| Spring 2009
TRA Savors $3.1M Dividend
Members of the Texas Restaurant Association (TRA) Safety Group earned a $3,162,738 dividend from Texas Mutual. This marks the largest Safety Group dividend in Texas Mutual’s history. It was based largely on TRA’s favorable loss history.
For TRA President Gerard Cace, who owns and operates Johnny Cace’s Seafood & Steak House in Longview, the dividend was a welcome surprise in today’s troubled economy.
“Restaurants are the state’s leading private-sector employer,” said Cace. “These dividends will help our members continue to pay skilled food service professionals during difficult economic conditions.”
TRA has earned nearly $11 million in group dividends from Texas Mutual since 1999. Many members have also qualified for a share of the more than $595 million in individual dividends that Texas Mutual has declared since 1999.
More group dividend news:
- Texas Green Industry…$875,893
- NFIB construction…$514,649
- NFIB wholesale-retail… $303,863
- Texas Petroleum Marketers and Convenience Store Association…$85,112
Cash in on group coverage
Texas Mutual offers 27 Safety Groups representing a range of industries. Any licensed Texas agent can submit qualifying clients for consideration.
Safety Group members get a premium discount, an industry-specific safety plan, and potential group and individual dividends, while you continue to serve your client’s insurance needs.
Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.
MUTUAL INTERESTS - Spring 2009
Workers’ Comp Trends:
What Do They Mean to You?
TRA Savors $3.1M Dividend
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