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      Preferred Mutual

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      Preferred Mutual reviews

      6 year employee - Operations Preferred Mutual Employee Review

      1.0
      Sep 2, 2016
      Operations
      Recommend
      CEO approval
      Business Outlook

      Pros

      Finally embracing flex work schedules for some and adding diversity. Nice birthday gifts and picnic.

      Cons

      Low pay, although they will tell you otherwise. I have a family member at another local Insurance business in the same role, less experience than me, making $30,000 more and pays less for healthcare. HUGE segregation of status and pay based on level. Extremely male dominated in the executive roles with two women directors, who seem to work harder than the senior executives.

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      1.0
      Jun 16, 2025
      Claims management
      Recommend
      CEO approval
      Business Outlook

      Pros

      Remote, flex time, usually bonus structure (but those numbers are sometimes manipulated so that no profit sharing is paid out), and that is about it.

      Cons

      Location is major con. Senior Management is not good and specifically to claims, does not know how to manage claims and does not know the basics, like the litigation process, reserving, etc. Fortunately they have good unit managers who make the decisions and Senior Management just follows. It is really quite shocking. PMIC is also behind other carriers in bringing new product to market. Others are usually a year or even 2 ahead of PMIC even thinking of adding on.

      3
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