Texas Mutual Begins Distributing $175M in Dividends

Texas Mutual Insurance Co. announced Thursday that it has begun distributing $175 million in dividends among approximately 40,000 policyholders. The state-chartered carrier said this is the 15th consecutive year it has paid dividends, bringing the total to almost $1.4 billion. The company has paid the majority of that total – $1 billion – since 2007. Last year the carrier distributed $150 million in dividends."Texas Mutual is a policyholder-owned company," Bob Barnes, chairman of Texas Mutual's board, said. "Our focus is on delivering benefits to our policyholder owners and tak...