Texas Mutual Insurance Co. announced a $669,540 dividend to the Texas Restaurant Association (TRA) workers’ compensation safety group. The dividend was based largely on the group’s overall loss ratio.
Since 1999, Texas Mutual has distributed nearly $20 million in safety group dividends among qualifying TRA members. Many group members also qualify for individual policyholder dividends from Texas Mutual based largely on their companies’ loss ratios.
In addition to potential dividends, TRA safety group members get discounts on their workers’ compensation premiums. They also have access to free workplace safety materials designed for the restaurant industry.
Texas Mutual has distributed nearly $1.4 billion in safety group and individual policyholder dividends since 1999. It has distributed $1 billion of that total since 2007. =
Texas Mutual notes that dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.
Source: Texas Mutual Insurance Co.