Texas Mutual Announces $260 Million Dividend

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...