Texas Mutual Insurance Company will return a $1,156,031 dividend to the Texas Construction Association (TCA) purchasing group, the workers’ comp insurer announced. The dividend was based largely on the group’s growth and favorable loss ratio.
Texas Mutual Insurance Company has paid more than $320 million in policyholder dividends over the past eight years. The company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company, www.texasmutual.com.
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