Texas Mutual Pays $175M Policyholder Dividend

Texas Mutual Insurance Co. announced it has begun distributing $175 million in dividends among approximately 40,000 policyholders. Dividends reward loyal policyholders who share the company’s commitment to preventing workplace accidents and helping injured workers get well and back on the job.

This is the 15th consecutive year Texas Mutual has paid dividends, bringing the total to almost $1.4 billion. The company has paid the majority of that total – $1 billion – since 2007.

Texas Mutual President and CEO Richard Gergasko noted that Texas Mutual cannot guarantee future dividends, and the Texas Department of Insurance must approve all dividends.

Source: Texas Mutual Insurance Co.