Workers compensation carrier Texas Mutual Insurance Company announced a $1,752,338 dividend for the Texas Oil & Gas Association (TxOGA) purchasing group. TxOGA is the state’s largest association representing the oil and gas industry.
TxOGA has earned over $5 million in group dividends from Texas Mutual since 2001. Dividends are based largely on the group’s growth and favorable loss ratio.
Texas Mutual 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.
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk 
