Builders Insurance Group Reports Eighth Consecutive Annual Dividend to Policyholders

Georgia-based Builders Insurance Group announced that it is paying its eighth, consecutive, annual dividend to policyholders.

This year’s dividend totals $2.2 million and will be distributed among
thousands of qualified policyholders enrolled in the Builders Insurance (A Mutual Captive Company) workers’ compensation program.

Dividends paid out since the program’s inception in 1992 equal more than $32.9 million. To be eligible for this year’s dividend, policyholders must have begun participation in the program prior to 2001 and maintained continuous coverage in the Builders’ program, as well as continuous membership in their local homebuilders association.

“We are pleased to announce another dividend payment for 2004,” said Builders Insurance Group’s Chairman of the Board Allen Richardson. “This is our way of thanking policyholders for their business as we continue to build financial strength. Our policyholders continue to beat the industry averages when it comes to loss results.”

The majority of monies will be shared with policyholders who have
contributed to the surplus by maintaining a satisfactory loss ratio during the eligible program years. A portion of the dividend monies will also be shared with policyholders based solely on their individual premium size and continuous participation in the program.

In addition to its workers’ comp program, Builders also writes general liability for residential general contractors.