Helena, MT (WorkersCompensation.com) - The message is clear: Safety Pays! The Montana State Fund (MSF) Board of Directors declared a $30M dividend on Friday to be paid to its safest policyholders. MSF is Montana's largest workers' compensation insurance company, insuring approximately 25,000 Montana businesses, organizations and their workers. The 2019 dividend follows back-to-back $40M dividend declarations in 2017 and 2018, and brings the total paid to policyholders since 1999 to $286M. $30M represents an approximate 22% return of premium paid, on average and will be paid by Mid-November.
Dividends are not guaranteed and are primarily the result of two variables—better than expected investment returns, and fewer than expected losses (accidents). Historically, Montana is near the top in the nation in workplace accidents and fatalities. Paying dividends to the safest policyholders helps reinforce the need to operate a safe workplace.
“Businesses in Montana continue to value workplace safety and are furthering our collective goal of ensuring every Montanan returns home safely to their families each night,” Governor Bullock said. “As a result, businesses can use those savings to invest in their employees and the Montana economy.”
MSF Board Chairman, Lance Zanto added “To be in a position to declare another significant dividend is truly a testament to the employers and employees of Montana who show up on the job site every day. Their commitment to staying safe, along with the Management and staff of Montana State Fund and their commitment to getting injured workers back to work, is truly what makes days like today possible.”
“Without buy-in from employers and workers to improve Montana's safety culture, we would not be able to declare dividends such as this,” said Laurence Hubbard, President and CEO of MSF. “The best accident or injury is the one that never happens, and I believe Montana's workforce is beginning to understand and value that. We still have room for improvement, but Montana is headed in a positive direction and our team is proud to be a part of it.”