Texas Mutual Insurance Company announced it would distribute approximately $125 million in individual policyholder dividends, a record for the company. The plan still requires Texas Department of Insurance approval.
Texas Mutual has declared about $445 million in individual dividends during the past nine years, including $100 million last year. Loyalty and loss ratio are key factors in determining which policyholders qualify for a dividend, the company said.
Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company, www.texasmutual.com
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
FTC, States Allege Toast Software Burns Restaurants and Consumers 
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation 
AIG’s General Insurance Q3 Underwriting Income Down 29% 
