Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026.
This marks the 28th consecutive year Texas Mutual has paid a general dividend to its policyholder owners. With this year’s payout, the company will have distributed more than $5.1 billion back to businesses across the state. Dividends are expected to be issued in June to approximately 74,000 qualifying policyholders.
Texas Mutual’s dividend program is rooted in its mission to promote safer workplaces across the state. This year, about 90% of policyholders will receive a dividend, a reflection of their shared commitment to protecting employees and reducing workplace injuries.
While Texas Mutual has paid dividends annually since 1999, future dividends are based on company performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance rules.
Thus far, cyberattacks have yet to progress beyond human involvement. “Humans are in the cockpit when they’re using agentics so far,” he said. But are AI cyberattacks coming?
“From an underwriter’s point of view, policy conditions and pricing are on our minds,” Greenberg said. Large companies, with capabilities and money to invest in cybersecurity, may be better at cyber hygiene. Small companies aren’t targeted as much but “create more systemic concerns.” The sweet spot—the “biggest meatball” as Greenberg described—are middle-market organizations.
“They are a target,” he said. “They have more money, and they’re less capable at hygiene and focus on it less. They have weaker perimeters.”
The Mythos model has yet to be released to the general public. Anthropic has allowed a select few to experiment with Mythos, which the company admits poses security risks while simultaneously identifying “thousands” of vulnerabilities.
In a recent brief on the cyber insurance marketplace, Fitch Ratings said AI tools can certainly help with vulnerability analysis, but it also “lowers barriers for attackers, expands third-party risks, and could materially increase attack volume.”
In earlier comments on the war, Greenberg said it concern for higher inflation and slower economic growth.
“To what degree…the timing and the pattern are all unknowable at this time,” he said. “However the impact of the war adds a degree of pressure to certain financial, fiscal, and economic stresses such as underlying inflation, fiscal deficits and sovereign debt, global supply chains, and financial valuations.”
