Texas Mutual Pays $1.7M Dividend to TxOGA

July 6, 2007

Workers compensation carrier Texas Mutual Insurance Company announced a $1,752,338 dividend for the Texas Oil & Gas Association (TxOGA) purchasing group. TxOGA is the state’s largest association representing the oil and gas industry.

TxOGA has earned over $5 million in group dividends from Texas Mutual since 2001. Dividends are based largely on the group’s growth and favorable loss ratio.

Texas Mutual 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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