The Texas Oil & Gas Association (TxOGA) workers’ compensation purchasing group has earned a $4.5 million dividend from Texas Mutual Insurance Company. This marks the largest group dividend in Texas Mutual’s history, the company said. It is based primarily on TxOGA’s premium volume and loss ratio.
The TxOGA purchasing group has earned $12.7 million in dividends from Texas Mutual since 2001. Many members have also earned a share of the more than $670 million in individual policyholder dividends that Texas Mutual has paid during the past 11 years.
In addition to potential dividends, TxOGA purchasing group members get a discount on their workers’ compensation premium and an industry-specific safety plan.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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