Wednesday, January 29, 2020

Three 175th Anniversary Celebrations in 2020

A public manufacturing company, a law firm, and a mutual insurance company all celebrate 175 years of continuous operation this year. Century Club congratulations!
Brunswick is a public (NYSE:BC) manufacturer of a variety of products and brands in the recreational marine market. Though they had expanded into other areas over the years (bowling, cycling, billiards) their primary focus today is boating.

Based in Newark, McCarter & English is among the oldest law firms in the U.S. Founded in 1845 it now has over 400 lawyers with offices in Massachusetts, Connecticut, New York, Pennsylvania, Delaware, and Washington DC in addition to New Jersey.

New York Life is the third largest insurance company in the United States and the 6th oldest insurance carrier by my records. It is a mutual insurance company, which means it is owned by its policy holders. As a "customer-owned" company, profits earned in are either retained within the company or returned to policyholders in the form of dividends or reduced future premiums. Interestingly, many agricultural cooperatives, another form of a customer owned company, have also thrived for over 100 years.


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