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.
AIG Completes CEO Succession Plan With Anderson to Take Reins 
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights 
AIG Underwriting Income More Than Triples in Q1 
China’s Unprecedented Defiance of US Sanctions Triggers Showdown 
