Ector County businesses receive over $6.6 million in dividends from Texas Mutual

AUSTIN Texas Mutual Insurance Company, a policyholder-owned company and the state’s leading provider of workers’ compensation insurance, has distributed $330 million in general dividends to almost 73,000 Texas businesses, representing 90% of the company’s policyholders. In Ector County, 855 businesses will collectively receive over $6.6 million in dividends. These local businesses can use their general dividends to reinvest in their businesses and local communities, a news release said.

“Texas Mutual’s dividend program allows us to share our success with policyholders who contribute toward our mission of building a safer Texas,” the Honorable Ron Simmons, chairman of Texas Mutual’s board, said in the release. “This year’s $330 million general dividend distribution reaffirms our ongoing commitment to strengthening the Texas workforce and supporting economic success across the state.”

Policyholders have the opportunity to earn dividends for their commitment to safety and contribution toward keeping workers’ comp costs low.

Texas Mutual awarded its first dividend in 1999, making this the 27th consecutive year of the program and bringing the total delivered back to Texas businesses to nearly $4.8 billion.

“Texas Mutual’s one-of-a-kind dividend program has always reflected our investment in the safety and success of Texas businesses,” said Jeanette Ward, president and CEO of Texas Mutual. “We are proud to remain a trusted partner to businesses across the state, providing reliable workers’ compensation coverage and rewarding policyholders who share our commitment to safety.”

While dividends have been awarded annually since 1999, they are based on performance and therefore are not guaranteed. Additionally, dividends must comply with Texas Department of Insurance rules.

Visit texasmutual.com/ownershippays to learn more about Texas Mutual’s dividend program.

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