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.

 

Workplace safety pays for San Antonio restaurants

San Antonio restaurateurs receive a dividend check for workplace safety. Pictured (from left to right): Yolanda Arellano, San Antonio Restaurant Assocation; Joe Guerra, Mi Tierra; Jon Lindskog, Cheesy Jane’s (Big Burgers of Texas); Robin Patterson, Burger King (St. Juste Management Corporation); and Terry Frakes, Texas Mutual

Twenty-nine San Antonio restaurateurs received a share of $310,787 in workers’ compensation dividends from Texas Mutual Insurance Company this week. The dividend was a reward for the Texas Restaurant Association safety group’s workplace safety record.

Terry Frakes of Texas Mutual and Scott Lea of TRA delivered the check. The San Antonio Business Journal was on hand to cover the event.

NFIB, Texas Mutual Partnership Pays $267K Dividend

Texas Mutual Insurance Company announced today a $267,364 workers’ compensation dividend to the National Federation of Independent Business (NFIB) wholesale/retail safety group. The dividend was based largely on the safety group’s overall loss ratio.

“Entrepreneurs are the backbone of our economy,” said Bob Barnes, chair of Texas Mutual’s board of directors. “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 wholesale/retail safety group have shared in $1.6 million in group dividends since 2006.

“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 NFIB/Texas Executive Director Will 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 last 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 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.

Bob Barnes, Ron Wright, Will Newton

(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.

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.

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