The following is a press release by Texas Mutual
AUSTIN, Texas – Texas Mutual Insurance Company, a policyholder-owned company and the state’s leading provider of workers’ compensation insurance, has distributed $330 million in general dividends to almost 73,000 Texas businesses, representing 90% of the company’s policyholders. In Williamson County, 1,240 businesses will collectively receive over $6.4 million in dividends. These local businesses can use their general dividends to reinvest in their businesses and local communities.
“Texas Mutual’s dividend program allows us to share our success with policyholders who contribute toward our mission of building a safer Texas,” said the Honorable Ron Simmons, chairman of Texas Mutual’s board. “This year’s $330 million general dividend distribution reaffirms our ongoing commitment to strengthening the Texas workforce and supporting economic success across the state.”
Policyholders have the opportunity to earn dividends for their commitment to safety and contribution toward keeping workers’ comp costs low.
“We are proud to have partnered with Texas Mutual for over 10 years,” said Trey Taparauskas, president and CEO of Champion Site Prep Inc. “Their commitment to protecting both our employees and our company—especially through the dividend program—sets them apart. In an unpredictable business climate, they provide a sense of security and consistency that is invaluable. We look forward to continuing this trusted partnership for many years to come.”
Texas Mutual awarded its first dividend in 1999, making this the 27th consecutive year of the program and bringing the total delivered back to Texas businesses to nearly $4.8 billion.
“Texas Mutual’s one-of-a-kind dividend program has always reflected our investment in the safety and success of Texas businesses,” said Jeanette Ward, president and CEO of Texas Mutual. “We are proud to remain a trusted partner to businesses across the state, providing reliable workers’ compensation coverage and rewarding policyholders who share our commitment to safety.”
While dividends have been awarded annually since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance rules.
Visit texasmutual.com/ownershippays to learn more about Texas Mutual’s dividend program.
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