Texas Mutual Insurance Co. announced Wednesday that it will distribute a $260 million dividend to policyholders, a record amount for the company.
The Texas Mutual board of directors unanimously approved the dividend, which will be sent to qualifying policyholders beginning in June.
Texas Mutual has distributed than $2.2 billion since it began paying dividends 19 years ago, the company said. More than $1 billion in dividends has been paid in the last five years.
Texas Mutual is owned by its policyholders and is the state's largest provider of workers' compensation...
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