Texas Oil and Gas Association Earns $500K Texas Mutual Dividend

October 23, 2013

Texas Mutual Insurance Company announced today that the Texas Oil and Gas Association (TxOGA) has earned a $500,000 workers’ compensation dividend.

“The Texas oil and gas industry is experiencing a resurgence, and our economy is reaping the benefits,” said Jim Sierra, TxOGA vice president of finance. “Along with prosperity, however, has come a rise in workplace accidents. TxOGA is here to support our members in their efforts to protect employees. We hope this money will go a long way toward helping them continuously improve their safety programs.”

TxOGA has earned $19 million in Texas Mutual group dividends since 2001. Many have also qualified for a share of the $1.4 billion in individual policyholder dividends Texas Mutual has distributed since 1999.

Texas Mutual notes that dividends are not guaranteed, and the Texas Department of Insurance must approve all dividends.

For more information about the TxOGA safety group, visit texasmutual.com/agents/pr_txoga.shtm. For more information about dividends, visit texasmutual.com/OwnershipPays.

Source: Texas Mutual Insurance Company

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