Texas Mutual Wraps up $155M Dividend Distribution

Texas Mutual Insurance Co. announced it has begun distributing about $1.5 million in workers’ compensation dividends among approximately 2,800 new policyholders.

The early-qualifier dividends represent the final component of Texas Mutual’s $155 million 2011 dividend distribution, the company said.

Approximately 77 percent of Texas Mutual’s policyholders received a dividend as a reward for preventing workplace accidents and helping injured workers return to productive employment.

Texas Mutual has distributed 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 notes that past dividends are not a guarantee of future dividends. All dividend plans require Texas Department of Insurance approval.

Source: Texas Mutual Insurance Co.

Topics Texas