Salem, OR – SAIF Corporation’s board of directors today declared a $150 million dividend for approximately 47,000 current and former customers.
Customers with policies that ended in 2009 and/or 2010 are eligible for the dividend. Individual dividend information will be available to employers through SAIF’s website, saif.com, beginning July 8, 2011.
Checks will be mailed to eligible SAIF policyholders during July. Dividend amounts will range from 18.71 percent to 22.12 percent of premium.
“SAIF is able to pay this dividend because of improvements in workplace safety and loss experience and recent excellent investment returns,” said President and Chief Executive Officer Brenda Rocklin.
“The board of directors has evaluated SAIF’s financial condition and determined that we can return a $150 million dividend to SAIF policyholders, while safeguarding the funds we need to pay benefits to injured workers,” said Cathy Travis, chair of SAIF’s board. “Making workers’ compensation affordable for Oregon businesses is one of our core responsibilities. Our policyholders’ commitment to the safety of their employees helped make this dividend possible.”