Austin, TX – Texas Mutual recently announced that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023.
This year’s dividend payout marks the 25th year Texas Mutual has paid dividends to its safety-conscious policyholders, bringing the total delivered back to Texas businesses to over $4 billion since 1999. This milestone is made possible because of policyholders who make safety a priority and play a fundamental role in our mission to create a stronger, safer Texas.
Texas Mutual noted that its dividend program gives it the opportunity to share its financial success with businesses who are doing their part to keep the workforce safe while also creating a positive effect on Texas’ economy. Texas Mutual is proud to reward policyholders for their commitment to workplace safety and loyalty to Texas Mutual.
This year, dividends will be distributed to an estimated 69,000 Texas business owners, representing approximately 92% of Texas Mutual’s policyholders for their dedication to maintaining safe work environments for their employees.
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.
Agents can view dividend information online on June 5. Qualifying policyholders can view dividend information on June 25, which is when checks will go out in the mail.
Source: Texas Mutual