Utah Workers’ Comp Fund Announces 6% Dividend

Utah’s Workers Compensation Fund has declared a $12 million dividend that will be distributed to a majority of policyholders this month. Policyholders can expect to receive a dividend equal to 6 percent of their 2014 premium.

More than 19,000 businesses in Utah will receive a portion of the $12 million policyholder dividend.

“Policyholders are receiving a dividend because we had better than expected investment and underwriting results in 2014,” WCF CEO and President Ray Pickup said in a statement. “Severe injuries declined, the overall number of claims decreased, and the amount of payroll insured by WCF increased because of Utah’s robust economy. And when we as a company do well, we share the results with our policyholders.”

With this distribution, WCF will have returned more than $382 million in dividends to its policyholders since 1992, according to the organization.

Salt Lake City-based WCF is owned by its policyholders and governed by a board of directors. WCF is rated A (Excellent) by the A.M. Best Co.