• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

Texas Mutual Wraps up $175M Dividend Distribution

November 22, 2013 - WorkCompWire

Austin, TX – Texas Mutual Insurance Company recently announced that it has begun distributing $2.6 million in workers’ compensation dividends among approximately 3,300 new policyholders. The money represents the final component of Texas Mutual’s $175 million dividend distribution in 2013.

Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety.

“Texas Mutual is a policyholder-owned company,” said Bob Barnes, chairman of Texas Mutual’s board of directors. “Our focus is on delivering benefits to our policyholder owners and taking care of their injured workers. Dividends are part of our strategy for helping Texas employers control their workers’ compensation costs.”

This is the 15th consecutive year Texas Mutual has paid dividends, bringing the total to almost $1.4 billion. The company has paid $1 billion of that total since 2007.

Richard Gergasko, Texas Mutual president and CEO, said the company’s dividend track record reflects its permanent commitment to Texas businesses.

“Texas Mutual is more than a workers’ compensation provider,” said Gergasko. “We are a business partner to Texas employers, and we understand the importance of these dividends to our policyholders. This money goes back into the Texas economy and helps employers build their businesses for the future.”

Texas Mutual notes that dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.

Source: Texas Mutual/ECPR

Filed Under: Industry News, Risk Management News, Top Stories, Work Force & Human Resource News, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023