| Summer 2008
Groups Earn $5.9M in Dividends
Eight Safety Groups underwritten by Texas Mutual Insurance Company have earned a combined $5,945,910 in dividends. The dividends were based on each group's premium volume and loss ratio.
The largest dividend, $2,903,340, went to the Texas Oil & Gas Association (TxOGA), followed closely by the Texas Construction Association (TCA) with $2,269,048.
"Our members have shared in $7.8 million in dividends since 2001," said Jim Sierra, TxOGA vice president for financial affairs. "Many have also earned individual policyholder dividends based on their personal claim loss history. Our dividend track record is a byproduct of everything we're doing to promote safe workplaces in a high-hazard industry."
Meanwhile, the Texas Association of Manufacturers, Texas Home Builders, and Texas Machinery and Equipment Dealers earned their first dividends: $65,128, $59,360 and $45,697, respectively.
In other group dividend news, the Texas Schools Group earned $498,348, the Emergency Service Organization earned $51,257 and the Texas Produce Association earned $53,732.
Group coverage pays off for agents, too. Texas Mutual offers 27 Safety Groups representing a range of industries. Agents who work with groups can increase their market share, generate higher premium volumes and maintain renewal stability.
For more information about Safety Groups, visit the Agents section at texasmutual.com.
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