Texas Mutual Insurance Company announced the Texas Medical Group (TMG) has earned a $972,604 workers’ compensation dividend. The dividend is based largely on the group’s collective workplace safety record.
Qualifying TMG members have shared in $4.6 million in Texas Mutual safety group dividends since 2008. Many members will also earn a share of the $175 million individual policyholder dividend Texas Mutual is distributing this year. Individual dividends are based largely on each policyholder’s safety record.
Texas Mutual cannot guarantee future dividends, but the company has a solid history of paying dividends when financial conditions allow.
Since 1999, Texas Mutual has distributed nearly $1.4 billion in safety group and individual dividends among qualifying policyholders. It has distributed the majority of that total – $1 billion – since 2007.
Source: Texas Mutual