The Philadelphia Contributionship

What The Philadelphia Contributionship does

The Philadelphia Contributionship (TPC), legally The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, Inc., is a privately held mutual property insurance company founded in 1752 by Benjamin Franklin and headquartered at 210 South 4th Street in Philadelphia, Pennsylvania. It is the oldest property insurance company in the United States and operates through a corporate group under The Philadelphia Contributionship Mutual Holding Company, which includes The Philadelphia Contributionship Insurance Company, Germantown Insurance Company, Franklin Agency, First Insurance Company of America, and Vector Security. TPC generates revenue through recurring property and casualty insurance premiums across a focused product portfolio: homeowners insurance, landlord property insurance (1–4 unit rentals), condo and renters insurance, umbrella liability insurance, and flood insurance (offered through both NFIP and private markets via integration partners). Pricing is quote-based and tiered through programs such as Franklin Select, the Down to the Studs Program, and various multi-policy and loyalty discounts; premiums are billed annually or monthly. TPC distributes exclusively through a network of vetted independent insurance agents across Pennsylvania, New Jersey, Delaware, Maryland, and Virginia, supported by an agent portal (The Key) and digital self-service quoting on its website, with policyholders managing accounts through the MyKey portal and filing claims via the Xactimate ClaimXperience platform or drone-assisted inspections. The company has maintained an A.M. Best A- (Excellent) financial strength rating for over 100 years, with the outlook revised to Stable from Negative in June 2024, and is also rated A- Stable by Kroll Bond Rating Agency.

Name

The Philadelphia Contributionship

Legal name

The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, Inc.

Website

https://1752.com

Company type

Private

Founded year

1752

Operating status

Operating

Headcount range

101–250 employees

Short description

The Philadelphia Contributionship is a 1752-founded mutual property insurance company that underwrites homeowners, landlord, condo/renters, umbrella, and flood policies for individual property owners across Pennsylvania, New Jersey, Delaware, Maryland, and Virginia, distributing exclusively through independent agents and holding an A.M. Best A- rating for over 100 years.

Ownership category

akta.pro rank

Product category

Residential Property Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Flood Insurance (FSAJACAG), Renters Insurance (FSAJACAB), Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Claims Handling, Documentation & Dispute Resolution Services (HSAKANAI), Deductible/Waiver Options & Coverage Add-Ons (HSAKANAJ)

Keywords

• Property insurance
• Homeowners insurance
• Landlord insurance
• Flood insurance
• Umbrella liability insurance

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property and Casualty Insurance Premiums: TPC generates revenue through insurance premiums collected from policyholders. The company specializes in homeowners insurance, landlord property insurance, condo/renters insurance, umbrella liability insurance, and flood insurance. Premiums are collected on a subscription/recurring basis with annual or monthly billing.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

The Philadelphia Contributionship sells personal-lines residential property insurance, with a deliberately narrow product scope centered on homeowners, landlord (1–4 unit rentals), condo, renters, flood (NFIP and private), and umbrella liability coverage. Policies are quoted through a web-based self-service tool and bound exclusively via a network of independent insurance agents across Pennsylvania, New Jersey, Delaware, Maryland, and Virginia, while ongoing servicing and claims run through the MyKey policyholder portal and proprietary ClaimXperience electronic claims workflow.

Product overview

The Philadelphia Contributionship (TPC) is a property insurance specialist offering a focused portfolio of insurance products centered on homeowners, investment properties, and rental properties. The core product lineup consists of Homeowners Insurance Policies, Landlord Property Insurance, Flood Insurance, Condo & Renters Insurance, and Umbrella Liability Insurance. These are complemented by a range of add-on coverages and endorsements including the Basic Inland Flood Endorsement for low-risk properties. TPC does not offer auto, boat, or aircraft insurance, maintaining a narrow but deep product scope focused exclusively on residential property coverage. Discount programs including Franklin Select, Landlord Loyalty Credit, Homebuyer Loyalty Credit, and multi-policy discounts are available to help customers reduce premiums.

Differentiator

Problem solved

Functional benefit

Brands

• Franklin Select: A special pricing program that ensures qualified clients receive the lowest premiums based on prior claims history and insurance score tied to credit history.
• MyKey
• Down to the Studs Program
• The Key

Products and services

• Homeowners Insurance Policies Standard homeowners insurance protecting owner-occupied residences against covered damage to the structure and personal belongings, including personal liability coverage. Targeted at individual homeowners in Pennsylvania, New Jersey, Delaware, Maryland, and Virginia, and quoted through independent agents using The Key portal.
• Landlord Property Insurance Coverage for owners of 1–4 unit rental properties (apartments, condominiums, and single or multi-family homes) including liability, property protection, additional coverage options, and loss-of-rental-income protection. Targeted at landlords and real-estate investors in the Mid-Atlantic region.
• Flood Insurance Flood damage coverage available through FEMA's National Flood Insurance Program (NFIP) and AON Edge private flood policies. Quoting is integrated into The Key agent portal via the TPC Flood Button alongside homeowners quotes. Targeted at homeowners, landlords, condo owners, and renters in flood-exposed Mid-Atlantic locations.
• Condo & Renters Insurance Insurance policies for condominium unit owners to protect their financial interest in interior structures and personal belongings (separate from the HOA's building policy), and for renters to cover personal belongings and personal liability. Targeted at condo owners and renters in the Mid-Atlantic region.
• Umbrella Liability Insurance Personal umbrella liability insurance providing additional liability coverage and peace of mind beyond the limits of standard policies covering the home, cars, and other exposures. Targeted at high-net-worth homeowners and landlords who want protection against excess liability claims in a litigious environment.
• Unique Coverages and Endorsements Optional endorsements and add-on coverages that can be added to base TPC policies to customize coverage, including the Basic Inland Flood Endorsement for low-risk flood zones and other specialized protections. Targeted at TPC homeowners and landlord policyholders seeking tailored coverage.

Quantifiable outcome

• AM Best Financial Strength Rating of A- (Excellent), affirmed June 2024
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Vector SecuritycoreStrategic or Co-development PartnerVector Security is a home security company that is part of the TPC family of companies. TPC policyholders are eligible for a discount on Vector Security's monthly monitoring services. Vector Security is listed as one of TPC's affiliated companies on the About Us page.
• National Flood Service (NFS)coreTechnology or IntegrationNational Flood Service provides NFIP flood insurance program integration through TPC's Flood Button. The Flood Button provides seamless quoting and binding of NFIP flood policies within TPC's The Key agent portal.
• AON EdgecoreTechnology or IntegrationAON Edge provides private flood insurance policy options integrated into TPC's Flood Button. This complements the NFIP options from National Flood Service, giving agents and customers choice between government and private flood coverage.
• Franklin Agency, Inc.coreStrategic or Co-development PartnerFranklin Agency, Inc. is one of TPC's insurance affiliates and subsidiaries, listed under The Philadelphia Contributionship Mutual Holding Company corporate structure. The Franklin Select pricing program is named after this agency.
• The Philadelphia Contributionship Mutual Holding CompanycoreOthersParent holding company that includes TPC Holdings, Inc., The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, Inc., The Philadelphia Contributionship Insurance Company, Germantown Insurance Company, Franklin Agency, Inc., and First Insurance Company of America.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Allstate: National P&C insurer writing homeowners and auto across all of TPC's footprint. Competes with TPC for homeowners in Mid-Atlantic but offers a much broader product portfolio and direct-to-consumer channels.
• Travelers: One of the largest U.S. P&C insurers with a strong homeowners offering in the Mid-Atlantic. Overlaps with TPC on product and territory but operates as a broad incumbent with auto, commercial, and specialty lines.

Direct peers

• Selective Insurance Group: New Jersey-headquartered regional P&C carrier serving the Mid-Atlantic and Northeast through independent agents. Comparable to TPC in target geography, agent distribution, and standard personal lines focus.
• Donegal Group: Regional P&C holding company underwriting through Atlantic States and Michigan Farm Bureau brands. Comparable to TPC as a Mid-Atlantic regional property insurer with independent agent distribution and an A.M. Best A rating.
• Erie Insurance: Mid-Atlantic and Midwest regional mutual P&C insurer with a strong independent agent network. Closely comparable to TPC in mutual structure, agent-led distribution, property specialization, and A.M. Best financial strength.
• Cincinnati Financial: Ohio-based mutual P&C carrier with independent agent distribution. While geographically broader than TPC, it shares the mutual structure, A.M. Best financial strength, and agent-led property/ casualty focus.
• NJM Insurance Group: New Jersey-based mutual P&C insurer operating across the Mid-Atlantic. Like TPC, NJM is a policyholder-owned mutual with strong financial ratings and a focus on homeowners and auto coverage distributed through a controlled agency model.
• Penn National Insurance: Pennsylvania-based mutual P&C insurer with a strong homeowner book in the Mid-Atlantic. Similar to TPC in mutual ownership, regional concentration in PA and adjacent states, and property/umbrella product mix.

Emerging players

• Hippo Insurance: Insurtech homeowners carrier using data, smart-home sensors, and digital distribution. Emerging competitor to TPC targeting the same Mid-Atlantic homeowner segment with a tech-led, lower-touch model.

Others

• Vector Security (internal benchmark): Not a peer carrier but a sister company within TPC's mutual holding structure, providing home security monitoring with discounts for TPC policyholders. Adjacent ecosystem participant illustrating TPC's loss-prevention integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about The Philadelphia Contributionship