Texas Mutual Wraps up $150M Dividend Distribution

Texas Mutual Insurance Co. t it is distributing approximately $1.8 million in workers’ compensation dividends.

Approximately 3,000 new policyholders earned dividends based largely on their workplace safety and claim management records. These dividends represent the final component of Texas Mutual’s $150 million individual policyholder dividend distribution in 2012.

Individual dividends are separate from the dividends Texas Mutual pays to qualifying safety groups. Many policyholders qualify for dividends under both programs.

By the end of 2012, Texas Mutual will have paid $1.2 billion in safety group and individual policyholder dividends. The majority of that total – more than $1 billion – will have been paid since 2005.

Texas Mutual President Ron Wright said the company’s dividend track record is a direct reflection of its financial strength, as well as policyholders’ efforts to keep employees safe and return injured workers to their jobs.

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