Texas Mutual Pays $100M in Policyholder Dividends

July 29, 2010

Texas Mutual Insurance Co. began distributing $100 million in workers’ compensation dividends among approximately 38,000 policyholders. Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety.

Texas Mutual has paid $850 million in dividends during the past 12 years.

“We have a permanent, vested interest in helping Texas businesses thrive,” said Bob Barnes, chairman of the Texas Mutual board of directors. “In 1999, we were thrilled to pay our first dividend – $25 million. Today, that number has grown to $100 million. Our policyholders will use those funds to expand their businesses, create jobs, pay skilled employees and improve their safety programs.”

The amount of each qualifying policyholder’s dividend check will be based largely on its loyalty, premium size and workplace safety record.

Texas Mutual offers free services to help policyholders improve their safety programs. Employers can visit the Safety Resource Center at texasmutual.com to watch streaming videos on a variety of safety topics, evaluate their safety programs, correct the root causes of accidents, and get training materials from the multimedia resource library. The company also offers free workshops that feature presentations by Texas Mutual safety professionals.

Source: Texas Mutual Insurance Co.

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