SCF Arizona Board Approves $10 Million Dividend

May 21, 2009

SCF Arizona’s Board of Directors has unanimously approved a $10 million dividend for 2008 to qualified policyholders.

The Arizona workers’ compensation insurer said SCF the dividend payout marks 38 straight years it has been able to return money to policyholders. Dividend amounts paid to qualified policyholders are based on annual premium and incurred losses (claims).

SCF Arizona President & CEO Don Smith said that Arizona continues to be a safer place for workers, and workplace injury claims have been cut in half during the past decade, but the cost of treating those injuries continues to increase.

“It’s a credit to our entire organization and our Board that through our attention to quality claims management and our efforts to keep premiums among the lowest in the nation, that we are able to provide this stimulus to many of our deserving policyholders,” Smith said.

“Dividends are never guaranteed,” Smith added. “The Board bases its decision on SCF’s financial performance for the year and conditions in the marketplace.

Source: SCF Arizona

Topics Policyholder Arizona

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