Texas Mutual Insurance Company recently began returning $150 million in policyholder dividends. About 38,000 policyholders will receive a dividend based on their premium size, loss ratio and history with Texas Mutual.
The dividend plan, the largest in the company’s history, includes a $75 million special dividend in recognition of the company’s excellent financial results in 2007.
Texas Mutual said it has declared more than $595 million in individual policyholder dividends since 1999. In addition, the company has declared about $42 million in dividends to members of its group purchase programs.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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