Insurance holding companies own their subsidiaries, and survive by receiving dividends from the subsidiaries, or borrowing against them. (alephblog.com)
Ohio Started as a stock company and then was converted to a mutual insurance holding company in 1959. (lifequote.com)
This places insurance holding companies in a tough spot; they need dividends from some operating subsidiaries to survive, particularly during times when credit is not available on favorable terms, if at all. (alephblog.com)