Texas Mutual Distributes $2M in Dividends to First-Year Policyholders

Texas Mutual Insurance Company announced it is distributing approximately $2 million in dividends among first-year policyholders with favorable loss ratios.

The dividends represent the final component of the company’s $125 million 2007 individual policyholder dividend distribution.

Texas Mutual Insurance Company has paid about $445 million in individual policyholder dividends since 1999.

The company 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