Gem State Insurance to Merge With Ohio Mutual

Ohio Mutual Insurance Group last week announced that it has reached an agreement to merge Gooding, Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure, following unanimous votes by both organizations’ boards of directors.

The merger is still subject to approval by Gem State policyholders and insurance regulators in both Idaho and Ohio, and is expected to be completed in the third quarter of 2026. Plans are to continue to market products under the Gem State brand and to maintain its Idaho operations.

Gem State will join Ohio Mutual’s intercompany pool: Ohio-domiciled Ohio Mutual Insurance Company, its wholly owned subsidiary United Ohio Insurance Company, Casco Indemnity Company, and United Mutual Insurance Company – all entities of holding company Ohio Mutual Insurance Group, Inc.

Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, Ohio, partners with more than 500 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, Vermont, and Wisconsin.