demutualize

[ dee-myoo-choo-uh-lahyz ]

verb (used with object)

, de·mu·tu·al·ized, de·mu·tu·al·iz·ing.

1. to convert (a mutual life-insurance company) to a stockholder-owned corporation.

demutualize

/ diːˈmjuːtʃʊəˌlaɪz /

verb

1. to convert (a mutual society, such as a building society) to a public limited company or (of such a society) to be converted

Derived Forms

• ˌdemutualiˈzation, noun

Word History and Origins

Origin of demutualize¹

de- + mutualize

Example Sentences

Venues elsewhere in the region are either government-owned or have yet to demutualize, or shift from member to shareholder ownership.

From BusinessWeek

Watanabe was one of the first in Dai-ichi Life to support the current chief executive, Katsutoshi Saito, when he sought to demutualize the firm and turn it into a stock company to boost competitiveness, people within and outside the company said.

From Reuters

Still, he was determined to start preparations to demutualize the insurer, encouraging the company to disclose its financial details to foreign investors and raising money by selling debt overseas.

From Reuters

Dai-ichi, formed in 1902, is the first of Japan's famously stodgy and domestic life insurance companies to demutualize and go public.

From Wall Street Journal