NHRMA Mutual

What NHRMA Mutual does

NHRMA Mutual Insurance Company, formed in 1987 in Champaign, Illinois, is a member-owned mutual insurance company providing workers' compensation coverage exclusively to the long-term care and human services industry. The firm converted to a mutual structure in 2005 and is governed by a member-elected Board of Directors comprised of owners and industry veterans, aligning member costs directly with individual claims experience rather than shareholder returns.

Coverage is tailored to a clearly defined vertical: licensed nursing facilities, assisted living/supportive living facilities, retirement and residential living communities, ICF-DD facilities, group homes and workshops, developmentally disabled day training programs, home health and hospice agencies, children's homes, and human service organizations. NHRMA complements its core workers' comp product with embedded loss control and risk management services (on-site risk assessments, hands-on training via certified health and safety professionals, defensive driving courses, and alternative duty/early return-to-work programs), responsive claims management featuring dedicated indemnity and medical-only adjusters per member, and a proprietary Core Practices methodology covering post-offer physicals, post-incident drug testing, designated medical providers, and safety committee frameworks.

Revenue is generated primarily through workers' compensation insurance premiums from member organizations, with member-specific pricing driven by claims history and risk profile, supplemented by integrated risk management and loss control services bundled into coverage. Distribution runs through licensed broker/agent networks (no agent contracts required, brokers set their own commission) plus deep trade association referral channels (IHCA, INHAA, LeadingAge, Illinois Association of Rehabilitation Facilities), while member-facing servicing runs on third-party platforms: Origami Risk for claims submission, ProfitStars SmartPay Express for online premium payment, and Mediprocity for payroll audit forms.

Name

NHRMA Mutual

Legal name

NHRMA Mutual Insurance Company

Website

https://nhrma.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

NHRMA Mutual is a member-owned mutual insurance company providing workers' compensation coverage and risk management services exclusively to long-term care and human services organizations across multiple U.S. states.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

• Workers compensation insurance
• Mutual insurance company
• Risk management services
• Long-term care insurance
• Claims management services

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Workers' Compensation Insurance Premiums: NHRMA Mutual generates revenue through workers' compensation insurance premiums from member organizations. As a mutual insurance company, members are owners and the cost is directly dependent on their claims experience, creating alignment between the company and members.
2. Risk Management and Loss Control Services: Integrated risk management services including on-site training, risk assessments, and safety program development provided as part of the insurance coverage to help reduce claims frequency and costs.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

NHRMA Mutual provides workers' compensation insurance coverage exclusively to long-term care providers, including nursing homes, assisted living facilities, retirement/residential living communities, ICF-DD facilities, group homes, children's homes, home health care agencies, hospice agencies, and human service organizations. Coverage is bundled with integrated loss control, risk management services, responsive claims management, payroll audit, and online premium payment.

Product overview

NHRMA Mutual is a member-owned, mutual insurance company providing workers' compensation coverage exclusively for the long-term care industry. Their core product is Workers' Compensation Insurance Coverage, which is bundled with complementary service modules including Loss Control & Risk Management Services (on-site training, risk assessments, defensive driving courses, return-to-work programs), Responsive Claims Management (dedicated adjusters, employee advocacy, alternative duty planning), Payroll Audit services, and Online Payment functionality. The company operates on a member-owned model governed by an elected Board of Directors.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance Coverage

Quantifiable outcome

• 35+ years of proven experience in workers' compensation insurance for long-term care
• +1 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Illinois Healthcare Association (IHCA)coreStrategic or Co-development PartnerNHRMA Mutual takes pride in supporting the Illinois Healthcare Association, one of the state's leading healthcare advocacy organizations for long-term care providers.
• Illinois Association of Rehabilitation FacilitiescoreStrategic or Co-development PartnerNHRMA Mutual supports the Illinois Association of Rehabilitation Facilities, an organization serving facilities for individuals with developmental disabilities.
• Illinois Nursing Home Administrators Association (INHAA)coreStrategic or Co-development PartnerNHRMA Mutual is a supporter of INHAA, the professional association for nursing home administrators in Illinois.
• LeadingAgecoreStrategic or Co-development PartnerNHRMA Mutual supports LeadingAge, the national association of leading aging services providers.
• Mediprocity, Inc.coreTechnology or IntegrationMediprocity provides the secure forms platform (mediprocity.com) used for payroll audit submissions. Mason D. Rothert serves as a Board Committee Member representing Mediprocity, Inc.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• MEMIC: MEMIC is a mutual workers' compensation insurance carrier with a similar member-owned structure, serving small and mid-sized employers with industry-specialized underwriting. Like NHRMA, it focuses on specific industry verticals and emphasizes loss control and claims service as core differentiators.
• Missouri Employers Mutual Insurance: Missouri Employers Mutual is a Midwest-based workers' compensation mutual carrier providing industry-specific coverage. It shares NHRMA's regional focus and employer-owned cooperative model, serving as a structural and geographic analog.
• Zenith Insurance Company: Zenith Insurance specializes in workers' compensation for targeted industries including healthcare and human services. Its segment-focused underwriting approach and loss control offerings closely mirror NHRMA's vertical model.
• Accident Fund Holdings: Accident Fund is a specialty workers' compensation carrier offering industry-focused underwriting, including healthcare and human services segments. Its vertical specialization and loss control services directly parallel NHRMA's niche positioning in LTC.
• Builders Mutual Insurance Company: Builders Mutual is an industry-specific workers' comp mutual that focuses exclusively on construction, serving as a structural analog to NHRMA's industry-mutual model with vertical specialization and member-owned governance.
• CompSource Mutual Insurance Company: CompSource Mutual is a workers' compensation mutual carrier offering coverage to small and mid-sized employers with industry-specific underwriting. As a peer mutual, it shares NHRMA's governance structure and emphasis on member service.

Broad incumbents

• The Hartford: The Hartford offers workers' compensation to small and mid-sized businesses across many industries including human services and healthcare. As a major P&C carrier, it overlaps with NHRMA in customer profile and coverage lines but operates at vastly greater scale.
• AmTrust Financial Services: AmTrust is a national workers' compensation carrier with deep SME market presence, serving many healthcare and service-industry customers. While broader than NHRMA, its small-employer underwriting model and risk management services overlap with NHRMA's offerings.
• Berkshire Hathaway Homestate Companies: Berkshire Hathaway Homestate Companies writes workers' compensation across multiple states and industry verticals, including human services and healthcare support. It competes for similar employer profiles as NHRMA but with far greater capital backing and geographic reach.

Emerging players

• Healthcare Providers Insurance Company (HPIC): HPIC provides workers' compensation and other insurance products specifically for healthcare providers including nursing homes and assisted living facilities. Its narrow healthcare-vertical focus makes it the closest direct competitor to NHRMA's LTC-exclusive positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nhrma

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 NHRMA Mutual