Texas Mutual Insurance Co. said qualifying policyholders will share a company-record $240 million dividend distribution.
The dividend distribution signifies the commitment the company and its policyholders make to keeping workplaces safe, Texas Mutual President and CEO Rich Gergasko said Thursday in a statement.
Texas Mutual will distribute the $240 million beginning in July, according to the statement.
“Texas Mutual has a long history of rewarding our policyholder owners for their contributions to our success,” Texas Mutual Chairman Bob Barnes said in the statement. “These dividends reward safe business practices and also help our policyholders’ bottom lines.”
“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,” Mr. Gergasko said in the statement. “We’re proud to share our success and reward the safety efforts Texas employers make with this year’s dividend distribution.”
A $21 million dividend will be distributed to WCF Insurance policyholders this week, Utah's insurer of last resort said Monday.