Though stock companies dominated the number of life insurance companies, mutuals are dominant in terms of assets and insurance in force.

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Mutual insurance companies, despite being fewer in number compared to stock insurance companies, often hold more assets and have a larger amount of insurance in force. This is because mutuals are owned by their policyholders and tend to focus on long-term growth and stability, which can lead to larger asset accumulation and more insurance coverage under management.

Though Stock Companies Dominated the Number of Life Insurance Companies