What type of insurer is owned by its shareholders and has capital divided into shares?

A stock insurer is owned by its shareholders, who may be individuals or entities that invest in the company. The capital structure of a stock insurer is divided into shares, allowing shareholders to participate in the risks and profits associated with the insurance operations. This type of insurer typically seeks to generate profits for its shareholders and may pay dividends based on the company's financial performance.

In contrast, a mutual insurer is owned by its policyholders, meaning that those who purchase insurance policies have a vested interest in the company rather than outside shareholders. A fraternal insurer is a type of mutual insurer that operates for the benefit of its members, often focusing on social and charitable activities. A captive insurer is a unique arrangement where an organization creates its own insurance company to cover its risks, rather than obtaining coverage from a traditional insurer. Understanding these distinctions is essential in grasifying the different types of insurance companies and their ownership structures.