Texas Mutual Insurance Company is set to distribute a significant $330 million in general dividends to its policyholders in 2025. This decision comes after a unanimous vote by the company’s board of directors. As the leading provider of workers’ compensation insurance in Texas, Texas Mutual has now committed to distributing over $1 billion in general dividends since the program began.
This upcoming payout marks the 27th consecutive year that Texas Mutual has shared dividends with its policyholders. Over these years, the company has returned nearly $4.8 billion to businesses across the state, significantly impacting the Texas economy. The dividends will be distributed in June to approximately 73,000 policyholders.
Ron Simmons, the chairman of Texas Mutual’s board, highlighted the importance of this dividend program. He stated that it supports the backbone of Texas by rewarding businesses dedicated to ensuring safe workplaces for their employees.
About 91% of Texas Mutual’s policyholders are expected to receive a dividend this year. While the company has consistently awarded dividends since 1999, they are based on performance and are not guaranteed. Additionally, the distribution of dividends must adhere to regulations set by the Texas Department of Insurance.
For more details on the dividend program, policyholders can visit Texas Mutual’s website.