Texas Mutual Approves $150 Million Dividend Plan

Texas Mutual Insurance Company’s board of directors approved the company’s plan to distribute approximately $150 million in policyholder dividends. Dividends reward safety-conscious employers who have favorable loss histories.

The dividend plan, the largest in the company’s history, includes a $75 million special dividend in recognition of the company’s excellent financial results in 2007.

The dividend plan still requires Texas Department of Insurance approval. Texas Mutual Insurance Company anticipates mailing dividend checks in late July. Qualifying policyholders’ shares will be based on their premium size, loss ratio and coverage history with Texas Mutual.

For more information about the company’s 2008 dividend plan, visit the News and Publications section at texasmutual.com.

Texas Mutual Insurance Company has declared more than $595 million in individual policyholder dividends since 1999. The company has declared $36.2 million more in dividends to members of its group discount programs.

Source: Texas Mutual Insurance Company

Topics Texas