Texas Mutual is proud to announce that their board of directors has approved a $280 million dividend distribution! This year's record-breaking payout brings the total distribution to $2.5 billion. In 1999, Texas Mutual paid their first dividend and this year marks the 20th year of the program. They are proud to continue this tradition.
Dividends will be mailed to over 50,000 qualifying policyholder owners, including many VFIS of Texas Workers Comp policyholders, beginning in late June. If your department doesn't have Workers Comp, but are interested in a Quote, please contact us at email@example.com or (800) 252-9435. To read Texas Mutual's full press release, please click the link below.
via Texas Mutual
Texas Mutual’s board of directors voted unanimously to approve a company-record $240 million dividend distribution in 2016. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in July.
This is the 18th consecutive year the board has voted to distribute policyholder dividends, bringing the total to over $2 billion. Over $1 billion of that has been paid since 2012.
Texas Mutual is owned by its policyholders, not stockholders, which means the company shares its success by distributing dividends to policyholder owners who have made a commitment to preventing workplace accidents and helping injured workers get back on the job.
“Texas Mutual has a long history of rewarding our policyholder owners for their contributions to our success,” said Bob Barnes, chairman of Texas Mutual’s board. “These dividends reward safe business practices and also help our policyholders’ bottom lines. Our policyholder owners play an important role in Texas’ economy, and we know the difference these dividends can make for them.”
Texas Mutual President and CEO Rich Gergasko said the dividend distribution is about more than just financial success and that it also signifies the commitment the company and its policyholders make to keeping workplaces safe.
“Texas Mutual measures success not just in terms of dollars and cents but also in the number of lives saved and accidents prevented when employers place an emphasis on workplace safety,” Gergasko said. “We’re proud to share our success and reward the safety efforts Texas employers make with this year’s dividend distribution.”
Gergasko noted that while Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.
Texas Mutual Insurance Company is distributing a company-record $225 million in dividends for 2015 to their eligible policyholders statewide. We are pleased to announce that our VFIS of Texas clients are receiving a total of $872,338.87 in dividends! This dividend, along with the ESO Safety Group dividend, brings total dividends paid to our clients in excess of $1 million this year!!
Congratulations to our clients that have received dividends this year based on your good performance and loyalty to Texas Mutual! For more information on this dividend, CLICK HERE.
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