| Summer 2007
Groups Earn Dividends
Texas Mutual Insurance Company paid a $1,752,338 dividend to the
Texas Oil & Gas Association (TxOGA), a $1,600,383 dividend to the
Texas Construction Association (TCA) and a $360,349 dividend to the Social Services Agencies of Texas (SSA) Safety Groups. Premium volume and loss ratio were key components in determining the dividends.
"The Texas workers' compensation market continues to be very competitive," said Russell Oliver, president of Texas Mutual Insurance Company. "We work hard to differentiate our company from other carriers by providing real value to our policyholders. Our dividend program gives them one more reason to stay with us."
Group dividends are separate from the approximately $125 million in individual policyholder dividends Texas Mutual Insurance Company declared this summer. Some TxOGA, TCA and SSA members may qualify for both types of dividends.
Any licensed Texas agent can submit qualifying clients for TxOGA, TCA and SSA membership.
Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
MUTUAL INTERESTS - Summer 2007
Explaining Dividends to Your Clients
Redesign Makes Texas Mutual Online Even Easier to Use
Safety Group Spotlight: LSA Puts Premiums in Reverse
Groups Earn Dividends
Ken's Corner: Give Your Clients Three Good Reasons
Marketing Material Available Online
Earn 3.5 CE Credits