Texas Mutual Insurance Company announced a $129,320 dividend to the Texas Petroleum Marketers and Convenience Store Association (TPCA) workers’ compensation purchasing group today. The group’s first dividend was based largely on its overall loss ratio.
Group dividends are separate from individual policyholder dividends. Texas Mutual Insurance Company declared approximately $125 million of individual dividends this summer. Many TPCA members qualified for both types of dividends.
The TPCA purchasing group is open to qualifying convenience stores and other petroleum product distributors. Texas Mutual Insurance underwrites the group, and Anco Insurance administers it.
Source: Texas Mutual Insurance Company
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