4,000 newer Texas Mutual policyholders earn dividends

More than 68,000 business owners rely on Texas Mutual to meet the needs of 1.4 million workers every day. We have a responsibility to promote safety and help prevent workplace injuries, and that’s why we recognize the great efforts that many businesses take to keep these workers safe.

One way we recognize our policyholders who share our commitment to safety is through our dividend program. As we announced earlier this year, Texas Mutual distributed a record $260 million in dividends. We recently completed the final phase of the dividend payout by distributing $3 million to 4,000 newer policyholders who are already exhibiting safe workplaces.

Early qualifier dividend recipients are those who haven’t been a Texas Mutual policyholder long enough to qualify for a regular dividend but are implementing safe practices in their businesses. This includes those who have a good loss ratio on their first-year policy with Texas Mutual and have renewed with us during the first half of the year. Early qualifier dividends allow us to reward newer policyholders for their safe habits sooner. Watch the video below to learn more about our dividend program

You can find more than 2,000 safety resources in your Texas Mutual account, exclusive to policyholders, to support the safety culture at your workplace. We offer online training with our new e-Learning, posters, flyers and videos, available in both English and Spanish, to help you keep your workers safe. Workplace accidents can disrupt production and morale, and when you do your part to avoid them, we do our part to take notice.

Policyholders who earn a dividend can use the funds to support their safety programs, or invest it right back in to the bottom line. See how some of our policyholders celebrated their dividends earlier this year. Visit texasmutual.com/ownershippays to learn more about our dividend program.

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Celebrating this year’s dividend payout

This year, Texas Mutual awarded almost 50,000 business owners with dividend checks in a company-record $260 million dividend payout. Dividends are a way for us to reward safety-conscious employers, and we’re proud to have done so for 19 consecutive years. Take a look at some of this year’s dividend recipients in the slideshow below.

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Dividends can be used to help offset workers’ comp costs, re-invest into safety equipment and training, or just give a boost to your bottom line. However you choose to utilize your dividend, we love hearing your dividend stories. Be sure to share with us on Facebook, Twitter, or LinkedIn, and use #TXMDividends.

Qualifying policyholders are rewarded dividends based on two components: safety and loyalty. Take a look at the dividend video below to see how the dividend process works.

Safety in your workplace is where you have the greatest opportunity to make an impact when it comes to dividends. Texas Mutual offers thousands of free resources, including our new e-learning online training modules, to help you launch safety programs, educate employees, and maintain safe environments. Visit the safety resource center of your texasmutual.com account. Our safety services support center is also available at 844-WORKSAFE Monday through Friday from 8 a.m. to 5 p.m. to help you identify the best resources for your business or connect you with a safety services consultant.

Another way to improve your chance of receiving a dividend is to have a solid return-to-work program in place so that when accidents do occur, you have a plan for minimizing losses and getting workers back on the job. Texas Mutual has a number of resources to help with this, and our recent post on creating a return-to-work program from our Your Claims Questions Answered series is a great place to start.

These resources and plans may seem like small steps, but they could add up to a dividend for your business. Find out more about Texas Mutual’s dividend program by clicking here.

It’s dividend season at Texas Mutual!

Earlier this summer Texas Mutual announced that we’ll be distributing a company-record $240 million in dividends in late July. These dividends make a big difference for the thousands of policyholders across the state who receive them. This year, more than 45,000 business owners will open their mailbox to find a dividend check that they can use to help offset workers’ comp costs, re-invest into safety equipment and training, or just give a boost to their bottom line. But how exactly do policyholders earn a Texas Mutual dividend or maximize their return? Take a look at the dividend video below to see how the dividend process works, then read on for ways to make the most of Texas Mutual’s dividend program.

 

As the video shows, there are two components of a Texas Mutual dividend: safety and loyalty. The area you have the greatest opportunity to make an impact in is safety. Workplace safety isn’t just good for company morale and productivity. It also has a significant impact on your bottom line. Fewer workplace accidents can potentially mean less lost work time, lower claims costs and even a greater dividend. Because dividends are determined largely based on loss ratio, you have the power to increase your chances of qualifying for one by making safety a priority.

Workplace safety can seem daunting, so we have thousands of free resources available to help you launch safety programs, educate employees and maintain safe environments. The safety resource center at texasmutual.com gives policyholders exclusive access, and worksafetexas.com keeps you in the know about trending safety issues. Our safety services support center is also available at 844-WORKSAFE Monday through Friday from 8 a.m. to 5 p.m. to help you identify the best resources for your business or connect you with a safety services consultant.

Another way to improve your loss ratio is to have a solid return-to-work program in place so that when accidents do occur, you have a plan for minimizing losses and getting workers back on the job. Texas Mutual has a number of resources to help with this, and our recent post about return-to-work is a great place to start.

These resources and plans may seem like small steps, but they could add up to a dividend for your business. Find out more about Texas Mutual’s dividend program by clicking here.

Texas Mutual Board Approves $240 Million Policyholder Dividend Distribution

Untitled-1Texas Mutual’s board of directors voted unanimously to approve a company-record $240 million dividend distribution in 2016. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in July.

This is the 18th consecutive year the board has voted to distribute policyholder dividends, bringing the total to over $2 billion. Over $1 billion of that has been paid since 2012.

Texas Mutual is owned by its policyholders, not stockholders, which means the company shares its success by distributing dividends to policyholder owners who have made a commitment to preventing workplace accidents and helping injured workers get back on the job.

“Texas Mutual has a long history of rewarding our policyholder owners for their contributions to our success,” said Bob Barnes, chairman of Texas Mutual’s board. “These dividends reward safe business practices and also help our policyholders’ bottom lines. Our policyholder owners play an important role in Texas’ economy, and we know the difference these dividends can make for them.”

Texas Mutual President and CEO Rich Gergasko said the dividend distribution is about more than just financial success and that it also signifies the commitment the company and its policyholders make to keeping workplaces safe.

“Texas Mutual measures success not just in terms of dollars and cents but also in the number of lives saved and accidents prevented when employers place an emphasis on workplace safety,” Gergasko said. “We’re proud to share our success and reward the safety efforts Texas employers make with this year’s dividend distribution.”

Gergasko noted that 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.

Texas Mutual Board Approves $225 Million Dividend Distribution

Untitled-1Texas Mutual Insurance Company’s board of directors voted yesterday to approve a company-record $225 million dividend distribution in 2015. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in July.

Texas Mutual is owned by its policyholders, not stockholders, which means that the company shares its success by distributing dividends to policyholder owners who have made a commitment to preventing workplace accidents and helping injured workers get back on the job.

This is the 17th consecutive year the board has voted to distribute policyholder dividends, bringing the total to $1.8 billion. The company has paid the majority of that total – over $1 billion – since 2010.

“Texas Mutual’s policyholder owners greatly contribute to the success of the organization by keeping their workers’ compensation losses low, ” said Bob Barnes, chairman of Texas Mutual’s board. “We value that contribution and are proud to recognize it year after year with dividends that help Texas employers control their costs even further.”

Texas Mutual President and CEO Rich Gergasko said the dividend distribution reflects a deep commitment that the company and its policyholder owners have made to Texas.

“Texas Mutual partners with our policyholder owners throughout the year to help them keep their workers safe and costs low,” Gergasko said. “These dividends are a tangible representation of that year-round commitment. We appreciate the unique relationship that we have with our customers and know that this money goes back into our state’s economy to help employers build their businesses for the future.”

Gergasko noted that 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.

To learn more about how ownership pays at Texas Mutual, visit texasmutual.com/ownershippays.

Texas Mutual Pays $175 Million Policyholder Dividend

Dollar BillsTexas Mutual Insurance Company announced today that it has begun distributing $175 million in dividends among approximately 40,000 policyholders. Dividends reward loyal policyholders who share the company’s commitment to preventing workplace accidents and helping injured workers get well and back on the job.

This is the 15th consecutive year Texas Mutual has paid dividends, bringing the total to almost $1.4 billion. The company has paid the majority of that total – $1 billion – since 2007.

“Texas Mutual is a policyholder-owned company,” Bob Barnes, chairman of Texas Mutual’s board, said. “Our focus is on delivering benefits to our policyholder owners and taking care of their injured workers. Dividends are part of our long-term strategy for helping Texas employers control their workers’ compensation costs.”

Texas Mutual President and CEO Richard Gergasko said the company’s dividend track record reflects its permanent commitment to Texas businesses.

“Texas Mutual is more than a workers’ compensation provider,” Gergasko said. “We are a business partner to Texas employers, and we understand the importance of these dividends to our policyholders. This money goes back into the Texas economy and helps employers build their businesses for the future.”

Gergasko noted that Texas Mutual cannot guarantee future dividends, and the Texas Department of Insurance must approve all dividends

Texas Mutual Delivers $281K Boost to Social Service Agencies

Texas Mutual Insurance Company, working in partnership with Care Providers Insurance Services, announced today that the Social Service Agencies of Texas (SSA) safety group has earned a $280,638 dividend.

The workers’ compensation dividend was based largely on the group’s overall safety record.

“Social service agencies operate on lean budgets, and every dollar counts,” said Randall Hedlund, director of Care Providers Insurance Services, the SSA safety group administrator. “We’re very proud of our group’s safety record, and dividends help our members continue to deliver much-needed services to the people of Texas.”

Since 2005, Texas Mutual has paid nearly $2 million in group dividends to SSA members. That total is in addition to individual policyholder dividends group members have earned. Individual dividends are based largely on each policyholder’s safety record.

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

By the end of the year, Texas Mutual will have paid $1.2 billion in dividends. The majority of that total – more than $1 billion – will have been paid since 2005.

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

(L-R) Willis Tran and Priscilla Archer, marketing associates at Care Providers Insurance Services; Steve Math, senior vice president of underwriting at Texas Mutual; and Bill Jackson, Texas Mutual underwriting manager

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