GuideOne officials make case for reorganizing as stock company Thursday, February 18, 2021 10:24 AM Iowa’s insurance commissioner on Wednesday heard testimony from GuideOne Mutual Insurance executives to consider the company’s application to reorganize from a domestic mutual insurance company to a stock insurance company. The reorganization, which would be conducted through two separate transactions, is expected to enable the West Des Moines-based insurer to increase its access to growth capital and to be better situated to acquire companies in the future as well as generate greater operating efficiencies, company executives said. The plan is the result of an evaluation of the company’s corporate structure that GuideOne’s board of directors initiated in 2018. As part of its exhibits, GuideOne filed a public copy of the reorganization plan with the insurance commission.