Midstate Mutual Insurance Company
Midstate Mutual is a New York-licensed mutual property and casualty insurer founded in 1879, underwriting personal and small commercial coverage for upstate New York families and businesses exclusively through 229+ independent agents.
- Company typePrivate
- Founded1879
- HeadquartersAuburn, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Midstate Mutual Insurance Company does
Midstate Mutual Insurance Company is a private mutual property and casualty insurer founded in 1879 and headquartered in Auburn, New York. The company underwrites personal lines (homeowners, landlord, seasonal homes, manufactured homes, and bed and breakfast properties) and small commercial lines (mercantile, restaurants, apartment buildings, motels, office buildings, and artisan contractors), distributing exclusively through a network of 229+ independent insurance agents across upstate New York. Specialty add-on coverages address Inland Flood, Home Cyber, Cyber Suite for businesses, and Employment Practices Liability. Midstate Mutual carries an A- (Excellent) Financial Strength Rating from AM Best and is licensed under New York State insurance law, with ownership vested in its policyholders under a mutual structure. The company is generating premium revenue through insurance premiums collected from policyholders, with pricing obtained via independent agents on a quote basis; specific premium volumes and revenue figures are not publicly disclosed.
The carrier's technology posture centers on the Finys Suite core platform, selected in February 2026 to replace a legacy home-built system, with Finys Design Studio providing configurability for line-of-business templates and integration support for New York's Underwriters Rating Board. The company is a member of NAMIC, NYIA, Big I NY, and PIA, and operates with a small employee base (11-50) supported by an in-house claims department and a self-service policyholder portal. No AI, machine learning, or proprietary data products are disclosed, and growth signals are concentrated in product breadth and operational modernization rather than geographic expansion or M&A.
Midstate Mutual Insurance Company firmographics
Firmographics- Name
- Midstate Mutual Insurance Company
- Legal name
- Midstate Mutual Insurance Company
- Website
- https://midstatemutual.com
- Company type
- Private
- Founded year
- 1879
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Midstate Mutual is a New York-licensed mutual property and casualty insurer founded in 1879, underwriting personal and small commercial coverage for upstate New York families and businesses exclusively through 229+ independent agents.
- Ownership category
- akta.pro rank
Midstate Mutual Insurance Company industry classification
Industry- Product category
- Property and Casualty 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 industry
- Flood Insurance (FSAJACAG)
Keywords
Where Midstate Mutual Insurance Company is headquartered
LocationHeadquarters
- HQ city
- Auburn
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Midstate Mutual Insurance Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: Midstate Mutual generates revenue through insurance premiums collected from policyholders. As a mutual insurance company, it provides personal insurance (homeowners, landlord, seasonal homes, manufactured homes, bed and breakfast) and business insurance (mercantile, restaurants, apartment buildings, motels, artisan contractors) products sold exclusively through independent agents in upstate New York.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Midstate Mutual Insurance Company product offering
Product offeringCore offering
Midstate Mutual Insurance Company underwrites and sells personal and commercial property and casualty insurance products—including homeowners, manufactured homes, seasonal homes, landlord, and bed & breakfast coverage on the personal side, and mercantile, restaurant, apartment, motel, office, and artisan contractor coverage on the commercial side—through a network of independent agents across upstate New York. Specialty add-on coverages address inland flood, home cyber, business cyber suite, and employment practices liability risks. The company operates as a policyholder-owned mutual insurer headquartered in Auburn, NY.
Product overview
Midstate Mutual Insurance Company offers a portfolio of personal and commercial insurance products distributed through independent agents across New York State. Personal insurance products include Homeowners (their flagship offering), Manufactured Homes, Seasonal Homes, Landlord Program, and Bed & Breakfast Program. Business insurance products cover Mercantile, Apartment Buildings, Restaurants, Office Buildings, Motels, and Artisan Contractors. Specialty add-on coverages include Inland Flood Coverage and Home Cyber Protection for personal lines, and Cyber Suite Coverage and Employment Practices Liability for business lines. The company operates as a technology-driven mutual insurer, having recently selected Finys Suite as its core system platform to modernize operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Homeowners Insurance Comprehensive property and liability protection for primary residences with competitive pricing and tailored coverage options; Midstate's most popular personal lines product, distributed through independent agents in upstate New York.
- Manufactured Homes Insurance Specialized coverage designed specifically for owners of manufactured and mobile homes, addressing the distinct risks of factory-built housing.
- Seasonal Homes Insurance Insurance protection for vacation properties, cabins, and seasonal residences that are not occupied year-round.
- Landlord Program Tailored insurance for rental property owners including structure coverage, liability coverage, and loss of rental income coverage for properties made uninhabitable by covered events.
- Bed & Breakfast Program Comprehensive insurance for bed and breakfast and small hospitality properties, addressing liability exposures and property risks of welcoming paying guests.
- Inland Flood Coverage Specialty flood protection for low-to-moderate flood risk areas covering both fluvial and pluvial flooding sources, including dwelling, personal property, basement, and living expense coverage.
- Home Cyber Protection Personal lines specialty coverage defending against cyber attacks, online fraud, and identity theft including cyber attack response, cyber extortion coverage, data breach response, and identity recovery services.
- Mercantile Insurance Commercial insurance coverage for retail stores, shops, and other mercantile businesses, addressing property, liability, and operational risks.
- Apartment Buildings Insurance Insurance protection for apartment complexes and multi-family dwellings, including property, liability, and loss of rental income coverage.
- Restaurants Insurance Specialized commercial coverage for restaurants, cafes, and food service businesses addressing property, liability, and food-service-specific risks.
- Office Buildings Insurance Commercial property coverage for office spaces and professional buildings, addressing property and liability risks of professional occupancies.
- Motels Insurance Insurance protection for motel and small lodging operations, addressing hospitality-specific property and liability exposures.
- Artisan Contractors Insurance Liability and property coverage for skilled tradespeople and contractors addressing the operational and liability exposures unique to artisan contracting work.
- Cyber Suite Coverage Business cyber specialty coverage offering data compromise response, computer attack protection, privacy and network security liability, cyber extortion coverage, and risk management tools for small and mid-sized businesses.
- Employment Practices Liability Specialty liability protection for small to mid-sized businesses against discrimination, harassment, retaliation, and wrongful termination claims, including liability, defense costs, and third-party coverage plus employment law resources.
Companies that use Midstate Mutual Insurance Company
Customer profileSegments3 records
Ideal customer profiles2 records
Midstate Mutual Insurance Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Midstate Mutual Insurance Company partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Finys (Verisk)coreMidstate Mutual selected Finys Suite as its core system platform to replace a legacy home-built system. The selection was driven by Finys Design Studio's configurability capabilities and the vendor's experience supporting carriers that use Underwriters Rating Board in New York. Finys will provide early access to line-of-business templates to enable Midstate Mutual stakeholders to review and align on configuration updates.
- National Association of Mutual Insurance Companies (NAMIC)minorIndustry trade association membership - the largest property/casualty insurance trade association in the country. Membership provides access to industry best practices and advocacy.
- New York Insurance Association (NYIA)minorIndustry association representing property and casualty insurers doing business in New York State. Membership supports regulatory compliance and industry advocacy.
- Big I NY (Independent Insurance Agents & Brokers of New York)minorIndustry association representing independent insurance agents and brokers in New York. Supports the independent agent channel that Midstate Mutual uses for distribution.
- Professional Insurance Agents (PIA)minorNational trade association representing independent insurance agents. Membership provides continuing education and industry resources.
- Underwriters Rating Board (URB)minorProvides rating and statistical services for the insurance industry. Midstate Mutual uses URB for rating services as a New York-based carrier.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Midstate Mutual Insurance Company competitors and assessment
Company assessmentDirect peers
- NYCM Insurance: A New York regional P&C mutual offering personal and commercial coverage through independent agents. Comparable in mutual structure, New York concentration, and small-to-mid-market focus.
- Tompkins Insurance Agencies: A NY-based independent insurance agency and carrier affiliate offering personal and business P&C coverage in upstate markets. Comparable in regional upstate NY customer base and product mix.
- Dryden Mutual Insurance Company: A small New York mutual P&C insurer offering homeowners and small commercial coverage through independent agents. Comparable in scale, product mix, and regional mutual orientation.
- Utica National Insurance Group: A New York-based regional mutual P&C insurer offering personal and commercial lines through independent agents. Closely comparable in mutual structure, regional NY focus, and agent-driven distribution.
- Security Mutual Insurance Company: A New York-based mutual P&C carrier distributing through independent agents across personal and commercial lines. Comparable in mutual structure, regional focus, and distribution model.
- Preferred Mutual Insurance Company: A New York-domiciled mutual P&C carrier serving personal and small commercial customers through independent agents. Directly comparable in size, mutual structure, and upstate NY footprint.
Broad incumbents
- Hanover Insurance Group: A regional P&C carrier offering personal and commercial lines through independent agents in the Northeast. Comparable in independent agent distribution and small/mid commercial specialization, though significantly larger.
- Main Street America Insurance: A mutual P&C insurance group serving small commercial and personal lines through independent agents across multiple states. Comparable in mutual structure and small commercial focus, though multi-state in scope.
- Plymouth Rock Assurance: A Northeast regional P&C carrier offering personal lines through independent agents and direct channels. Comparable in personal lines emphasis and Northeast footprint, though broader in geographic reach.
- Erie Indemnity Company: A larger regional P&C insurer with a strong agency distribution model across the Northeast and Mid-Atlantic. Comparable in independent agent channel strategy and personal/commercial lines focus, though materially larger in scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Midstate Mutual Insurance Company social profiles
Digital presenceMidstate Mutual Insurance Company compliance and trust
Trust signalCompliance1 record
Midstate Mutual Insurance Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midstate Mutual Insurance Company leadership team
Management profileNumber of profiles
Midstate Mutual Insurance Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midstate Mutual Insurance Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Midstate Mutual Insurance Company
What does Midstate Mutual Insurance Company do?
Midstate Mutual Insurance Company underwrites and sells personal and commercial property and casualty insurance products—including homeowners, manufactured homes, seasonal homes, landlord, and bed & breakfast coverage on the personal side, and mercantile, restaurant, apartment, motel, office, and artisan contractor coverage on the commercial side—through a network of independent agents across upstate New York. Specialty add-on coverages address inland flood, home cyber, business cyber suite, and employment practices liability risks. The company operates as a policyholder-owned mutual insurer headquartered in Auburn, NY.
Is Midstate Mutual Insurance Company a public or private company?
Midstate Mutual Insurance Company is a private company. It is classified as unknown and is currently operating.
When was Midstate Mutual Insurance Company founded?
Midstate Mutual Insurance Company was founded in 1879. It employs 11 to 50 people.
Where is Midstate Mutual Insurance Company based?
Midstate Mutual Insurance Company is headquartered in Auburn, United States, in the North America region.
How does Midstate Mutual Insurance Company make money?
One revenue line is on record: insurance Premiums.
Who are Midstate Mutual Insurance Company's main competitors?
Direct peers on record are NYCM Insurance, Tompkins Insurance Agencies, Dryden Mutual Insurance Company, Utica National Insurance Group, Security Mutual Insurance Company and Preferred Mutual Insurance Company. Broad incumbents are Hanover Insurance Group, Main Street America Insurance, Plymouth Rock Assurance and Erie Indemnity Company.
Does Midstate Mutual Insurance Company have an API?
No public API is recorded for Midstate Mutual Insurance Company.
What industry is Midstate Mutual Insurance Company in?
Midstate Mutual Insurance Company's product category is Property and Casualty Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAG, Flood Insurance. Its NAICS code is 524126 and its SIC code is 6331.