demutualizationnoun [ U ]
UK also demutualisation uk/ˌdiːmjuːtʃuəlaɪˈzeɪʃən/us/ˌdiːmjuːtʃuələˈzeɪʃən/FINANCEthe process in which a financial organization demutualizes:
The mutual life insurance companies are converting to publicly traded companies, in a process of demutualization.