| Summer 2009
Groups Earn $5.7M in Dividends
Gina O’Hara of ANCO Insurance has a knack for putting things in simple terms anyone can understand. Consider her explanation for why agents should work with Safety Groups.
“You never want to have to explain to a client why you didn’t tell them about a program that could have lowered their premiums by as much as 11 percent and even paid them dividends,” said O’Hara. “If you’re not telling your clients about Safety Groups, another agent will.”
This summer, six Safety Groups underwritten by Texas Mutual earned a combined $5,670,212 in group dividends. The dividends were separate from the $75 million in individual policyholder dividends that Texas Mutual began distributing in July.
The largest group dividend in Texas Mutual’s history, $4,537,879, went to the Texas Oil & Gas Association (TxOGA) Safety Group. TxOGA members have shared in $12.7 million in group dividends since 2001. The following groups also earned dividends this summer:
Texas Mutual offers 27 Safety Groups representing a range of industries. Any licensed Texas agent can submit qualifying clients for consideration.
What’s in it for you?
- Generate higher premium volumes.
- Increase your writings.
- Maintain renewal stability.
What’s in it for your clients?
- Get premium discounts.
- Adopt industry-specific safety plans.
- Earn potential group and individual policyholder dividends.
MUTUAL INTERESTS - Summer 2009
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