Texas Mutual Insurance Co. announced that its board of directors approved a $350 million dividend for qualifying policyholders.
The carrier said about 69,000 business owners will receive a dividend, representing about 90% of its policyholders.
Texas Mutual said this is the 26th consecutive dividend awarded and that it has returned more than $4.4 billion to policyholders since 1999.
TMIC said it plans to distribute dividends in June.
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