Texas Mutual Pays $125M in Dividends
Texas Mutual Insurance Company announced it is distributing approximately $125 million in individual policyholder dividends, the largest in the company’s history.
Approximately 37,500 employers, representing about 79 percent of the company’s policyholders, will receive a dividend. Loss ratio and customer loyalty through retention are key factors in determining which policyholders qualify.
With these dividends, Texas Mutual Insurance Company will have paid about $445 million in individual policyholder dividends during the past nine years.
Source: Texas Mutual, www.texasmutual.com.
Popular Today
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
- Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- How One Hacker Used AI Agents, a Few Thousand Dollars to Break Into Websites