Texas Mutual Insurance Company announced it is distributing approximately $2 million in dividends among first-year policyholders with favorable loss ratios.
The dividends represent the final component of the company’s $125 million 2007 individual policyholder dividend distribution.
Texas Mutual Insurance Company has paid about $445 million in individual policyholder dividends since 1999.
The 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.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Rational Market? How About ‘Dumb’ and ‘Bizarre’? 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
