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.
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case 
