Louisiana Workers’ Compensation Corp. (LWCC) has declared a 2012 dividend of $48.7 million, the company’s largest dividend ever.
It will be paid to qualifying policyholders in March and April, bringing LWCC’s cumulative total dividend paid to policyholders over the past 10 years to more than $231 million.
LWCC’s previous dividend, for the year 2011, totaled $23.5 million. Prior to 2012, the largest dividend paid by the company had been $45.5 million in 2007.
More than 16,000 policyholders will receive a portion of the new dividend. Individual dividend awards are based on a calculation that takes into account policyholders’ premium and longevity with LWCC over the last five years.
LWCC (www.lwcc.com) is a private, nonprofit mutual insurance company that is the largest writer of workers’ compensation insurance in Louisiana.