Restaurants Enjoy Texas Mutual Dividends

Texas Mutual presented safety group dividend checks to members of the Texas Restaurant Association Safety Group.   Learn more about the dividend program and other advantages of Texas Mutual coverage in the below video.

 

Texas Mutual Serves up $1.4M Dividend to TRA Safety Group

(L-R) Bob Barnes, chairman of Texas Mutual's board of directors, and Ron Wright, president of Texas Mutual, present a $1,387,241 dividend check to Richie Jackson, CEO of the Texas Restaurant Association.

Texas Mutual Insurance Company announced today a $1,387,241 dividend to the Texas Restaurant Association (TRA) safety group. The dividend was based largely on the group’s overall loss ratio. Bob Barnes, chair of Texas Mutual’s board of directors, recently presented the check to TRA CEO Richie Jackson at Texas Mutual’s headquarters in Austin.

“The restaurant industry is an economic engine for Texas,” said Barnes. “Restaurants pump $36.6 billion into the economy and employ more than 1 million people. For every $1 million spent in restaurants, the state benefits from nearly 30 additional jobs. We hope this money helps TRA members continue to grow their businesses during challenging economic conditions.”

Members of the TRA safety group have shared in more than $17 million in group dividends since 1999.

Safety group dividends are separate from the $155 million in individual policyholder dividends Texas Mutual distributed in 2011. Since 2000, the company has injected more than $1 billion into the Texas economy through its group and individual dividend programs.

“Between individual policyholder dividends and safety group dividends, Texas Mutual makes participating in the workers’ compensation program in Texas a good business decision,” said Jackson.

Unlike publicly traded insurance companies, mutual companies are owned by their policyholders. Dividends allow Texas Mutual to share its financial success with its policyholder owners.

In addition to potential dividends, TRA safety group members get discounts on their workers’ compensation premiums. They also have access to workplace safety materials designed for the restaurant industry.

Texas Mutual notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

Texas Mutual Pays Combined $690K to Four Safety Groups

Texas Mutual Insurance Company announced today that four workers’ compensation safety groups have earned a combined $690,036 in dividends: Texas Recreation Group, $278,353; Texas Construction Supply, $200,752; Texas Green Industry, $133,453; AgriComp, $77,478.

The dividends were based largely on each group’s overall loss ratio.

In 2011, Texas Mutual will pay approximately $15 million in safety group dividends. Group dividends are separate from the $155 million in individual policyholder dividends the company distributed this year. Many group members qualified for individual and group dividends.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

For more information about safety groups, visit texasmutual.com/agents/group.shtm.

NFIB, Texas Mutual Partnership Pays $819K Dividend

Texas Mutual Insurance Company announced today an $819,218 dividend to the National Federation of Independent Business (NFIB) safety group for manufacturers. The dividend was based largely on the group’s overall loss ratio. Bob Barnes, chair of Texas Mutual’s board of directors, and Ron Wright, Texas Mutual president, presented the check to NFIB/Texas Executive Director Will Newton this afternoon at Texas Mutual’s headquarters in Austin.

(L-R) Bob Barnes, chair of Texas Mutual's board of directors, and Ron Wright, Texas Mutual president, present an $819,218 dividend check to Will Newton, NFIB/Texas executive director. The check will be distributed among members of the NFIB workers' compensation safety group for manufacturers.

“Entrepreneurs are the backbone of our economy,” said Barnes. “As an independent business owner, I am proud of the partnership Texas Mutual has forged with the NFIB. Anytime we have the opportunity to invest in Texas entrepreneurs, we consider it money well spent.”

Members of the NFIB manufacturing safety group have shared in $2 million in group dividends since 2007.

“We at NFIB are very proud of our members for pulling together with Texas Mutual Insurance Company’s loss prevention team and achieving such a significant group dividend,” said Newton. “We are looking forward to more of the same in 2012.”

Unlike publicly traded insurance companies, mutual companies are owned by their policyholders. Dividends allow Texas Mutual to share its financial success with its policyholder owners.

Safety group dividends are separate from the $155 million in individual policyholder dividends Texas Mutual distributed this year. Since 2000, the company has injected more than $1 billion into the Texas economy through its group and individual dividend programs.

In addition to potential dividends, NFIB safety group members get discounts on their workers’ compensation premiums. They also have access to workplace safety materials designed for their operations.

Texas Mutual notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

Texas Mutual Wraps Up $155M Dividend Distribution

Today, Texas Mutual Insurance Company began distributing about $1.5 million in workers’ compensation dividends among approximately 2,800 new policyholders.

The early-qualifier dividends represent the final component of Texas Mutual’s $155 million 2011 dividend distribution. Approximately 77 percent of the company’s policyholders received a dividend as a reward for preventing workplace accidents and helping injured workers return to productive employment.

“As a mutual insurance company, Texas Mutual is not publicly traded, and it does not answer to stockholders,” said Bob Barnes, chairman of Texas Mutual’s board of directors. “Our policyholders – the Texas entrepreneurs who put their trust in us every day – own the company. When Texas Mutual enjoys financial success, it has a solid history of sharing with those who have contributed to that success.”

Texas Mutual has distributed more than $1 billion in policyholder dividends since 2000. That number includes a combined $260 million in 2008 and 2009, at the height of the recession.

Texas Mutual President Ron Wright said the company’s dividend track record is a direct reflection of policyholders’ efforts to keep employees safe and on the job.

“Texas Mutual is fortunate to have more than 50,000 owners who share its vision of a safer, more productive state,” said Wright. “Our policyholders have invested in their safety programs and supported injured workers during their recoveries. I hope this return on their investments will keep their businesses strong far into the future.”

Texas Mutual notes that past dividends are not a guarantee of future dividends. All dividend plans require Texas Department of Insurance approval.

Three Safety Groups Earn Combined $848K in Texas Mutual Dividends

Texas Mutual Insurance Company announced today that three workers’ compensation safety groups have earned a combined $847,714 in dividends. The dividends were based largely on each group’s overall loss ratio.

The largest dividend, $398,186, went to the Lone Star Auto Dealers (LSA) safety group. LSA members have shared in more than $5 million in group dividends since 2002.

Meanwhile, the Lone Star Energy (LSE) safety group earned a $240,272 dividend, and the Hospitals of Texas (HOTComp) earned a $209,256 dividend.

Group dividends are separate from the $155 million in individual policyholder dividends Texas Mutual is distributing in 2011. Many group members have qualified for individual and group dividends.

In addition to potential dividends, LSA, LSE and HOTComp members have access to industry-specific workplace safety resources at texasmutual.com. They also get a discount on their workers’ compensation premiums.

Texas Mutual underwrites 30 safety groups representing a range of industries, including oil and gas, manufacturing, construction and health care. Any licensed Texas agent can submit qualifying clients for consideration in a group. For more information, visit texasmutual.com/agents/group.shtm.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Oil & Gas Businesses Earn Workers’ Comp Dividends

Texas Mutual Insurance Company recently paid a $1.8 million dividend to the Texas Oil and Gas Association (TxOGA) safety group. The workers’ compensation dividend was based largely on the group’s overall loss ratio.  TxOGA members have shared in $18 million in Texas Mutual dividends since 2001.

In addition to potential dividends, TxOGA members get a discount on their workers’ compensation premiums. They also have access to industry-specific workplace safety training materials in Texas Mutual’s Safety Resource Center.

Other employers interested in Oil & Gas safety should check out Texas Mutual’s Oil & Gas Safety Roundtable web page.

Any licensed Texas agent can submit qualifying clients for consideration in the TxOGA safety group. For more information, including qualifying class codes, visit texasmutual.com/agents/pr_txoga.shtm.

Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Safety Groups earned $1M in dividends

Texas Mutual Insurance Company is happy to announce that the Texas Machinery and Equipment Dealers (TMED) safety group earned an $892,432 dividend. In other dividend news, the Texas Home Builders (THB) safety group earned a $130,050 dividend.

Both workers’ compensation dividends were based largely on each group’s overall loss ratio.  In addition to potential dividends, safety group members have access to industry-specific workplace safety resources at texasmutual.com. They also get a discount on their workers’ compensation premiums.

Texas Mutual underwrites 28 safety groups representing a range of industries, including oil and gas, manufacturing, construction and health care. Any licensed Texas agent can submit qualifying clients for consideration. For more information about TMED, THB and other safety groups, visit texasmutual.com/agents/group.shtm.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Board Approves $155M Policyholder Dividend Distribution

This afternoon, Texas Mutual Insurance Company’s board of directors approved the company’s plan to distribute $155 million in workers’ compensation dividends in 2011.

Dividends reward loyal policyholders who share Texas Mutual’s commitment to preventing workplace accidents and helping injured workers get back on the job.

“As a mutual insurance company, Texas Mutual is not publicly traded, and it does not answer to stockholders,” said Bob Barnes, chairman of Texas Mutual’s board of directors. “Our policyholders – the Texas entrepreneurs who put their trust in us every day – own the company. When Texas Mutual enjoys financial success, it has a solid history of sharing with those who have contributed to that success.”

Texas Mutual plans to begin distributing dividends in late July. The company anticipates that approximately 38,000 policyholders will qualify for a dividend based largely on their premium sizes, workplace safety records and history with the company.

By the end of this year, Texas Mutual will have paid more than $1 billion in policyholder dividends since 2000. That number includes a combined $260 million in 2008 and 2009, at the height of the recession.

Texas Mutual President Ron Wright said the company’s dividend track record is a direct reflection of policyholders’ efforts to keep employees safe and on the job.

“Texas Mutual is fortunate to have 50,000 owners who share its vision of a safer, more productive state,” said Wright. “Our policyholders have invested in their safety programs and supported injured workers during their recoveries. I hope this return on their investments will keep their businesses strong far into the future.”

Wright noted that Texas Mutual cannot guarantee future dividends, and the 2011 dividend plan requires Texas Department of Insurance approval.

Purchasing Groups earn dividends

Auto Dealers Approach $5M Texas Mutual Dividend Mark

November 1, 2010 – Texas Mutual Insurance Company announced an $856,859 dividend to the Lone Star Auto Dealers (LSA) workers’ compensation purchasing group today. The dividend was based largely on the group’s loss ratio.

LSA has earned $4.7 million in Texas Mutual dividends since 2002. By committing to workplace safety and helping injured workers return to productive employment, LSA members improve their chances of qualifying for future dividends.*

In addition to potential dividends, LSA members get a discount on their workers’ compensation premium. They also have access to free safety materials, including online videos, pamphlets, videos, DVDs and an industry-specific safety plan.

Any licensed Texas agent can submit qualifying clients for consideration in LSA. For more information, visit texasmutual.com/agents/pr_lsa.shtm or lonestarautodealers.com.

*Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Medical Group Earns $788K Texas Mutual Dividend

October 28, 2010 – Texas Mutual Insurance Company announced a $788,170 dividend to the Texas Medical Group (TMG) today. The workers’ compensation purchasing group dividend was based largely on TMG’s loss ratio.

TMG has earned $1,726,338 in Texas Mutual dividends since 2008. By committing to workplace safety and helping injured workers return to productive employment, TMG members improve their chances of qualifying for future dividends.*

In addition to potential dividends, TMG members get a discount on their workers’ compensation premium. They also have access to free safety materials, including online videos, pamphlets, videos, DVDs and an industry-specific safety plan.

Any licensed Texas agent can submit qualifying clients for consideration in TMG. For more information, visit texasmutual.com/agents/pr_tmg.shtm or texasmedicalgroupwcprogram.com.

*Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.