SAIF Board Approves $120M Primary Dividend, $40M Safety Dividend

The board of directors for Oregon’s SAIF Corp. on Wednesday declared a $120 million primary dividend as well as an additional $40 million safety performance dividend that will be paid based on each policyholder’s safety results. SAIF said in a statement that favorable trends in claim costs and investment returns allowed it the board to declare the ninth consecutive dividend. The carrier said 47,488 policyholders are eligible for the primary dividend. On average, policyholders can expect to receive 28.6% of the premium paid in 2017, SAIF said. About 94% of the customers eligible ...