The board of directors for Utah’s Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May.
Policyholders can expect to receive 5 percent of their 2012 earned premium. With this distribution, WCF will have returned more than $351 million in dividends to its policyholders since 1992. This equates to nearly 40 percent of operating income, almost 10 percent of net earned premiums.
Salt Lake City-based Workers Compensation Fund was established in 1917 and is owned by its policyholders and governed by a board of directors. WCF is rated A (Excellent) by the A.M. Best Company.