Small Business Groups Get Big Dividends from Texas Mutual
Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’ overall loss ratios.
The largest dividend went to the NFIB wholesale/retail group, which received a $353,072 check. The NFIB construction group received a $236,117 dividend, adding to its five-year history of earnings. Meanwhile, the NFIB manufacturing group earned $95,808, its first dividend from Texas Mutual Insurance Company.
The NFIB is a nonprofit, nonpartisan organization representing small and independent businesses. Texas Mutual Insurance Company is a leading writer of purchasing groups in Texas. The company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company, www.texasmutual.com
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