Chesapeake declares $15M dividend for 2023

The board of directors for Maryland’s largest workers compensation carrier has declared a $15 million dividend for calendar year 2023.

The dividend will be awarded to Chesapeake Employers’ Insurance Co. policyholders who qualify based on their 2022 performance, and payments will start going out in May 2023, the company said in a statement.

The 2023 dividend comes on top of a $15 million dividend declared for 2022 and $10 million dividends for each calendar year 2018 through 2021.

Chesapeake Employers’ said the dividends are possible because of its financial performance, along with workplace safety measures.

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