Baton Rouge, Louisiana-based workers’ compensation mutual insurer, LWCC, will distribute a $51 million dividend for 2018 to more than 20,000 policyholders in mid-April. This amount represents one-fourth of the premium LWCC earned in 2018, the company said.
Dividend payout increases by length of time with LWCC, with long-term policyholders who have been with LWCC for at least five years being fully vested in the dividend program and earning the highest return, 32 percent of their average premium over the last five years. All policyholders with an active LWCC policy at year-end are eligible to receive a dividend.
Through the dividend program, LWCC has given back to its policyholders a total return of $712 million over a period of 16 consecutive years. This amounts to more than LWCC’s total underwriting profit since inception in 1992.
Source: LWCC
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