Summer 2005

Ken Lauber is Vice President of Field Operations at Texas Mutual Insurance Company.

Ken's Corner

For the seventh consecutive year, Texas Mutual Insurance Company is awarding general dividends—approximately $50 million worth—to qualifying policyholders. Our past dividend programs have proved to be fantastic incentives for renewals, and we hope to see that trend continue this year.

Approximately 3,800 Texas agents will get to share the good news with their qualifying clients.

In all, we estimate 32,000 current Texas Mutual^® policyholders will receive at least one component of the 2005 dividend plan.

The plan includes an annual component and a retention component. The annual component rewards current qualifying policyholders, based on their policies that expired in 2004. The retention component rewards policyholders that have regularly renewed with us, beginning with the policy that expired in 2004 and working back to policies from previous expiration years, for a maximum of five years. Of course, the policies’ aggregate loss ratio must be within an acceptable range to qualify for a retention component.

We also are paying a special dividend as part of this year’s plan. The special dividend is the result of our exceptional financial results in 2004.

Texas Mutual Insurance Company strives to offer competitive prices for all our policyholders. Our 2005 dividend plan, however, helps us reward specific policyholders who have contributed to our success through their low claim losses and customer loyalty.

Thank you for your help in sharing this good news with your qualifying clients. If you need more information about our dividends, ask your Texas Mutual^® marketing representative, or click here.

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Texas Mutual^® is a registered service mark of Texas Mutual Insurance Company.