dividend News

Pinnacol Assurance Giving $15M Dividend to Colorado Businesses

Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividends to Colorado businesses. The 2025 dividend, which …

California State Fund Declaring 15% Dividend for 2024 Policy Year

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Dec. 31, 2024. This dividend equals roughly 15% of the estimated annual premium …

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders. The company credits HEMIC’s steady growth and policyholder …

Pinnacol in Colorado Issues $15M Dividend to Businesses

Pinnacol Assurance issued $15 million general dividend to businesses throughout Colorado. This is the ninth straight year Pinacol has issued dividends to customers. Pinnacol Assurance operates similarly to a mutual insurer, treating customers as its owners, which makes them eligible …

HEMIC in Hawaii Declares $4M Dividend for Policyholders

The board of Hawaii Employers’ Mutual Insurance Company Inc. declared a $4 million dividend to qualifying policyholders. This marks 17 straight years of policyholder dividends, meaning HEMIC will have returned more $48 million to policyholders in dividends and pandemic premium …

California State Fund Declares 10% Dividend for 2020 Policy Year

State Compensation Insurance Fund in California on Monday announced plans to distribute a $39 million dividend to its qualifying policyholders with policies that took effect between Aug. 27 and Dec. 31, 2020. The dividend equals roughly 10% of the estimated …

Arizona Insurer of Physicians Declares $12M Dividend to Help in COVID-19 Pandemic

Mutual Insurance Company of Arizona has declared a special dividend designed to provide economic relief to its members. The company will distribute a $12 million dividend to all members with policies in-force as of April 30. The dividend will be …

California State Fund Declares 15% Dividend for 2019 Policy Year

California State Compensation Insurance Fund announced plans to distribute a roughly $55 million dividend to its qualifying policyholders with policies that took effect between Aug. 20 and Dec. 31, 2019. The dividend amounts 15% of the estimated annual premium reported …

Montana’s State Fund Declaring $30M Dividend

The Montana State Fund board of directors has declared a $30 million dividend to be paid to its safest policyholders. The Great Falls Tribune reports that the Montana State Fund is the state’s largest workers’ compensation insurance company, insuring nearly …

Oregon Employers Will Get $160 Million From SAIF

SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million safety performance dividend …