Winter 2006

Purchasing Groups Earn Dividends

	Left to right: TRA Executive Vice President/CEO Richie Jackson, Texas Mutual® board member Jose Cuevas Jr., TRA Vice President of Membership Rick Madden, Texas Mutual® President Russ Oliver.

TRA earns eighth consecutive dividend
The Texas Restaurant Association (TRA) purchasing group made news by earning a $2,112,299 dividend, the second largest dividend in Texas Mutual Insurance Company’s history. TRA has earned a dividend every year since 1999.

“The restaurant industry employs a large number of young and often inexperienced workers who may not understand the importance of workplace safety,” said Richie Jackson, TRA executive vice president/CEO. “Our track record for dividends is a testament to this group’s focus on recruiting safety-conscious employers and, above all, working with our employees to maintain a safe and productive workplace.”

Texas Mutual pays record dividend to CompGroup AGC
This fall, Texas Mutual Insurance Company paid a $2,672,136 dividend to the CompGroup AGC purchasing group. This marked the largest single dividend payout in Texas Mutual Insurance Company’s history.

Premium volume and loss ratio were key factors in determining the group’s dividend.

“Safety is ingrained in everything we do,” said Julie Schatz of Roberts & Crow Inc., the CompGroup AGC administrator. “By controlling our group’s loss ratio, we’ve helped our members earn, on average, more than 10 percent of their premium back in dividends. We think that speaks volumes about our members’ commitment to safety.”

More group dividends
In other purchasing group dividend news, the Lone Star Auto Dealers Association (LSA) purchasing group earned $773,720. LSA has earned over $1.2 million in dividends since 2002. Meanwhile, the Texas Green Industry purchasing group earned $297,098, over four times more than its 2005 dividend.

Place your clients in groups
All of these groups are open programs, which allow any agent to submit qualifying clients for membership.

Past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

MUTUAL INTERESTS - Winter 2006
What Your Clients Get for Their Texas Mutual Premium
Texas Mutual Introduces New Purchasing Groups
Purchasing Groups Earn Dividends
Fixed Payroll for Sole Proprietors, Partners Increases
Ken's Corner

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