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.

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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.

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