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.
Was this article valuable?
Here are more articles you may enjoy.
Hail to High Variance: Rethinking Test Squares and Roof Damage Assessment 
Snap, YouTube Settle School-Social Media Suit Ahead of Trial 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.