CompGroup AGC Earns Texas Mutual Dividends

Texas Mutual Insurance Company announced it has awarded the CompGroup AGC workers’ compensation purchasing group with $1,430,035 of group dividends.

Texas Mutual President Russ Oliver attended the dividend presentation at the CompGroup AGC’s Austin headquarters. The group will deliver the dividends throughout the state to the qualifying contractors that helped make this dividend a reality.

“We are proud of the steady progress that we have made through the various insurance and construction markets over the past 11 years” said Paul Workman, president of CompGroup AGC and owner of Workman Commercial Construction Services. “We have been fortunate to have the best contractors working together with their local AGC Chapters and Texas Mutual to share in this valuable member benefit.”

Texas Mutual group dividends are separate from the $50 million of general dividends that Texas Mutual Insurance Company awarded to qualifying policyholders in July. CompGroup AGC members received over $1 million of that dividend disbursement. Since 1993, the group has earned over $3.7 million in dividends.

“CompGroup AGC has done an excellent job managing the growth of their group,” said Ken Lauber, Texas Mutual vice president of field operations. “The members are constantly striving to make their workplaces safer, and we’re optimistic that this group will continue to work on improving its overall loss ratio and increase its premium volume.”

For more information on Texas Mutual purchasing groups, go to www.texasmutual.com/agents/group.shtm.