Austin, TX – Texas Mutual Insurance Company recently paid a dividend of $163,691 to the Texas Recreation Safety Group, bringing the total dividend payout for this group to $1,160,945 since 2009. The dividends earned are based largely on the group members’ dedication to making safety a priority in their businesses and therefore keeping the group’s loss ratio low.
“We have long made it a priority to reward those who partner with us to keep Texas workers safe,” said Texas Mutual President and CEO Richard Gergasko. “We appreciate that the Texas Recreation Safety Group has worked with us for the past several years to help its members create safe work environments for employees.”
Since 1999, Texas Mutual has distributed nearly $125 million in safety group dividends among qualifying safety groups. Many group members also qualify for individual policyholder dividends from Texas Mutual based largely on their companies’ loss ratios.
The Texas Recreation Safety Group helps qualifying golf clubs, country clubs, health clubs, tennis clubs, fishing clubs, bowling centers and others in the recreation industry lower their premiums and improve their safety programs. In addition to potential dividends, safety group members get discounts on their workers’ compensation premiums and have access to free workplace safety materials designed for the recreation industry.
“Texas Recreation Safety Group provides a powerful advantage to its members by offering premium discounts and connecting them with resources that can save them time and money.” said Kevin Daniel, group administrator.
“It is our partnership with Texas Mutual that allows us to deliver industry-specific safety resources and tangible advantages to the policyholders.”
Texas Mutual has distributed $1.6 billion in safety group and individual policyholder dividends since 1999. The majority of that total – $1 billion – has been distributed in the last seven years.
While Texas Mutual has awarded dividends each year since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance regulations.
Source: Texas Mutual