Texas Mutual to Distribute $155M in Policyholder Dividends

Texas Mutual Insurance Co. plans to distribute $155 million in workers’ compensation dividends in 2011.

Dividends reward loyal policyholders who share Texas Mutual’s commitment to preventing workplace accidents and helping injured workers get back on the job.

Texas Mutual will begin distributing dividends in late July. The company anticipates that approximately 38,000 policyholders will qualify for a dividend based largely on their premium sizes, workplace safety records and history with the company.

By the end of this year, Texas Mutual will have paid more than $1 billion in policyholder dividends since 2000. That number includes a combined $260 million in 2008 and 2009, at the height of the recession.

Texas Mutual President Ron Wright said the company’s dividend track record is a direct reflection of policyholders’ efforts to keep employees safe and on the job.

Wright noted that Texas Mutual cannot guarantee future dividends, and the 2011 dividend plan requires Texas Department of Insurance approval.

Source: Texas Mutual Insurance Co.

Topics Texas