Texas Mutual Issuing Record $280M Dividend
Thursday, May 3, 2018 | 0
Texas Mutual Insurance Co. announced Wednesday that it will issue a record $280 million dividend to policyholders.
The carrier said nearly 75% of policyholders will receive a check in recognition of their safety practices. This is the 20th consecutive year the company has distributed dividends, bringing the total to $2.5 billion, the carrier said. More than half of that has been paid in the last five years.
The carrier said dividends are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.
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