeOthers
Description

Large insurance brokerage placing coverage for religious institutions, schools, and nonprofits. Comparable customer base and risk advisory orientation, though not a direct insurance underwriter.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Brotherhood Mutual Insurance Company

Commercial Insurance for Ministriesbrotherhoodmutual.com

Brotherhood Mutual Insurance Company underwrites commercial property, liability, auto, workers' compensation, mission, and accident insurance—and provides payroll, HR, and employee benefits—to Christian churches, schools, colleges, camps, and mission organizations across the United States.

What Brotherhood Mutual Insurance Company does

Brotherhood Mutual Insurance Company is a privately held Indiana stock insurance carrier that exclusively underwrites coverage and delivers HR-adjacent services to Christian ministries across the United States. Founded in 1901 and headquartered at 6400 Brotherhood Way, Fort Wayne, Indiana, the company is indirectly wholly owned by Brotherhood Mutual Holding Company and has served churches, K-12 schools, colleges, camps, and mission organizations for over a century. The core insurance portfolio comprises five lines—Property & Liability, Auto, Workers' Compensation, Mission Protection, and Accident—distributed through independent sales agents, a direct website quote channel, and the Brotherhood Works Insurance Services agency, which holds licensing in all 50 U.S. states. The company reports 67,000+ ministry customers and a workforce of 501-1,000 employees, and operates with a customer base that receives continuous service via a "My Account" self-service portal, multi-channel claims intake (portal, phone, after-hours), and a digital Safety Library containing more than 400 risk-management articles.

The company's service architecture is a branded two-segment platform. Under the Brotherhood Mutual insurance brand sit the five core insurance products. Adjacent to the carrier, a wholly-owned sub-brand ecosystem—Brotherhood Works, LLC (payroll and HR administration) and Brotherhood Works Insurance Services, LLC (employee benefits, including health, dental, vision, life, and a Mental Fitness program)—extends the relationship from risk transfer into people operations, supported by Background Screening, Missions Care and Faith Ventures travel claims, a Trusted Providers directory, Online Training, Weather Alerts, and a free Legal Assist service for bylaw and handbook reviews. The technology stack is conventional rather than proprietary: a website, customer portal, and claims system built around standard insurance workflows, with chatbot and session-replay tools layered onto the website for customer engagement and UX analytics; no public or partner-facing API, SDK, or AI/ML capability is documented. The company holds BBB Accredited Business status and aligns its digital content with WCAG 2.1 Level AA.

Brotherhood Mutual generates revenue primarily through recurring insurance premiums across its five lines and through subscription-like, fee-based revenue from payroll/HR administration and employee benefits services sold via Brotherhood Works. Pricing is quote-based and not publicly disclosed, varying by ministry type, size, coverage needs, location, and risk profile. Go-to-market combines independent insurance agents (selling across all 50 states via Brotherhood Works Insurance Services) with direct website lead capture ("Request a Quote") and a My Account customer portal for policyholders. Customer-facing sales, claims handling, and the content marketing engine (Safety Library, monthly newsletter, social presence on Facebook/Instagram/YouTube/LinkedIn, Online Training, and the Resilient Ministry risk-management publication) are coordinated from Fort Wayne.

Brotherhood Mutual Insurance Company firmographics

Firmographics
Name
Brotherhood Mutual Insurance Company
Legal name
Brotherhood Mutual Insurance Company
Website
https://brotherhoodmutual.com
Company type
Private
Founded year
1901
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Brotherhood Mutual Insurance Company underwrites commercial property, liability, auto, workers' compensation, mission, and accident insurance—and provides payroll, HR, and employee benefits—to Christian churches, schools, colleges, camps, and mission organizations across the United States.
Ownership category
akta.pro rank

Brotherhood Mutual Insurance Company industry classification

Industry
Product category
Commercial Insurance for Ministries
NAICS
Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)
SIC
Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)
akta.pro primary industry
Nonprofit / Social Services BOP (FSAJAFAM)
akta.pro secondary industries
Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK), Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

  • Commercial property insurance
  • Ministry insurance programs
  • Workers compensation coverage
  • Church liability protection
  • HR and payroll services

Where Brotherhood Mutual Insurance Company is headquartered

Location

Headquarters

HQ city
Fort Wayne
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Brotherhood Mutual Insurance Company business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

  1. Insurance Premiums: Property & Liability Insurance, Auto Insurance, Workers' Compensation, Mission Protection, and Accident Insurance products generate premium revenue from policyholders.
  2. Payroll & HR Services: Brotherhood Works provides payroll processing and HR solutions as fee-based services to ministry clients.
  3. Employee Benefits Administration: Health, dental, vision, life insurance, and mental fitness programs offered through Brotherhood Works Insurance Services with administrative fees.
  4. Background Screening Services: Background check and screening services provided through Brotherhood Works.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Brotherhood Mutual Insurance Company product offering

Product offering

Core offering

Brotherhood Mutual Insurance Company provides commercial property and liability insurance, auto insurance, workers' compensation, accident insurance, mission protection coverage, and employee benefits to Christian ministries including churches, schools, colleges, camps, and mission organizations. The company also offers payroll, HR, and background screening services for ministry employers through its My Admin product suite.

Product overview

Brotherhood Mutual Insurance Company operates as a multi-product insurance and services company serving Christian ministries. The portfolio consists of two main segments: (1) Insurance products under the Brotherhood Mutual brand including Property & Liability Insurance, Auto Insurance, Workers' Compensation, Mission Protection, and Accident Insurance; and (2) Brotherhood Works, a sub-brand offering Payroll & HR Solutions, Employee Benefits (including Health, Life, Dental, Vision, and Mental Fitness), Background Screening, and Missions Care. Supporting these core offerings are resource services including a Safety Library with 400+ risk management articles, Online Training, Weather Alerts, Trusted Providers directory, and Legal Assist (free bylaw and handbook reviews for policyholders). The company also provides a My Account self-service portal for policyholders. The overall offering is a platform of interconnected insurance coverage and HR/people services designed specifically for churches, schools, colleges, camps, and mission organizations.

Differentiator

Problem solved

Functional benefit

Brands

  • Brotherhood Works: Payroll & HR solutions and employee benefits services for Christian ministries
  • Legal Assist
  • MinistryFirst

Products and services

  • Property & Liability Insurance

Quantifiable outcome

  • 67,000+ ministry customers served

Companies that use Brotherhood Mutual Insurance Company

Customer profile

Named customers3 records

Segments5 records

Ideal customer profiles2 records

Brotherhood Mutual Insurance Company technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Brotherhood Mutual Insurance Company partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered supporting and core.

  • ServiceMaster RestoresupportingOthersEmergency flood, fire, and smoke recovery service partnership. ServiceMaster Restore provides rapid response and skilled professionals for water damage claims, available 24/7/365 through the ServiceMaster Central Hub.
  • SafelitesupportingOthersAuto glass damage and service provider for auto insurance claims. Customers can contact Safelite directly at 800-382-2926 for auto glass claims service.
  • Faith VenturescoreOthersMission travel team partner for filing travel insurance claims for medical or trip incidents related to mission work. Contact at 888-674-4074.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Brotherhood Mutual Insurance Company competitors and assessment

Company assessment

Direct peers

  • Church Mutual Insurance Company: Largest direct competitor specializing in property and liability insurance for religious organizations, camps, schools, and senior living facilities. Highly comparable given overlapping ministry focus and product breadth.
  • GuideOne Insurance: Specialty mutual insurer focused on churches, schools, and nonprofit organizations, offering property, liability, and workers' compensation products. Closely aligned specialty niche and customer base.

Emerging players

  • Philadelphia Insurance Companies: Specialty commercial insurer serving nonprofit, religious, and human-services organizations with property and liability coverage. Relevant given shared specialty nonprofit vertical, though broader customer mix.
  • Glatfelter Insurance Group: Program manager and specialty insurer serving nonprofits, religious institutions, and camps with tailored coverage. Comparable in specialty niche focus and program-administration model.

Broad incumbents

  • Liberty Mutual Insurance: Major broad-line P&C carrier with a dedicated nonprofit and religious organization practice. Comparable product lines (commercial P&C, workers' comp, auto) though much broader portfolio.
  • Nationwide Mutual Insurance Company: Large mutual insurer offering commercial and specialty coverage to nonprofits and religious organizations. Competes in adjacent lines but lacks Brotherhood Mutual's exclusive ministry focus.

Others

  • Arthur J. Gallagher & Co. Insurance brokerage and risk management firm arranging coverage for religious and nonprofit clients. Comparable distribution and advisory layer, though operates as intermediary rather than carrier.
  • Lockton Companies: Large insurance brokerage placing coverage for religious institutions, schools, and nonprofits. Comparable customer base and risk advisory orientation, though not a direct insurance underwriter.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Brotherhood Mutual Insurance Company social profiles

Digital presence

Brotherhood Mutual Insurance Company compliance and trust

Trust signal

Compliance2 records

Brotherhood Mutual Insurance Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Brotherhood Mutual Insurance Company leadership team

Management profile

Number of profiles

Profiles2 records

Brotherhood Mutual Insurance Company subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Brotherhood Mutual Insurance Company funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Brotherhood Mutual Insurance Company M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brotherhood Mutual Insurance Company

What does Brotherhood Mutual Insurance Company do?

Brotherhood Mutual Insurance Company provides commercial property and liability insurance, auto insurance, workers' compensation, accident insurance, mission protection coverage, and employee benefits to Christian ministries including churches, schools, colleges, camps, and mission organizations. The company also offers payroll, HR, and background screening services for ministry employers through its My Admin product suite.

Is Brotherhood Mutual Insurance Company a public or private company?

Brotherhood Mutual Insurance Company is a private company. It is classified as corporate owned and is currently operating.

When was Brotherhood Mutual Insurance Company founded?

Brotherhood Mutual Insurance Company was founded in 1901. It employs 501 to 1,000 people.

Where is Brotherhood Mutual Insurance Company based?

Brotherhood Mutual Insurance Company is headquartered in Fort Wayne, United States, in the North America region.

How does Brotherhood Mutual Insurance Company make money?

Four revenue lines are on record. Insurance Premiums are the primary driver. The others are payroll & HR Services, employee Benefits Administration and background Screening Services.

Who are Brotherhood Mutual Insurance Company's main competitors?

Direct peers on record are Church Mutual Insurance Company and GuideOne Insurance. Emerging players are Philadelphia Insurance Companies and Glatfelter Insurance Group. Broad incumbents are Liberty Mutual Insurance and Nationwide Mutual Insurance Company. Others are Arthur J. Gallagher & Co. and Lockton Companies.

Does Brotherhood Mutual Insurance Company have an API?

No public API is recorded for Brotherhood Mutual Insurance Company.

What industry is Brotherhood Mutual Insurance Company in?

Brotherhood Mutual Insurance Company's product category is Commercial Insurance for Ministries. Its primary akta.pro industry code is FSAJAFAM, Nonprofit / Social Services BOP, with a secondary code of HLAEAAAK, Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness). Its NAICS code is 5242 and its SIC code is 6331.

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Live signals
Insurance Business AmericaOhio court backs Brotherhood Mutual, blocks reopening of binding appraisalThe Supreme Court of Ohio ruled on July 23, 2026, that One Church could not reopen a binding appraisal award after discovering additional hidden damages, reinstating dismissal of the church's lawsuit against Brotherhood Mutual Insurance Company. The court held that the church's settlement of $312,371.98 for storm damage in August 2020 was final, and a vague claim of newly found damage does not qualify as the manifest mistake required to unwind an appraisal. One justice dissented, arguing the appraisal should have covered only damage known and discoverable at the time.FinancialContent Business PageAM Best Revises Issuer Credit Rating Outlook to Stable for Brotherhood Mutual Insurance CompanyAM Best has revised the outlook to stable from negative for Brotherhood Mutual Insurance Company's Long-Term Issuer Credit Rating, while affirming its Financial Strength Rating at B++ (Good) and Long-Term ICR at "bbb+" (Good). The outlook change reflects improved balance sheet strength fundamentals, including very strong risk-adjusted capitalization driven by favorable underwriting results and strong investment income from the company's robust investment portfolio. The improvement follows management's efforts to improve profitability through implementing wind and hail deductibles in coastal areas, rate increases, enhanced reinsurance, and tighter underwriting guidelines.CoveragerBrotherhood Works partners with Forte to offer mental fitness training for ministry leadersBrotherhood Works, a brand of Brotherhood Mutual, partnered with Forte to provide mental fitness training and coaching for pastors and ministry leaders. The alliance aims to address burnout, citing Barna research that 24% of pastors are at high risk. Brotherhood Mutual serves over 67,000 churches and 7,000 ministries.PR NewswireBrotherhood Mutual Reports Strong Year Amid Global PandemicBrotherhood Mutual Insurance Company, a property and casualty insurer serving Christian ministries headquartered in Fort Wayne, Indiana, announced strong financial results for 2020 with net income of $3.2 million and surplus rising to $298 million, driven by growth in premiums earned and investments. The company also provided pandemic-related financial relief to policyholders, returning $3.7 million in liability premiums and releasing $1.3 million in annual dividends earlier than scheduled. Brotherhood Mutual is completing a $25.5 million expansion to its Fort Wayne headquarters and plans to add 300 employees over the next decade to support continued growth.PR NewswireMore Money Is Stolen From Churches Annually Than Is Spent on Missionary WorkBrotherhood Mutual, an insurance company serving religious institutions, reported that over $39 billion was stolen from churches in 2014, surpassing the $35 billion churches spent on missionary work that same year. The article cites the Association of Certified Fraud Examiners, which estimates nonprofits lose 5-7% of annual revenues to fraud and theft. CPA Lisa London provides three fraud prevention steps for organizations, including dual-control money handling and separation of bank account access from donor records.