Winter 2004

Purchasing Groups Earn Dividends

Texas Mutual Insurance Company presented dividend checks to three of its largest purchasing groups this fall: the Texas Oil and Gas Association (TxOGA), the Texas Restaurant Association (TRA), and CompGroup AGC.

In 2004, TxOGA received $245,320 of group dividends; TRA received $715,423; and CompGroup AGC received $1,430,035. Each group earned dividends in previous years, too.

Group dividends are separate from the approximately $50 million in dividends that Texas Mutual Insurance Company paid to qualifying policyholders in July. Some purchasing group members received dividends from both programs.

Since 1999, Texas Mutual Insurance Company has returned over $170 million in general dividends and over $5 million in purchasing group dividends. Each group dividend helps reward the group for managing its growth, premium volume, and overall loss ratio.

Past dividends are not a guarantee of future dividends; however, when funds are available, Texas Mutual Insurance Company believes in rewarding its loyal policyholders whose low claim losses help contribute to its success.

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