Texas Mutual Distributes $3M in Early Qualifier Dividends

Texas Mutual Insurance Co. has paid more than $3 million in early qualifier dividends to approximately 4,000 newer workers’ compensation insurance policyholder owners across the state. This payout is the final component of Texas Mutual’s $225 million dividend distribution in 2015.

The policyholder owners receiving early-qualifier dividends are those who are already exhibiting safe workplaces, as evidenced by their safety record, but haven’t been with Texas Mutual long enough to qualify for a regular dividend. It includes those who have a good loss ratio on their first year policy with Texas Mutual and have renewed their policy.

This is the 17th consecutive year Texas Mutual’s board of directors has voted to distribute policyholder dividends, bringing the total to $1.8 billion. The company has paid the majority of that total — over $1 billion — since 2010.

Texas Mutual is owned by its policyholders, which means that the company shares its success by distributing dividends to policyholder owners who have made a commitment to preventing workplace accidents and helping injured workers get back on the job.

While Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.

Source: Texas Mutual Insurance Co.

Topics Texas