Texas Mutual Insurance Company announced that the Texas Apartment Association (TAA) safety group earned a $355,922 dividend.
The workers’ compensation dividend was based largely on the group’s overall safety record.
Since 2009, Texas Mutual has paid nearly $1.2 million in group dividends to TAA safety group members. That total is in addition to individual policyholder dividends group members have earned. Individual dividends are based largely on each policyholder’s safety record.
By the end of the year, Texas Mutual will have paid $1.2 billion in dividends. The majority of that total — more than $1 billion — will have been paid since 2005.
Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.