Texas Mutual Distributes $155M in Policyholder Dividends

Texas Mutual Insurance Co. announced it is distributing to policyholders $155 million in workers’ compensation dividends.

Texas Mutual estimates that about 77 percent of its policyholders will earn a dividend based largely on their premium sizes, workplace safety records and tenures with the company.

By the end of this year, Texas Mutual will have paid more than $1 billion in policyholder dividends since 2000. That number includes a combined $260 million in 2008 and 2009, at the height of the recession.

Texas Mutual President Ron Wright said the company’s dividend track record is a direct reflection of policyholders’ efforts to keep employees safe and on the job.

Wright noted that Texas Mutual cannot guarantee future dividends, and all dividends require Texas Department of Insurance approval.

Source: Texas Mutual Insurance Co.

Topics Texas