Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends in June, the company said.
More than 57,000 Texas business owners, representing approximately 79% of Texas Mutual’s policyholders, will receive dividends in recognition of their efforts to provide safe work environments for their employees.
This year marks the 23rd year Texas Mutual has paid dividends, bringing the total delivered back to Texas businesses to $3.4 billion since 1999. The dividend program allows Texas Mutual to share the company’s financial success with its policyholder owners who are committed to workplace safety.
While Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.
Source: Texas Mutual
Topics Texas
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