July 23, 2024
Texas Mutual distributes $8 million in safety group dividends
For 26 years, we’ve been awarding our policyholders for their commitment to safety and loyalty to Texas Mutual through our one-of-a-kind dividend program. In addition to individual dividends, policyholders who are safety group members can also qualify for a group dividend if the group has a favorable loss history. We’re happy to share that year-to-date, 14 safety groups have received a combined $8,194,775 in dividends.
From January 1 through June 30, 2024, the following groups received a dividend:
- ASG Safety Group
- CompGroup AGC
- Hospitals of Texas
- Lone Star Auto Dealers
- Lone Star Energy
- Social Services Agencies of Texas
- Texas Cattle Feeders Association
- Texas Church Group
- Texas Home Builders
- Texas Lumber & Wood Products
- Texas Machinery & Equipment Dealers
- Texas Medical Group
- Texas Oil & Gas Association
- Texas Sign Association Comp Group
Safety group dividend amounts
Safety group dividends are evaluated once each year and are based on the group’s performance over the previous three years. The amount each individual group member receives depends on their company’s earned premium, safety record and the amount of time they’ve been in the group.
- You can view historic dividend payouts for each safety group through our safety groups page.
- If you belong to one of the groups listed above, you can view individual and group dividend information in your Texas Mutual Online (TMO) account.
- If you are an agent and have a Texas Mutual client in one of the groups listed above, you can view their individual and dividend information in your TMO account.
Dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.
Safety group membership
Texas Mutual works with 25 safety groups in more than 10 different industries. In addition to potential dividends, safety group members receive a discount of about 12% on their premium and have access to industry-specific safety resources.
If you’re interested in joining a safety group, please speak to your insurance agent. Agents can use the class code search on our safety groups page to see what groups are available to your client.