Texas Mutual Announces $330M Dividend

Texas Mutual Insurance Co. on Monday announced that its board of directors unanimously approved a $330 million dividend distribution for 2021. The payout will be distributed in June to about 57,000 business owners Texas Mutual said accounts for about 79% of its policyholders. “After the challenges of 2020, we’re proud to be in a position to reward policyholders who put safety first in the form of dividends,” said Ron Simmons, chairman of Texas Mutual’s board. “This year’s $330 million dividend distribution highlights our commitment to the success and resil...