The SAIF board of directors declared a $135 million dividend for its policyholders, marking the 14th straight year SAIF has been able to offer a dividend.
SAIF is a not-for-profit with a goal of making workers’ compensation coverage more available, accessible and affordable. SAIF determines whether a policyholder dividend is appropriate based on capital levels, claim trends and the overall economic environment.
This year, SAIF is able to pay dividends because of its financial standing and continued success in managing workplace safety and health and controlling losses. More than 52,000 policyholders will receive the dividend, which will be based on premium for policies whose term ended in 2022.
It will be distributed in October.
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