Construction Supply Group Receives $179K Dividend from Texas Mutual

Texas Mutual Insurance Co. announced a $179,106 dividend to the Texas Construction Supply (TCS) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss ratio.

Last year, TCS members shared in a $10,674 dividend. This year’s increase was due to growth in the group’s membership.

Any licensed Texas agent can submit qualifying clients for consideration in the TCS purchasing group. In addition to potential dividends, group members get a discount on their workers’ compensation premium and access to industry-specific workplace safety resources at texasmutual.com.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Source: Texas Mutual