Amica Mutual Insurance Co.
Amica Mutual Insurance Company, founded in 1907 and headquartered in Lincoln, Rhode Island, is the oldest mutual automobile insurer in the United States. Amica is a direct writer of personal insurance, providing auto, homeowners, marine, and personal excess liability coverages across the U.S. The company is highly rated for financial strength and recognized for its exceptional customer service. As of 2022, Amica manages assets worth $5.4 billion and serves over 1.4 million policies. The company employs approximately 3,800 people and focuses on direct-to-consumer insurance solutions for individuals and families.
Investment Strategy
As a mutual insurance company, Amica primarily invests collected insurance premiums to ensure claims-paying ability and long-term financial security for its policyholders. Its strategy emphasizes capital preservation, prudent risk management, and diversification across asset classes—primarily high-grade fixed income securities, with measured allocations to equities and other investments—with the goal of supporting insurance liabilities and delivering consistent value to policyholders.
Latest 13F Filing Activity
Amica Mutual Insurance Co. filed their most recent 13F report on Jun 30, 2025 disclosing 138 equity positions with a total 13F market value of $1B. The fund increased holdings in Ishares TR, Nvidia Corporation, Microsoft Corp. among other positions. Amica Mutual Insurance Co. reduced exposure to Apple Inc., Unitedhealth Group Inc., Ishares TR among others.
Top Holdings
Equity Positions (138)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IXUS | ISHARES TR | 25.32% | $262.5M | 3,393,208 | $64.37 | $77.31 | +$93.9M |
M MSFT | MICROSOFT CORP | 5.74% | $59.5M | 119,619 | $45.37 | $497.41 | +$14.0M |
N NVDA | NVIDIA CORPORATION | 5.20% | $53.9M | 341,309 | $13.44 | $157.99 | +$16.3M |
A AAPL | APPLE INC | 3.74% | $38.7M | 188,804 | $15.21 | $205.17 | -$7.3M |
A AMZN | AMAZON COM INC | 3.39% | $35.2M | 160,396 | $107.31 | $219.39 | +$3.6M |