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
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