Texas Mutual In
surance Company announced that its board of directors voted unanimously to a
pprove a $330 million general dividend distribution in 2025.
Texas Mutual, the stat
e’s top provider of workers’ compensation insurance will have distributed mor
e than $1 billion in general dividends.
This will be the 27th year in a row that Texas Mutual has distributed general divi
dends to its policyholder owners, with nearly $4.8 billion delivered back to Texas
businesses during that time. Dividends will be distributed in June to
an estimated 73,000 Texas Mutual policyholders.
“Texas Mutual’s dividend program has made a meaningful impac
t on our state’s econ
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my for 27 years by reaching so many businesses across Texas,” said the Honora
ble Ron Simmons, chairman of Texas Mutual’s board. “Our policyholders
are the backbone of Texas, and we’re proud to reward busin
esses that are committed to creating safe workplaces for their employees.”
Approximately 91% of
Texas Mutual policyholders will receive a dividend, the company said.
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 rules.