Schools Group Earns $397K Texas Mutual Dividend

Austin, TX (CompNewsNetwork) - The Texas Schools Group (TSG) has earned a $397,477 workers' compensation dividend from Texas Mutual Insurance Company. The purchasing group dividend is based largely on TSG's overall loss ratio.

TSG has earned $1.2 million in Texas Mutual group dividends since 2005. Many TSG members have also qualified for a share of the more than $595 million Texas Mutual has paid to individual policyholders during the past 10 years. In addition to potential dividends, TSG members get a premium discount and an industry-specific safety plan. Most can earn an additional 12 percent annual premium discount by enrolling in Texas Mutual's workers' compensation health care network.

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

About Texas Mutual Insurance Company

Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance, with approximately 25 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers. Providing stable, competitively priced workers' compensation insurance is a major part of Texas Mutual's mission.

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