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2022 Annual Report

celebrating 125 years

Church Mutual Holding Company, Inc.

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Deeply Rooted

In 2022, Church Mutual® celebrated 125 years of Protecting the Greater Good®. Founded in Merrill, Wisconsin, in 1897, the organization was built on the belief that our customers are the company. Today, we continue to protect organizations that serve and inspire others, living the legacy of our courageous and bold founders. For our 125th anniversary, we chose the theme “Deeply Rooted,” representing our commitment to our customers, the communities where we live and do business, and our purpose of Protecting the Greater Good and elevating the human condition. Those deep roots have allowed the company to grow tall, branch out in new directions and, most importantly, provide an unparalleled canopy of coverage for our customers.

Church icon

1897, the Wisconsin Church Mutual Fire Insurance Association is founded in Merrill, Wisconsin.



A Message from Our CEO

Richard V. Poirier, J.D. CEO

“We saw a lot of herculean efforts on many fronts throughout the year. So many within our organization did so many great things for our customers and our company. We did not waiver on our commitment to our customers, the service we provide or the compassionate, empathetic approach we take to our business. Without that, we wouldn’t be Church Mutual.”

Richard V. Poirier, J.D.


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$2.4 million in estimated losses was saved during Winter Storm Elliott thanks to our CM Sensor® water and temperature alert program.

Our approach


Our Family of Companies

Church Mutual Insurance

Church Mutual


Church Mutual Insurance Company, S.I., founded in 1897, offers specialized insurance for religious organizations of all denominations, public and private K-12 schools, colleges and universities, senior living facilities, secular and non-secular camps and conference centers, and nonprofit and human services organizations throughout the United States. Church Mutual markets most lines of commercial property and liability insurance, including multi-peril, workers' compensation and commercial auto insurance. In addition to insurance, Church Mutual provides a spectrum of value-added solutions that benefit its customers.

2022 highlights

  • Opened a new office in Milwaukee. Following a nationwide search for an urban office location to help prepare the company for the future, the new Milwaukee location represents a purposeful business decision to further attract and retain a more diverse workforce, while addressing talent needs and organizational goals.

  • Announced Alan Ogilvie as new president and eventual CEO. A respected leader with 30 years of insurance industry experience, Ogilvie joined Church Mutual in 2015 and previously served as president of subsidiaries.

CM Regent Insurance Company

CM Regent


CM Regent Insurance Company® has a 50-year history of providing insurance expertise to meet the unique needs of K-12 school districts, colleges and universities. Coverages include commercial property and liability insurance, workers’ compensation, educator’s professional liability, excess liability, cyber, owner-controlled insurance program (OCIP) and a variety of employee benefit products for public schools.

2022 highlights

  • State expansion continued in 2022 and the company is now writing business in Pennsylvania, Wisconsin, Minnesota, Vermont, New Hampshire, Kentucky, Indiana, Georgia and Tennessee, with additional states slated for 2023.

  • Had a strong, profitable year, ending 2022 ahead of plan and further strengthening its ability to serve the insurance needs of educational institutions.

CM Vantage

CM Vantage

Specialty Insurance Company

CM Vantage Specialty Insurance Company, founded in 2015, is an excess and surplus lines insurance company specializing in underwriting unique exposures and providing innovative product solutions. CM Vantage distributes products through select wholesale brokers. CM Vantage’s team of experienced excess and surplus lines professionals provides a wide array of insurance products, including primary casualty, excess casualty, primary property and excess property.

2022 highlights

  • Continued profitable growth, building on its capabilities to serve the unique needs of customers in the excess and surplus lines market.

  • Exceeded gross written premium plan by more than $11 million!

CM Select

CM Select®


CM Select Insurance Company provides businessowners coverage to small religious organizations in addition to several nonprofit and human services classes. All policy output and customer communications are delivered electronically, thereby reducing overall expenses and environmental footprint. CM Select strives to deliver an unparalleled customer experience by offering tailored products and prioritizing technological innovation.

2022 highlights

  • Launched Commercial Auto with a pilot in Texas that received an immediate response from customers. CM Select then launched Commercial Auto in Missouri, Pennsylvania, Wisconsin and Virginia, with more states scheduled to be added through 2023.

  • March 2022 was the first month CM Select had new written premiums in excess of $500,000 and total direct written premiums greater than $1 million within a single month.

Wausau MedMal Management

Wausau MedMal

Management services

Acquired by Church Mutual in January 2022, Wausau MedMal Management Services, LLC (WMMS) provides services for companies and government programs seeking management expertise for professional medical liability and general liability claims, coverages and risks. WMMS staff bring more than 225 years of combined liability insurance claim supervision, insurance company management and legal experience, with more than 100 years of direct medical malpractice claims management experience.

what Wmms brings to the family

  • Opportunity to enhance fee income and diversify operations without assuming underwriting risk.

  • Ability to leverage medical malpractice experience across other books of business.

CM Solutions™ Insurance Agency
CM Regent Solutions™

Agency Operations

cm solutions® insurance agency

CM Solutions Insurance Agency is an independent agency owned by CM Companies, Inc. CM Solutions works with a carefully selected group of insurers throughout the U.S. to provide coverages and solutions to provide our customers with the best overall protection. We offer commercial coverages in all 50 states, backed by deep industry experience, product options, strong financial stability, customer service excellence and commitment to the customer. We provide important coverages to meet the unique needs of businesses, including property, liability, workers’ compensation, professional liability, flood, wind/hail, cyber liability insurance and many other lines of business. In Wisconsin, we also offer personal lines of coverage, including a wide range of homeowners and auto insurance.


CM Regent Solutions specializes in providing a variety of employee benefit products and third-party claims administration services. Benefit offerings include life, disability, vision, dental, pharmacy and more from carriers that meet the highest standards of quality and stability. The CM Regent Solutions benefits experts are committed to helping our customers prevent and minimize loss, easily resolve claims, and keep them focused on their primary mission. Our consultative approach ensures our services fit each customer’s individual needs.

Our cases


Celebrating 125 Years

Church Mutual Insurance Company, S.I. has been Protecting the Greater Good since 1897. Our founders believed in the power of faith and the spirit of their congregations and communities. Today, we continue to follow their footsteps as we provide protection to purpose-driven organizations of all kinds that serve and inspire others. Throughout its long history, Church Mutual® has found effective ways to respond to change without compromising its core belief that the customer is the company and all decisions should reflect this.

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Church Mutual hosted a meeting of the Merrill Area Chamber of Commerce at Home Office

Church Mutual hosted a meeting of the Merrill Area Chamber of Commerce at Home Office, where participants discussed the company's history and commitment to our hometown.

Church Mutual office built in 1927.

Church Mutual celebrated its rich history in 2022. Pictured is the Church Mutual office built in 1927. The building served us well through several expansions over the next 50 years. Church Mutual moved to its current Merrill location in 1977, and the previous building is now Merrill City Hall.

The Wisconsin Church Mutual Fire Insurance Association logo

The Wisconsin Church Mutual Fire Insurance Association was renamed Church Mutual Insurance Company in 1952.

Grand opening in October for our new Milwaukee office

Church Mutual hosted a grand opening in October for our new Milwaukee office. The event featured a dedication of the Dr. George Koonce Innovation Center housed within the facility.

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Our cases


Diversity & Inclusion

Embracing diversity and inclusion is critical to fulfilling our purpose of Protecting the Greater Good and elevating the human condition. We act with honor to ensure all employees, customers and partners feel welcomed, valued and respected.

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School icon

63.4% increase in the number of Historically Black Colleges and Universities insured in 2022.

Paralympic alpine skier Andrew Kurka

Church Mutual is proud to sponsor Paralympic alpine skier Andrew Kurka, who shares our values and commitment to inspiring others.

Church Mutual’s Women’s Leadership Initiative (WLI) presents annual scholarships

Church Mutual’s Women’s Leadership Initiative (WLI) presents annual scholarships to deserving female graduates of high schools in Merrill, Wisconsin, and Mechanicsburg, Pennsylvania. WLI is an employee resource group that elevates and empowers women through professional networking, leadership development and mentorships.

The Hmong American Friendship Association

The Hmong American Friendship Association recognized Church Mutual for donations to the organization’s food pantry, gifting Church Mutual with a beautiful piece of artwork, now proudly displayed in our Milwaukee office.

Church Mutual participated in the 22nd annual MKE Fellowship Open

Furthering our longstanding support of the MKE Fellows program, representatives from Church Mutual participated in the 22nd annual MKE Fellowship Open. The MKE Fellows program helps African American men from Milwaukee complete their college education and provides them with valuable job experience as they prepare to start their professional careers. Three of Church Mutual’s MKE Fellows interns were honored during the celebration.

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Graduation icon

24 scholarships were awarded to students at 12 HBCUs in the CIAA in 2022.

Our cases


Caring for Communities

CM CARES®, the Church Mutual Insurance Company Foundation, supports initiatives and organizations throughout the United States. The foundation provides gifts to the United Way, Feeding America, the Salvation Army, Meals on Wheels and other nonprofit causes with local or national impact. In 2022, CM CARES donated more than $500,000 to more than 150 organizations.

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Handshake icon

$100,000 commitment from CM CARES to start a Boys & Girls Club in our hometown of Merrill.

The 2022 United Way Campaign

During the 2022 United Way Campaign, CM Regent employees pledged contributions to United Way of the Capital Region, which serves the Mechanicsburg area.

Partnership with the Community Cry organization in Milwaukee

As we continued building relationships in Milwaukee, we were proud to partner with the Community Cry organization and help advance their mission of improving economic and social wellbeing in the Milwaukee community.

A group from the Church Mutual Underwriting Department assisted the Aging & Disabilities Resource Center in Merrill monthly with its Stockbox Program distribution to low-income elderly residents in the community.

A group from the Church Mutual Underwriting Department assisted the Aging & Disabilities Resource Center in Merrill monthly with its Stockbox Program distribution to low-income elderly residents in the community.

Clothing drive

Merrill Church Mutual employees were powered by purpose to support their community, collecting 18 boxes of their unneeded professional clothing and accessories. Those items were donated to the St. Vincent de Paul Outreach in Merrill for distribution to local people in need.

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Home icon

$500,000+ was donated to more than 150 organizations through CM CARES in 2022.


Recognition We Received

The Elite 50 Internships 2022 Winner

Rise Elite 50

Internship Award

Rising Insurance Star Executives (RISE), an organization dedicated to growing, recognizing and advancing the best young professional talent in the insurance industry, recognized Church Mutual as a 2022 Elite 50 Internship award winner and as having Superior Networking Opportunities. Our interns work on actual business projects and objectives that provide them with the experience they need to be ready for employment immediately following graduation. The Church Mutual family of companies is proud to have many former interns now in full-time roles.

AM Best A Rating

AM Best

Financial Strength Rating

Church Mutual continues to maintain its Financial Strength “A” rating (Excellent) with a stable outlook from AM Best. In fact, we are among only 70 out of approximately 3,000 U.S. property and casualty insurers to hold an “A” rating with AM Best for 50 years or more. Our financial strength means we have the resources to support our customers when they need us most. Additional information concerning AM Best ratings can be found at

Wisconsin 75 Award

Wisconsin 75 Awards

Top Private Company

Church Mutual ranked among the top 30 of Wisconsin’s most successful private companies in 2022’s Wisconsin 75 Awards, sponsored by Deloitte. This is the seventh consecutive year Church Mutual placed on the list, which ranks the 75 largest private companies in the state based on sales revenue. The ranking recognizes the significant role Church Mutual plays in the state’s economy.



Social Equity And Community Empowerment

Church Mutual was presented with the 2022 Social Equity and Community Empowerment Company Award by the American Property and Casualty Insurance Association (APCIA). The award recognizes individuals and corporations that are advancing social equity and financially empowering individuals, business and communities. In presenting the award to Church Mutual, the APCIA highlighted our MKE Fellows partnership and IT Scholars program as examples of the many ways we are making a difference.

Merrill Area Chamber of Commerce Legacy Award

Legacy Award

MerrilL Area Chamber of Commerce

In recognition of 125 years as a cornerstone business in our hometown, Church Mutual received a special Legacy Award from the Merrill Area Chamber of Commerce in 2022. The Legacy Award plaque is made of slate, signifying Church Mutual has been a rock for the Merrill community.

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Financials at a Glance


Direct Premiums Written


policyholders' surplus

What your company owns:


total assets

  • Bonds
  • Stocks
  • Cash
  • Real Estate
  • Premiums
  • Accrued Interest
  • Other
  • * All values displayed in USD ($)
  • Bonds, 2022: $1,400,568,589
  • Stocks, 2022: $303,523,338
  • Cash, 2022: $120,362,218
  • Real Estate, 2022: $10,620,217
  • Premiums, 2022: $304,405,917
  • Accrued Interest, 2022: $10,094,937
  • Other, 2022: $285,718,825

What its obligations are:


total liabilities

  • Losses
  • Unearned Premiums
  • Taxes Payable
  • Expenses Payable
  • Other
  • * All values displayed in USD ($)
  • Losses, 2022: $842,316,547
  • Unearned Premiums, 2022: $557,415,663
  • Taxes Payable, 2022: $5,900,953
  • Expenses Payable, 2022: $64,226,037
  • Other, 2022: $142,670,809
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